ECONOMY

Stocks make unconvincing rebound on low turnover

March 12, 2013 12.03.2013 • 20:29

The Greek bourse recorded a rise on Tuesday that many traders dubbed unconvincing due to the low level of turnover and the persistence of factors that have led stocks to losses in previous days, such as the uncertainty over Greece’s next bailout tranche.

The Athens Exchange (ATHEX) general index closed at 941.17 points, growing by 1.23 percent from Monday’s 929.69 points. The large-cap FTSE/ATHEX-25 index inched up 0.53 percent, ending at 307.88 points.

Ellaktor led the blue chips with a rise of 4.32 percent, ahead of Hellenic Petroleum (up 4.23 percent) and Viohalco (4.16 percent). Frigoglass declined by 7.25 percent.

In total 84 stocks registered gains, 57 sustained losses and 24 remained unchanged.

Turnover amounted to 58 million euros, up from Monday’s 42.1 million.

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