ECONOMY

Bourse ends seven-session slide

After seven consecutive southbound sessions, the Greek bourse covered some of the ground lost with across-the-board gains on Wednesday, led by interest in banks and OTE telecom.

The Athens Exchange (ATHEX) general index ended at 1,528.67 points, growing by 2.63 percent from Tuesday?s close at 1,489.46 points. The blue chip FTSE/ATHEX 20 index expanded by 3.08 percent to end at 702.61 points.

Piraeus Bank led the blue chips with gains of 7.03 percent, ahead of Alpha Bank (up 5.50 percent), Hellenic Postbank (5.40 percent) and OTE (5.19 percent).

ATEbank suffered losses of 8.96, while Jumbo and Motor Oil declined by 1.55 percent and 1.45 percent respectively.

In total, 96 stocks moved up, 61 went down and 50 remained unchanged. Reds led the gainers, registering growth of 15.25 percent, while Technical Publications posted the biggest loss, amounting to 19.35 percent.

Turnover came to 115.3 million euros, from 79.9 million on Tuesday.

The share of foreign investors in the local market?s capitalization dropped in March to 50.24 percent from 51.20 percent in February and from 50.30 percent in March 2010.

Greeks were net buyers in March with a capital inflow of 302.3 million euros.

Notably, March trading data showed an 11 percent decline in transactions from February, with trading volume coming to 2,622.54 million euros.