De­vel­op­ments draw in­vestors back to bourse

Kathimerini English - - Focus -

The Greek bourse posted rather more con­vinc­ing stock gains yes­ter­day, with trad­ing vol­ume ris­ing above the sub-50-mil­lion sums so fre­quent of late. The bench­mark’s sixth con­sec­u­tive day of growth was aided by the fa­vor­able sen­ti­ment across the con­ti­nent gen­er­ated by the rapid han­dover of the UK premier­ship to Theresa May.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 559.72 points, adding 1.41 percent to Tues­day’s 551.92 points. The large-cap FTSE 25 in­dex ex­panded 1.87 percent to end at 1,517.03 points. Small-caps de­clined for a sec­ond day in a row, slip­ping 0.19 percent.

The banks in­dex ad­vanced 3.23 percent, tak­ing its ris­ing streak to six ses­sions, with to­tal gains com­ing to 31.8 percent. Eurobank out­per­formed with its 7.24 percent in­crease, ahead of Na­tional (up 3.11 percent), Al­pha (2.29 percent) and Pi­raeus (1.29 percent).

Also among large-caps, Folli Fol­lie climbed 4.41 percent and GEK Terna rose 3.17 percent, while Vio­halco gave up 2.31 percent.

In to­tal 57 stocks reg­is­tered gains, 33 re­ported losses and 15 re­mained un­changed.

Turnover was the high­est of the last nine ses­sions, amount­ing to 78.2 mil­lion euros, up from Tues­day’s 44.3 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change de­creased 0.27 percent to close at 65.44 points.

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