Banks pro­pel bench­mark to high­est point in 5 months

Kathimerini English - - Focus -

The Athens bourse­was bol­stered yes­ter­day by a Moody’s re­port that up­graded the outlook on the Greek bank sec­tor. The bench­mark climbed to a new five-month high and banks jumped 7.16 per­cent.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 631.21 points, adding 2.50 per­cent to Mon­day’s 615.83 points. The large-cap FTSE 25 in­dex ex­panded 3.25 per­cent to 1,716.36 points.

Bank stocks con­tin­ued their spec­tac­u­lar Novem­ber, with Pi­raeus soar­ing 11.11 per­cent, Na­tional ad­vanc­ing 8.61 per­cent, Eurobank grab­bing 6.67 per­cent and Al­pha im­prov­ing 5 per­cent.

Else­where Pub­lic Power Cor­po­ra­tion in­creased 7.84 per­cent, Mo­tor Oil grew 5.83 per­cent and Hel­lenic Pe­tro­leum rose 4.46 per­cent. El­lak­tor and OTE were the only blue chips to head lower, drop­ping 2.46 per­cent and 0.71 per­cent re­spec­tively.

In to­tal 69 stocks posted gains, 41 took losses and 16 ended un­changed.

Turnover amounted to 85.1 mil­lion eu­ros, up from Mon­day’s 70.3 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change fell 0.94 per­cent to close at 65.62 points.

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