Big gains across the board

Kathimerini English - - Business & Finance -

The Greek bourse posted a spec­tac­u­lar rise yes­ter­day, at­trib­uted partly to pos­i­tive news re­gard­ing a new bailout pack­age for the coun­try’s econ­omy as well as to the gen­eral feel­ing the mar­ket has been un­der­priced. It re­mains to be seen whether this growth can con­tinue in June.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 1,309.46 points, grow­ing by 5.58 per­cent from Mon­day’s close at 1,240.25 points. The blue chip FTSE/ATHEX 20 in­dex rose by 6.83 per­cent to end at 587.26 points.

Banks out­per­formed, reg­is­ter­ing a rise of 10.06 per­cent in their sec­toral in­dex. Bank of Cyprus gained 17.35 per­cent, Marfin In­vest­ment Group added 14.29 per­cent, Eurobank EFG rose by 10.80 per­cent, Na­tional Bank grew by 10.61 per­cent and Myti­li­neos ex­panded by 9.11 per­cent. Hel­lenic Pe­tro­leum was the only blue chip to post losses (down 0.45 per­cent).

In to­tal, 129 stocks moved up, 38 went down and 32 re­mained un­changed. Varveris Moda Bagno had the big­gest rise, with gains of 18.52 per­cent, while Axon Hold­ings led the losers, shed­ding 18.67 per­cent.

Turnover came mil­lion eu­ros.



Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.