Stocks climb as in­vestors put money on rating up­grade

Kathimerini English - - Focus -

Ris­ing for a third ses­sion in as many days, the gains posted by the Greek bourse bench­mark were more con­vinc­ing yes­ter­day, even though stocks were split be­tween win­ners and losers and turnover re­mained low. Banks led the blue chip in­dex higher, with traders ex­pect­ing a sovereign credit rating up­grade by Moody’s this Fri­day.

The Athens Ex­change (ATHEX) gen­eral in­dex closed at 755.03 points, adding 0.65 per­cent to Mon­day’s 750.17 points. The large-cap FTSE26 in­dex ex­panded 0.77 per­cent to close at 1,948.02 points, while small­caps con­tracted 0.82 per­cent.

Banks ad­vanced 2.88 per­cent. Al­pha jumped 3.77 per­cent, Eurobank as­cended 2.59 per­cent, Pi­raeus rose 2.47 per­cent and Na­tional 2.12 per­cent. Mo­tor Oil was up 2.94 per­cent, while Vio­halco fell 1.61 per­cent.

In to­tal 47 stocks rose, 46 headed south and 22 were un­changed. Turnover came to 43.4 mil­lion euros, up from Mon­day’s 38.8 mil­lion.

The gen­eral in­dex of the Cyprus Stock Ex­change in Ni­cosia grew 0.23 per­cent to 73.45 points.

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