Al­pha leads bourse higher

Kathimerini English - - Focus -

Al­pha, the Greek stock mar­ket’s best per­form­ing bank in the last 12 months, led blue chips and the bourse bench­mark to a third day of gains yes­ter­day, although the sec­ond bailout re­view’s ea­gerly awaited con­clu­sion did not get any closer.

The Athens Exchange (ATHEX) gen­eral in­dex closed at 633.32 points, adding 0.66 per­cent to Mon­day’s 629.14 points. The large-cap FTSE 25 in­dex ex­panded 0.47 per­cent to end at 1,689.10 points and mid­caps jumped 1.55 per­cent.

The banks in­dex in­creased 1.12 per­cent on the strength of gains posted by Al­pha and, to a lesser de­gree, Eurobank, which rose 3.55 per­cent and 0.85 per­cent re­spec­tively. Na­tional Bank gave up 1.29 per­cent and Pi­raeus con­ceded 1.09 per­cent.

Lamda De­vel­op­ment out­per­formed, with gains of 5.61 per­cent, and Hel­lenic Ex­changes climbed 2.41 per­cent. OPAP de­clined 1.21 per­cent.

In to­tal 66 stocks ended higher, 33 sus­tained losses and 29 closed un­changed.

Turnover amounted to 42.9 mil­lion eu­ros, up from Mon­day’s 32.2 mil­lion.

In Nicosia the gen­eral in­dex of the Cyprus Stock Exchange ad­vanced 0.76 per­cent to close at 66.08 points.

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