Greek stocks end sharply higher
Greek stocks ended sharply higher in the Athens Stock Exchange on Monday led by bank shares which were at the epicenter of buying interest in the aftermath of the release of a stress test result for Greek banks which showed that capital needs were manageable.
The composite index of the market jumped 3.08 pct to end at 722.80 points. The Large Cap index rose 3.60 pct and the Mid Cap index ended 0.91 pct higher. Turnover was an improved 45.99 million euros with volume at 391,098,064. The market’s capitalisation grew by 1.5 billion euros compared with Friday.
Eurobank (29.03 pct), Alpha Bank (28.70 pct), Piraeus Bank (18.28 pct), National Bank (7.67 pct) and Ellaktor (5.62 pct) scored the biggest percentage gains of the day among blue chip stocks, while Lamda Development (1.92 pct) and Folli Follie (0.33 pct) were the only blue chips to end lower.
Among market sectors, Banks (16.05 pct), Financial Services (5.46 pct) and Insurance (5.33 pct) scored big gains, while Chemicals (2.90 pct), Real Estate (0.57 pct) and Commerce (0.35 pct) suffered losses.
Broadly, advancers led decliners by 72 to 25 with another 20 issues unchanged. Audiovisual (29.79 pct), Kekrops (29.60 pct) and Eurobank (29.03 pct) were top gainers, while Attica Bank (13.33 pct), Nikas (11.39 pct) and Newsphone Hellas (10 pct) were top losers.
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