BUSINESS

Healthy rise leads index to level unseen in 30 months

Foreign investors managed to turn things around at the Greek bourse on Tuesday. After a morning dominated by losses, the benchmark index climbed to a 30-month high, as the market’s strong players appear to be backing the government’s claim that 2014 will be the year that Greece bounces back.

The ATHEX general index fell as low as 1,193 points in early trade but recovered to close at 1,238.06 points, adding 2.70 percent to Friday’s 1,205.51 points. The large-cap FTSE/ATHEX 25 expanded 2.65 percent to end at 407.02 points.

Piraeus Bank outperformed, adding 6.62 percent, followed by Terna Energy (up 5.83 percent) and Jumbo (5.75 percent). National Bank gave up 1.95 percent.

In total 84 stocks recorded gains, 44 posted losses and 18 remained unchanged.

Turnover amounted to 88.9 million euros, up from last Friday’s 40.2 million.

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