Banks in­dex up 7.6 per­cent on op­ti­mism

Kathimerini English - - Front Page -

A pretty good feel­ing that the re­sults of the banks’ stress tests will trans­late into man­age­able cap­i­tal re­quire­ments led to ma­jor gains for bank chips yes­ter­day, and the Greek bourse closed with no­table growth for the bench­mark ahead of to­day’s na­tional hol­i­day.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 727.38 points, adding 1.30 per­cent to Mon­day’s 718.04 points. The large-cap FTSE 25 in­dex ex­panded 1.15 per­cent end­ing at 219.71 points.

An op­ti­mistic state­ment re­gard­ing the stress tests by a se­nior Bank of Greece of­fi­cial to Reuters sent the banks in­dex up 7.61 per­cent, with by Eurobank lead­ing the way(up 9.68 per­cent). Pi­raeus gained 8.70 per­cent, Na­tional in­creased 8.45 per­cent and Al­pha rose 4.51 per­cent.

Among non-bank blue chips, GEK Terna out­per­formed with a 5.88 per­cent in­crease, El­lak­tor jumped 5.41 per­cent and Hel­lenic Ex­changes rose 3.61 per­cent. OTE telecom (down 1.53 per­cent) and Coca-Cola HBC (0.96 per­cent) spent the en­tire day in the red.

In to­tal 60 stocks re­ported gains, 29 sus­tained losses and 20 re­mained un­changed.

Turnover amounted to 39.1 mil­lion eu­ros, up from Mon­day’s 35.3 mil­lion.

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