Greek Stock Market Ends 2023 on a High Note with 39.08% Increase

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The Greek stock market had a strong close, with the main index ending the year 39.08% higher than its closing last December. The large-cap index grew by 38.7% year-on-year, but it was the banks that outperformed with a 65.73% annual advance.

The Athens Exchange (ATHEX) general index closed at 1,293.14 points, which was an increase of 0.58% from Thursday's closing at 1,285.65 points. On a weekly basis, the index increased by 0.17%.

The large-cap FTSE-25 index expanded by 0.67% to end at 3,122.79 points, while the banks index improved by 1.15%. Alpha saw the largest increase, soaring by 3.22%, followed by National earning 0.80% and Eurobank rising 0.59%. However, Piraeus slipped by 0.06%.

Among the other blue chips, Ellaktor increased by 2%, EYDAP was up by 1.67%, OTE telecom climbed by 1.49%, Quest Holdings grabbed 1.44%, and Aegean Airlines collected 1.43%. However, Motor Oil declined by 1.16%.

In total, 69 stocks registered gains, 35 suffered losses, and 20 remained unchanged.

The turnover for the day amounted to 61 million euros, up from Thursday's 45 million euros.

In Nicosia, the general index of the Cyprus Stock Exchange increased by 0.17% to close at 136.01 points.

Copyright Greekcitytimes 2024