Bourse climbs fur­ther hop­ing for the best

Kathimerini English - - Focus -

The bench­mark of the Greek bourse climbed to a new 26-month high yes­ter­day with con­sid­er­able gains for most stocks, as the mar­ket ap­pears to be pur­su­ing self-feed­ing growth that will lead it to higher ground, given that there is hardly any sub­stan­tial news to boost in­vestor sen­ti­ment.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 841.34 points, adding 1.87 per­cent to Tuesday’s 825.89 points. The large-cap FTSE-26 in­dex ex­panded 1.61 per­cent to 2,188.50 points.

Helped by re­ports of the up­com­ing sale of banks’ sub­sidiaries and as­sets, the sec­tor’s in­dex posted healthy growth of 2.80 per­cent, with Pi­raeus ris­ing 3.62 per­cent, Eurobank ad­vanc­ing 2.99 per­cent, Na­tional as­cend­ing 2.91 per­cent and Al­pha im­prov­ing 2.29 per­cent.

Pub­lic Power Cor­po­ra­tion out­per­formed with its 5.45 per­cent rise, fol­lowed by Lamda De­vel­op­ment (up 4.25 per­cent).

In to­tal 92 stocks re­ported gains, 23 reg­is­tered losses and 23 re­mained un­changed.

Turnover amounted to 78.8 mil­lion eu­ros, down from Tuesday’s 227.6 mil­lion.

In Ni­cosia the gen­eral in­dex of the Cyprus Stock Ex­change de­creased 1.03 per­cent to 76.03 points.

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