Blue chips re­bound on new op­ti­mism

Kathimerini English - - Focus -

Blue chips on the Greek stock ex­change all but cov­ered the losses sus­tained in Mon­day’s ses­sion yes­ter­day, as, af­ter a de­clin­ing start, the bench­mark re­bounded to close above 610 points.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 610.60 points, adding 1.08 per­cent to Mon­day’s 604.06 points. The large-cap FTSE 25 in­dex ex­panded 1.47 per­cent to 1,648.78 points, while mid-caps con­tracted 1.35 per­cent.

Ex­pec­ta­tions that the prob­lems in the bailout re­view ne­go­ti­a­tions will be over­come sooner or later and the need for a cor­rec­tion af­ter four straight days of losses for the banks in­dex con­trib­uted to­ward the re­cov­ery of blue chips, al­though the ma­jor­ity of stocks ended up with losses.

The banks in­dex ad­vanced 5.11 per­cent, with Al­pha ris­ing 5.92 per­cent, Eurobank jump­ing 5.61 per­cent, Na­tional grabbing 4.57 per­cent and Pi­raeus in­creas­ing 3.45 per­cent.

Lamda De­vel­op­ment grew 4.62 per­cent, Hel­lenic Petroleum earned 2.64 per­cent and OTE tele­com im­proved 2.31 per­cent, as Ti­tan Ce­ment con­ceded 3.91 per­cent and Hel­lenic Ex­changes lost 2.07 per­cent.

In to­tal 39 stocks reg­is­tered gains, 46 sus­tained losses and 25 re­mained un­changed.

Turnover amounted to 50.9 mil­lion euros, up from Mon­day’s 45.2 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change de­clined 0.40 per­cent to close at 64.39 points.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.