ATHEX: Strong gains on fourth day of advance

ATHEX: Strong gains on fourth day of advance

The explosive mix of the resumption of Russian gas transmission in central Europe, the Italian government crisis and the 50-basis point hike of the European Central Bank’s reference rates saw the Greek stock market rise for a fourth consecutive session, a sequence unseen in the last couple of months. Banks were the clear stars of the day on Thursday, but once again trading volume left a lot to be desired.

The Athens Exchange (ATHEX) general index closed at 826.11 points, adding 1.32% to Wednesday’s 815.32 points. The large-cap FTSE-25 index expanded 1.87% to close at 1,985.15 points.

The banks index soared 5%, as National jumped 6.02%, Eurobank fetched 5.82%, Alpha improved 3.74% and Piraeus collected 2.79%. Public Power Corporation earned 5.32% and Mytilineos augmented 3.74%, while Quest Holdings parted with 1.56%.

In total 57 stocks obtained gains, 34 took losses and 26 remained unchanged.

Turnover amounted to 49 million euros, down from Wednesday’s €52.1 million.

In Nicosia, the general index of the Cyprus Stock Exchange increased 0.93% to close at 67.05 points.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.