ECONOMY

Stocks trim gains but end higher

Greek stocks ended 0.48 percent higher on Wednesday, trimming mid-session gains, after lawmakers in Parliament approved the government?s midterm plan, which introduces a 28-billion-euro austerity plan.

The Athens bourse?s benchmark general index closed at 1,264.85 points, touching an intra-session high of 1,299 points.

The blue chip FTSE/ATHEX 20 index ended almost unchanged, off 0.01 percent, at 567.05 points.

The mid-cap FTSE/ATHEX 40 index outperformed, adding 1.90 percent to 1,194.79 points.

Banks dipped 0.73 percent. National Bank gave up 1.84 percent to 4.81 euros and Eurobank EFG retreated 1.53 percent to 3.21 euros.

Alpha Bank added 1.17 percent to 3.46 euros and Marfin Investment Group ended unchanged at 0.64 euros.

State-controlled power company PPC, which the government plans to sell a 17 percent stake in, climbed 3.33 percent to 9.61 euros and betting company OPAP rose 1.37 percent to 10.34 euros.

Jewelry retailer Folli Follie jumped 4.30 percent to 9.70 euros and OTE telecom moved ahead 1.64 percent to 6.18 euros.

Turnover rose to 126.7 million euros from 84.1 million euros in the previous session.