BUSINESS

ATHEX: Remarkable rise for main index

TAGS: Stocks

Piraeus Bank’s positive results announced on Tuesday evening, the good feeling created by Barack Obama’s visit and the statements by Eurogroup chief Jeroen Dijsselbloem on bringing the debt issue to the negotiating table served to boost most Greek stocks on Wednesday.

The Athens Exchange (ATHEX) general index closed at 592.26 points, adding 2.44 percent to Tuesday’s 578.17 points. The large-cap FTSE 25 index expanded 3.03 percent to 1,572.78 points.

The upward momentum is likely to continue on Thursday given the favorable figures released late on Wednesday by Eurobank, in spite of the southbound course of other European markets.

Banks jumped 6.70 percent, driven by Piraeus, which soared 12.86 percent. Eurobank advanced 8.74 percent, Alpha gained 4.55 percent and National strengthened 4.44 percent.

Jumbo rose 5.60 percent, Hellenic Petroleum improved 4.12 percent and EYDAP increased 3.65 percent. Lamda Development was the only blue chip to head lower, giving up 1.28 percent.

In total 67 stocks registered gains, 24 sustained losses and 15 ended unchanged.

Turnover amounted to 51.9 million euros, up from Tuesday’s 36.3 million.

In Nicosia the general index of the Cyprus Stock Exchange declined 0.33 percent to close at 66.16 points.

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