ECONOMY

Stocks rebound, add 1.2 pct on bank lead

Greek stocks rebounded on Tuesday, advancing 1.25 percent on bank gains despite weak performances on major European peers.

The Athens bourse?s benchmark general index ended at 1,346.87 points, just off a session high.

The blue chip FTSE/ATHEX 20 index gained 2.04 percent to 604.03 points. Banks jumped 3.77 percent.

EFG Eurobank rose 6.56 percent to 3.41 euros and National Bank firmed 4.27 percent to 4.88 euros. Piraeus Bank advanced 1.98 percent to 1.03 euros and peer Alpha moved ahead 4.89 percent to 3.65 euros.

Betting company OPAP rose 1.81 percent to 13.50 euros after plunging by more than eight percent on Monday.

OTE telecom ended at 6.97 euros, up 1.16 percent, and power utility PPC inched ahead 0.29 percent to 10.41 euros.

Construction group Ellaktor underperformed, slipping 3.07 percent to 2.53 euros.

Hellenic Exchanges, which reported an expected six percent drop in first quarter group net profit of 9.2 million euros, advanced 3.29 percent to 5.02 euros.

Turnover reached 67 million euros, versus 61 million previously.