Banks help jump-start the market

TAGS: Stocks

The Athens stock market showed gains throughout Tuesday’s session, with bank stocks attracting most investor interest.

The ATHEX general index closed at 643.98 points, an advance of 1.08%. Way more interesting was the big leap in turnover, to €35.758 million, or 66.8% higher than Monday. Volume was 22,458,005 shares.

Blue chips climbed 0.96%, while mid-caps rose 0.92%.

Of the 120 traded stocks, 64 ended with gains, 35 with losses and 21 with no change.

Among blue chips, the top gainers were Aegean Airlines (5.71%), National Bank (5.69%), Alpha Bank (5.29%), Piraeus Bank (4.44%) and Motor Oil (4.31%). The top losers were PPC (1.19%), Hellenic Exchanges (1.04%), OTE Telecom (0.89%) and toy retailer Jumbo (0.69%).

Among the sectoral indices, banks did best (+3.81%), followed by commerce (2.56%). The biggest losses were posted by telecommunications (0.82%) and technology (0.30%).

The greatest trading volume was recorded by Eurobank (6,883,689 shares) and Alpha Bank (5,595,030). OTE had the highest turnover (€7.657 million), followed by Alpha Bank (€3.049 million).