Growth across the board at lo­cal bourse

Kathimerini English - - Focus -

March got off to a pos­i­tive start on the Greek stock mar­ket, as the re­served op­ti­mism that the bailout re­view will even­tu­ally be con­cluded suc­cess­fully was buoyed by Fi­nance Min­is­ter Eu­clid Tsakalo­tos’s state­ment about a staff-level agree­ment by March 20. Trad­ing vol­ume also posted a no­table in­crease.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 656.17 points, adding 1.59 per­cent to Tues­day’s 645.88 points. The large-cap FTSE 25 in­dex ex­panded 1.36 per­cent to 1,751 points and mid-caps out­per­formed, ris­ing 3.37 per­cent.

The banks in­dex ad­vanced 3.89 per­cent, with Na­tional lead­ing the pack with its 5 per­cent as­cent. It was fol­lowed by Al­pha (up 4.09 per­cent), Pi­raeus (3.28 per­cent) and Eurobank (2.70 per­cent). PPC in­creased 3.64 per­cent and Vio­halco im­proved 2.22 per­cent, while Hel­lenic Pe­tro­leum gave up 0.85 per­cent and Coca-Cola HBC fell 0.79 per­cent.

Mid-caps’ growth was largely pow­ered by the 6.51 per­cent rise of Fourlis Hold­ings, which ac­counted for 1.63 mil­lion eu­ros of trad­ing vol­ume.

In to­tal 66 stocks recorded gains, 29 took losses and 27 re­mained un­changed.

Turnover came to 60 mil­lion eu­ros, up from Tues­day’s 43.5 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change dropped 0.80 per­cent to close at 66.01 points.

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