Sell-off news halts stock drop

After 11< consecutive losing sessions, Greek stocks finally registered a day of moderate gains on Tuesday, but the small turnover confirms that this was a mere correction.

News about developments in the privatization process however did offer a slight boost to the market.

The Athens Exchange (ATHEX) general index ended at 1,187.74 points, adding 1.37 percent to Monday?s close at 1,171.70 points. The blue chip FTSE/ATHEX 20 index expanded by 1.42 percent to end at 515.41 points.

Most blue chips had a rare day of growth, led by Mytilineos (up 4.10 percent), Eurobank EFG (3.47 percent), Coca-Cola HBC (3.45 percent) and Bank of Cyprus (3.18 percent). Heading south were Jumbo (down 2.20 percent), Public Power Corporation (2.09 percent) and Marfin Investment Group (1.92 percent).

In total, 85 stocks moved up, 44 went down and 46 remained unchanged.

Nakas Music Stores posted the highest gains, adding 9.68 percent, while Technical Publications was the worst off with a 9.76 percent drop.

Turnover came to 64.9 million euros on Tuesday, compared to 62.6 million euros on Monday.