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Buyers prevail, bringing more gains for index

The benchmark at the local stock market turned green from the start of Wednesdays session and ended the day with gains of 1.82 percent, following two days of losses at the start of the week. The upward momentum observed on global markets certainly helped on the day.

The Athens Exchange (ATHEX) general index closed at 1,283.70 points, adding 1.82 percent to Tuesdays 1,260.70 points. The large-cap FTSE/ATHEX 25 expanded by 1.81 percent to end at 421.96 points.

The two-day correction came to an end as investor expectations propped up the majority of stocks, even though there is little in the news to justify their moves. However, the prospects of the domestic credit sector continue to serve as an attraction.

The volatile Marfin Investment group was the blue chip with the biggest gains (7.99 percent), ahead of Jumbo (up 5.52 percent) and Ellaktor (3.79 percent). Corinth Pipeworks declined 2.38 percent while Frigoglass gave up 1.57 percent.

In total 91 stocks registered growth, 57 sustained losses and 21 remained unchanged.

Turnover reached 113.4 million euros, up from Tuesdays 94.5 million.

ekathimerini.com , Wednesday Jan 15, 2014 (20:11)  
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