Trader hopes give boost to lo­cal stocks

Kathimerini English - - Front Page -

Ex­pec­ta­tions from the visit of US Trea­sury Sec­re­tary Jack Lew in Athens to­day and pos­i­tive signs sug­gest­ing an eas­ing of cap­i­tal con­trols gave the Greek stock mar­ket a boost yesterday, with no­table gains in its bench­mark af­ter two days of losses. The level of trad­ing was also raised sig­nif­i­cantly by a pack­age trans­ac­tion con­cern­ing Hel­lenic Pe­tro­leum shares, which ac­counted for 46 per­cent of the day’s en­tire vol­ume.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 563.75 points – the day’s high­est level – adding 1.53 per­cent to Mon­day’s 555.26 points. The large-cap FTSE 25 in­dex ex­panded 1.41 per­cent to end at 1,526.69 points.

Banks rose 2.25 per­cent but rather than pro­tag­o­nists they were the also-runs yesterday in a ses­sion dom­i­nated by the rise of Folli Fol­lie (up 4.28 per­cent) and Hel­lenic Pe­tro­leum (3.43 per­cent). Na­tional Bank gained 3.16 per­cent and Myti­li­neos grabbed 2.93 per­cent, while OTE tele­com gave up 0.69 per­cent.

In to­tal 52 stocks en­joyed gains, 29 sus­tained losses and 21 re­mained un­changed.

Turnover amounted to 48.9 mil­lion eu­ros, up from Mon­day’s year­low of 24.2 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change ad­vanced 1.09 per­cent to close at 65.83 points.

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