Bourse senses troika deal is nigh, index adds 5 pct
Investors at the Greek bourse appeared on Tuesday to have already factored in an agreement between the government and its creditors, embarking on a buying spree in construction and bank stocks that even surprised some stockbrokers.
The Athens Exchange (ATHEX) general index ended at 780.94 points, soaring 5.37 percent from Monday’s 744.42 points. The blue chip FTSE/ATHEX 20 index expanded 5.37 percent, to close at 284.34 points.
All but one of the blue chips headed north, led by Ellaktor (up 14.29 percent), Eurobank Ergasias (10.89 percent) and Bank of Cyprus (10.50 percent). Titan gave up 0.07 percent.
In total, 102 stocks secured gains, 39 registered losses and 26 remained unchanged.
Turnover came to 67 million euros, up from Monday’s 43.8 million.