Banks lead Greek stock re­bound

Kathimerini English - - Business & Finance -

Af­ter six con­sec­u­tive ses­sions of de­cline for its main in­dex, the lo­cal bourse staged yes­ter­day a mod­er­ate re­bound that is seen as a pre­dictable cor­rec­tion that could have been even greater.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 1,369.30 points, ris­ing by 1.44 per­cent from Mon­day’s close at 1,349.91 points. The blue chip FTSE/ATHEX 20 in­dex grew by 2.29 per­cent to end at 614.70 points.

The banks’ sec­toral in­dex rose by a sig­nif­i­cant 5.36 per­cent as len­ders were the fo­cus of buy­ing in­ter­est.

Al­pha Bank out­per­formed with gains of 9.30 per­cent, fol­lowed by Na­tional Bank (up 6.99 per­cent), Eurobank EFG (5.90 per­cent) and Hel­lenic Post­bank (3.42 per­cent). Jumbo was the worst off among the blue chip losers, post­ing a 1.64 per­cent fall, ahead of Marfin In­vest­ment Group (down 1.47 per­cent) and Coca-Cola HBC (1.38 per­cent).

In to­tal, 94 stocks moved up, 50 went down and 50 re­mained un­changed. Babis Vovos saw the big­gest rise, with gains of 18.52 per­cent, while Koum­bas Hold­ings led the losers, shed­ding 11.11 per­cent.

Turnover came to 97.6 mil­lion eu­ros, down from 110 mil­lion on Mon­day.

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