Stocks buck seven-session trend, top 1,500

Stocks rose yesterday, breaking a seven-session losing streak to five-year lows, with investors cheered by stronger European bourses and quick to pick up battered Greek blue chips. The Athens benchmark general index regained the 1,500-point mark, adding 1.93 percent to 1,506.43 points. «The market had a technical rebound which was expected after the slide. What’s positive is that it closed near session highs, which leaves some hope for a continuation tomorrow,» said analyst Christos Skroumas at Merit Securities. Blue chips rose 2.32 percent to 732.95 points and mid-caps gained 2.03 percent. Small-caps rose 2.14 percent. Bourse newcomer Sarandis, a maker of traditional Greek sweets, slumped 27.62 percent to 0.76 euros on its debut on the bourse’s small-cap market. Turnover was 68.44 million euros, with 20.9 million shares changing hands. Winners beat losers 270 to 48, with 38 shares unchanged on 356 traded. (Reuters)

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.