BUSINESS

ATHEX: Banking and power stocks boost the Greek bourse

TAGS: Stocks

Most Greek stocks registered gains at the end of Tuesday’s trading session, helped by the expected leniency of the European Central Bank on future provisions of eurozone lenders and the apparent agreement between Athens and Brussels on the sale of lignite-powered units that saw PPC’s stock climb 5 percent and ADMIE Holdings grow 5.75 percent.

The Athens Exchange (ATHEX) general index ended at 721.67 points, adding 1.61 percent to Monday’s 710.27 points. The large-cap FTSE-26 index expanded 1.41 percent to close at 1,892.11 points, while small-caps contracted 1.86 percent.

The banks index jumped 4.37 percent, driven higher mainly by Alpha, which rose 7.14 percent. Attica ascended 4.35 percent, National advanced 3.80 percent, Eurobank increased 2.01 percent and Piraeus edged up 0.48 percent.

Other big earners on the day were Piraeus Port Authority (up 5.41 percent), Jumbo (5.38 percent) and Ellaktor (3.45 percent). Sarantis declined 2.32 percent.

In total 62 stocks registered gains, 37 sustained losses and 17 remained unchanged.

Turnover amounted to 69.7 million euros, up from Monday’s 37.6 million.

In Nicosia the general index of the Cyprus Stock Exchange dropped 0.29 percent to 71.43 points.

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