Banks in­dex rises 5.5 pct at ATHEX

Kathimerini English - - Focus -

In­vestors ap­peared sat­is­fied with the gov­ern­ment’s draft law on the banks’ re­cap­i­tal­iza­tion, with the credit sec­tor in­dex post­ing gains of 5.52 per­cent and ris­ing stocks out­num­ber­ing their south­bound coun­ter­parts by two to one in yes­ter­day’s ses­sion at the Greek bourse.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 693.10 points, adding 1.17 per­cent to Mon­day’s 685.11 points. The large-cap FTSE 25 in­dex ex­panded 1.03 per­cent to end at 207.51 points.

Yes­ter­day’s was the fourth con­sec­u­tive ses­sion that the banks in­dex en­joyed gains, which came up to 25.35 per­cent. Pi­raeus Bank rose 8 per­cent, Na­tional grew 5.54 per­cent and Al­pha ad­vanced 5.19 per­cent.

An­other note­wor­thy fea­ture of yes­ter­day’s ses­sion was the buy­ing in­ter­est shown in non-bank­ing chips, such as EYDAP (up 7.96 per­cent), Lamda De­vel­op­ment (4.73 per­cent), El­lak­tor (4.12 per­cent) and Hel­lenic Petroleum (3.02 per­cent). OTE telecom was one of only four blue chips that headed down, as it lost 1.61 per­cent.

In to­tal 55 stocks recorded gains, 27 sus­tained losses and 15 closed un­changed.

Turnover amounted to 25.8 mil­lion eu­ros, up from Mon­day’s 24.1 mil­lion.

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