ECONOMY

Bourse stays northbound

Greek stocks went up for the second day in a row on Wednesday, but observers expressed worries about the sustainability of the recent gains given the unstable fiscal environment and the low turnover registered once again at the end of the session.

The Athens Exchange (ATHEX) general index ended at 1,531.04 points, growing by 1.65 percent from Tuesday?s close at 1,506.25 points. The blue chip FTSE/ATHEX 20 index expanded by 1.95 percent to end at 702.40 points.

All but three blue chips posted gains on Wednesday, with OPAP gained 3.60 percent, National Bank rose above the 6-euro level to 6.15 euros with a 3.19 percent daily rise, while Piraeus Bank added 3.03 percent. Meanwhile, Alpha Bank dropped by 0.44 percent, Jumbo lost 0.20 percent and Marfin Investment Group stayed put.

In total, 89 stocks moved up, 56 went down and 53 remained unchanged.

Turnover came to 74 million euros, up from 71.8 million on Tuesday.