ATHEX: Stocks break three-day losing streak

TAGS: Stocks

After heading south in the previous three sessions, Greek stocks in Athens reversed course on Wednesday, with most ending up in the black and the benchmark reclaiming the 800-point level it had lost on Tuesday. The expected reopening of the retail market is seen as a catalyst for some short-term gains in the coming days.

The Athens Exchange (ATHEX) general index ended at 802.19 points, adding 0.69% to Tuesday’s 796.73 points. The large-cap FTSE 25 index expanded 0.64% to close at 1,911.91 points.

The banks index advanced 1.63%, following five consecutive sessions of losses, as Alpha grabbed 3.26%, National earned 1.33%, Piraeus collected 1.31% and Eurobank edged up 0.62%.

Ellaktor continues to ride a price roller coaster due to the listed company’s internal wrangling, with its stock soaring 6.43%. Terna Energy followed with 5.85% growth, while Jumbo fell 2.76%.

In total 62 stocks registered gains, 42 endured losses and 19 remained unchanged.

Turnover amounted to 49.7 million euros, up from Tuesday’s €44.9 million.

In Nicosia, the general index of the Cyprus Stock Exchange increased 0.79% to close at 56.11 points.