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)
