BUSINESS

Fifth day of stock rise sees index gains add up to over 10 pct

The Bloomberg report on the likely easing of Greek debt terms gave a major push to Greek stocks on Wednesday, bringing about the fifth straight day of growth for the benchmark index, that has accumulated gains of just over 10 percent compared with the previous Wednesday. Therefore the local bourse has once again bucked the international trend toward losses.

The Athens Exchange (ATHEX) general index closed at 1,240.11 points, adding 2.27 percent to Tuesday’s 1,212.60 points. The large-cap FTSE/ATHEX 25 expanded 2.19 percent to 403.63 points, but the small-cap index grew by no more than 0.09 percent.

All but three blue chips headed northward, led by Hellenic Exchanges (up 5.16 percent), OTE telecom (5.13 percent) and Ellaktor (4.71 percent). Titan Cement declined by 1.43 percent.

In total 80 stocks enjoyed gains, 55 posted losses and 20 stayed unchanged.

Turnover amounted to 127.7 million euros, almost twice as much as Tuesday’s 65.9 million.

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