The main index of the Athens bourse rose on Wednesday to its highest point since the outbreak of the war in Ukraine, thanks to a combination of factors such as expectations regarding the minimum wage increase that was announced later in the day, the drop in bond yields and a series of corporate transactions and results issued. Banks led the way higher, while turnover was boosted by a Mytilineos share package transfer.
The Athens Exchange (ATHEX) general index closed at 940.69 points, adding 1.54% to Tuesday’s 926.41 points. The large-cap FTSE-25 index expanded 1.88%, ending at 2,285.42 points.
The banks index soared 4.90%, with Piraeus (up 8.21%) and Alpha (7.12%) standing out, as Eurobank earned 3.72% and National collected 2.52%.
Coca-Cola HBC rose 4.01% ElvalHalcor was up 3.18% and Aegean Airlines advanced 2.40%, but Jumbo declined 4.46%.
In total 69 stocks reported gains, 28 sustained losses and 18 remained unchanged.
Turnover amounted to 185 million euros, up from Tuesday’s €101.5 million.
In Nicosia the general index of the Cyprus Stock Exchange increased 1.53% to close at 69.17 points.