Op­ti­mism at lo­cal bourse grows stronger

Kathimerini English - - Focus -

The bench­markof the Greek stock ex­change has added more than 8 per­cent in just two ses­sions, climb­ing almost 40 points yes­ter­day on re­ports that the gov­ern­ment is close to reach­ing a deal with its cred­i­tors and that in­ter­na­tional credit rat­ing agen­cies are about to up­grade Greece. Hedge funds are also un­der­stood to be adding some win­dow dress­ing to their port­fo­lios ahead of the end of their fis­cal year next week.

The Athens Ex­change (ATHEX) gen­eral in­dex reached 954.69 points, adding 4.20 per­cent to Tues­day’s 916.19 points (and climb­ing more than nine points in the clos­ing auc­tions alone). The large-cap FTSE/ATHEX 25 in­dex ex­panded 4.17 per­cent to 308.59 points.

Ti­tan Ce­ment beat other blue chips in the race for the high­est growth, as it rose by 7.71 per­cent, ahead of Jumbo (up 7.53 per­cent), Pi­raeus Bank (7.21 per­cent) and Folli Fol­lie (7.19 per­cent). Coca-Cola was the only large-cap to fall, at the mar­ginal rate of 0.06 per­cent, while In­tralot closed with­out change.

In to­tal 77 stocks en­joyed gains, 41 sus­tained losses and 20 re­mained un­changed.

Turnover amounted to 89.7 mil­lion euros, up from Tues­day’s 86.2 mil­lion.

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