BUSINESS

ΑΤΗΕΧ: Benchmark hits new high

TAGS: Stocks

The fresh rise in stock prices on Thursday, on optimism about the completion of the bailout review and a favorable Morgan Stanley report on OTE and the Greek economy in general, took the benchmark to the highest level seen since the end of 2015. Hopes of progress at Thursday night’s Euro Working Group also buoyed prices.

The Athens Exchange (ATHEX) general index closed at 632.75 points, adding 2.21 percent to Wednesday’s 619.06 points. The large-cap FTSE 25 index expanded 2.54 percent to end at 178.01 points.

The banks index climbed 3.91 percent, with Eurobank leading the way (up 7.14 percent), followed by Piraeus (5.80 percent), National (2.35 percent) and Alpha (1.79 percent).

OTE telecom posted 5.87 percent growth, Viohalco was up 5.52 percent and Folli Follie added 4.86 percent, while Public Power Corporation contracted 2.85 percent and Grivalia Properties fell 1.18 percent.

In total 69 stocks notched up gains, 34 suffered losses and 18 remained unchanged.

Turnover came to 94.5 million euros, up from Wednesday’s 91.6 million.

In Nicosia the general index of the Cyprus Stock Exchange increased 0.63 percent to close at 67 points.

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