Buy­ers pre­vail, bring­ing more gains for in­dex

Kathimerini English - - Front Page -

The bench­mark at the lo­cal stock mar­ket turned green from the start of yes­ter­day’s ses­sion and ended the day with gains of 1.82 per­cent, fol­low­ing two days of losses at the start of the week. The up­ward mo­men­tum ob­served on global mar­kets cer­tainly helped yes­ter­day.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 1,283.70 points, adding 1.82 per­cent to Tues­day’s 1,260.70 points. The large-cap FTSE/ATHEX 25 ex­panded by 1.81 per­cent to end at 421.96 points.

The two-day cor­rec­tion came to an end as in­vestor ex­pec­ta­tions propped up the ma­jor­ity of stocks, even though there is lit­tle in the news to jus­tify their moves. How­ever, the prospects of the do­mes­tic credit sec­tor con­tinue to serve as an at­trac­tion.

The volatile Marfin In­vest­ment group was the blue chip with the big­gest gains (7.99 per­cent), ahead of Jumbo (up 5.52 per­cent) and El­lak­tor (3.79 per­cent). Corinth Pipeworks de­clined 2.38 per­cent while Fri­go­glass gave up 1.57 per­cent.

In to­tal 91 stocks reg­is­tered growth, 57 sus­tained losses and 21 re­mained un­changed.

Turnover reached 113.4 mil­lion eu­ros, up from Tues­day’s 94.5 mil­lion.

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