ECONOMY

Stocks register gains of 2.16 pct

Greek stocks rose on Tuesday despite most bourses on both sides of the Atlantic posting losses, as investors realize the local market is particularly undervalued and bank stocks offer the chance of making short-term capital gains.

However, the low turnover suggested that many investors are still on vacation.

The Athens Exchange (ATHEX) general index ended at 1,012.52 points, expanding by 2.16 percent from last Friday?s closing figure of 991.14 points. The blue chip FTSE/ATHEX 20 index grew by 1.72 percent to end at 436.75 points.

Coca-Cola HBC continued to lead blue chips with gains of 7.05 percent, followed by Public Power Corporation (up 5.98 percent).

In total, 65 stocks moved up, 56 went down and 48 remained unchanged.

Turnover came to just 47.7 million euros, against 54 million last Friday.