BUSINESS

ATHEX: Bill’s approval buoys bourse benchmark to new year-high

TAGS: Stocks

Sunday’s approval by Parliament of the last prior actions required for the disbursement of the bailout tranche by Tuesday’s Eurogroup took the benchmark of the Greek bourse to a new year-high on Monday, with bank stocks accounting for over 88 percent of the day’s increased trading volume.

The Athens Exchange (ATHEX) general index closed at 649.10 points, adding 1.50 percent to Friday’s 639.48 points. The large-cap FTSE 25 index expanded 1.92 percent to end at 185.67 points, and small-caps fell 1.10 percent.

The banks index expanded 5.04 percent on the gains of National (6.80 percent), Eurobank (6.36 percent), Alpha (4.31 percent) and Piraeus (3.74 percent). Hellenic Petroleum rose 2.75 percent and Jumbo declined 3 percent.

In total 53 stocks posted gains, 42 suffered losses and 21 ended unchanged.

Turnover was the highest of the last nine sessions, amounting to 170.2 million euros, up from last Friday’s 141.1 million.

In Nicosia the general index of the Cyprus Stock Exchange advanced 0.34 percent to close at 68.09 points.

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