Banks in­dex grows 24 pct in 5 ses­sions

Kathimerini English - - Front Page -

The fifth­con­sec­u­tive ses­sion of gains for the Greek stock bench­mark took it above the 550-point level, al­beit on an­other day of very thin trad­ing. The banks in­dex con­tin­ued on its north­bound course that has seen it add 24.3 per­cent in the last five ses­sions, helped also by a prospec­tive eas­ing of cap­i­tal con­trols and the com­ment by Moody’s that the Greek econ­omy is more sta­ble now that the bailout re­view has been com­pleted.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 551.92 points, adding 0.70 per­cent to Mon­day’s 548.09 points. The large-cap FTSE 25 in­dex ex­panded 1.12 per­cent to end at 1,489.22 points. Small­caps gave up 0.10 per­cent.

Banks rose 2.70 per­cent, with Eurobank climb­ing 4.50 per­cent, Pi­raeus grab­bing 3.33 per­cent and Al­pha up 2.94 per­cent. Public Power Cor­po­ra­tion out­per­formed, gain­ing 4.58 per­cent, while El­lak­tor de­clined 3.45 per­cent and METKA fell 2.51 per­cent.

In to­tal 49 stocks recorded gains, 42 posted losses and 25 re­mained un­changed.

Turnover amounted to 44.3 mil­lion euros, up from Mon­day’s 35.6 mil­lion. In the last five ses­sions to­tal turnover has come to just 193 mil­lion.

In Nicosia the gen­eral in­dex of the Cyprus Stock Ex­change inched up 0.14 per­cent to close at 65.62 points.

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