BUSINESS

ATHEX: Index reaches a new two-year high

TAGS: Stocks

The benchmark of the Greek bourse has finally risen above the 800-point mark to levels unseen since the imposition of the capital controls two years ago, as traders priced in a deal with the country’s creditors at today’s Eurogroup meeting. The rise in turnover is also testament to the confidence investors feel.

The Athens Exchange (ATHEX) general index closed at 800.97 points on Wednesday, adding 0.48 percent to Tuesday’s 797.13 points. The large-cap FTSE 25 index expanded 0.63 percent to 2,128.02 points, while mid-caps contracted 0.40 percent.

Banks painted a mixed picture, with their index sliding 0.28 percent: Eurobank (+1.05 percent) and National (+0.29 percent) went up while Piraeus (-0.87 percent) and Alpha (-0.91 percent) came down. Hellenic Petroleum outperformed with 4.34 percent growth, followed by Public Power Corporation (up 2.96 percent).

In total 54 stocks recorded gains, 46 took losses and 24 remained unchanged.

Turnover amounted to 114 million euros, up from Tuesday’s 102.5 million.

In Nicosia the general index of the Cyprus Stock Exchange declined 0.37 percent to 75.86 points.

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