Stocks hit a high un­seen in 14 months

Kathimerini English - - Focus -

The Greek boursebench­mark’s fourth con­sec­u­tive ses­sion of gains led it to the high­est point of the last 14 months yes­ter­day de­spite the ab­sence of any con­crete lo­cal news that would gen­er­ate a fa­vor­able cli­mate for in­vestors. Part of the rise is at­trib­uted to the boost the Euro­pean bank­ing sec­tor re­ceived from the de­ci­sion to put off the ap­pli­ca­tion of the strict Basel Com­mit­tee reg­u­la­tions.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 656.61 points, adding 1.55 per­cent to Mon­day’s 646.61 points. The large-cap FTSE 25 in­dex ex­panded 1.42 per­cent to close at 1,769.69 points. Small-caps jumped 5.82 per­cent as the mar­ket’s pe­riph­ery ap­pears to have got traders’ at­ten­tion for a sec­ond day in a row.

Banks rose 4.44 per­cent, with Na­tional up 6.32 per­cent, Pi­raeus grow­ing 5.66 per­cent and Eurobank ad­vanc­ing 4.60 per­cent, while mid-cap At­tica Bank con­tin­ued its re­cov­ery with an 18.92 per­cent leap.

El­lak­tor im­proved 4.55 per­cent and Vio­halco in­creased 3.82, as Saran­tis fell 1.99 per­cent and Mo­tor Oil lost 1.64 per­cent.

In to­tal 67 stocks recorded gains, 31 took losses and 25 re­mained un­changed.

Turnover amounted to 42.1 mil­lion eu­ros, up from Mon­day’s record low of 10.4 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change re­bounded 0.79 per­cent to close at 66.53 points.

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