Re­mark­able rise for main ATHEX in­dex

Kathimerini English - - Focus -

Pi­raeus Bank’s pos­i­tive re­sults an­nounced Tues­day evening, the good feel­ing cre­ated by Barack Obama’s visit and the state­ments by Eurogroup chief Jeroen Di­js­sel­bloem on bring­ing the debt is­sue to the ne­go­ti­at­ing ta­ble served to boost most Greek stocks yes­ter­day.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 592.26 points, adding 2.44 per­cent to Tues­day’s 578.17 points. The large-cap FTSE 25 in­dex ex­panded 3.03 per­cent to 1,572.78 points.

The up­ward mo­men­tum is likely to con­tinue to­day given the fa­vor­able fig­ures re­leased last night by Eurobank, in spite of the south­bound course of other Euro­pean mar­kets.

Banks jumped 6.70 per­cent, driven by Pi­raeus, which soared 12.86 per­cent. Eurobank ad­vanced 8.74 per­cent, Al­pha gained 4.55 per­cent and Na­tional strength­ened 4.44 per­cent.

Jumbo rose 5.60 per­cent, Hel­lenic Pe­tro­leum im­proved 4.12 per­cent and EYDAP in­creased 3.65 per­cent. Lamda De­vel­op­ment was the only blue chip to head lower, giv­ing up 1.28 per­cent.

In to­tal 67 stocks reg­is­tered gains, 24 sus­tained losses and 15 ended un­changed.

Turnover amounted to 51.9 mil­lion eu­ros, up from Tues­day’s 36.3 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change de­clined 0.33 per­cent to close at 66.16 points.

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