ECONOMY

Stocks hit 6-month high but Coca-Cola Hellenic dips

Greek stocks advanced on Thursday, reaching a six-month high, but failed to hold on to the 1,700-point psychological mark.

The Athens bourse?s benchmark general index rose 1.24 percent to 1,690.58 points, touching an intra-session high of 1,702 points. The blue chip FTSE/ATHEX 20 index rose 1.58 percent to end at 793.59 points.

Coca-Cola Hellenic, the world?s second-biggest Coke drinks bottler, dipped 1.20 percent to 21.40 euros. Before the start of trade, the company said fourth-quarter profit increased to 20.1 million euros, from 3.1 million a year earlier, as improved trading conditions in countries such as Russia offset weaker economies in Greece and Ireland.

Analysts were expecting a figure of 25.6 million euros, according to a Bloomberg poll.

Banks also performed well, rising 1.94 percent.

Alpha Bank gained 3 percent to 4.80 euros and Eurobank EFG moved 2.15 percent higher to 4.76 euros. Marfin Investment Group soared 20 percent to 0.90 euros.

The mid-cap FTSE/ATHEX 40 index outperformed, rising 2.09 percent.

Turnover reached 164.1 million euros versus 134 million in the previous session.