Stocks re­cover on ESM news

Kathimerini English - - Focus -

The Euro­pean Sta­bil­ity Mech­a­nism’s de­ci­sion to un­freeze short-term debt light­en­ing mea­sures for Greece, and the seven con­sec­u­tive ses­sions of de­cline for the banks in­dex fu­eled a sig­nif­i­cant up­turn yes­ter­day both in stock prices and turnover.

The Athens Ex­change (ATHEX) gen­eral in­dex ended at 646.51 points, adding 1.13 per­cent to Mon­day’s 639.27 points. The large-cap FTSE 25 in­dex ex­panded 0.98 per­cent to close at 1,729.83 points.

The banks in­dex re­cov­ered from to­tal losses of 10.62 per­cent in the pre­vi­ous seven days to rise 2.26 per­cent, led by Pi­raeus (up 3.63 per­cent) and Eurobank (3.20 per­cent). Na­tional climbed 2.55 per­cent and Al­pha strength­ened 1.11 per­cent.

El­lak­tor ad­vanced 2.63 per­cent and PPC im­proved 2.48 per­cent, while Saran­tis gave up 1.14 per­cent.

In to­tal 65 stocks recorded gains, 40 re­ported losses and 17 closed un­changed.

Turnover amounted to 45.3 mil­lion eu­ros, more than dou­ble Mon­day’s 22.3 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change con­ceded 1.61 per­cent to close at 69.18 points.

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