Greek stocks bucked the prevalent trend among European markets Wednesday, posting gains on news that the FTSE had retained the Athens Exchange?s developed market status and speculation that Greece?s international creditors would eventually approve the next bailout tranche.
The Athens Exchange (ATHEX) general index gained 1.40 percent, closing at 855.99 points in thin trade. Most of the upward push was accounted for by a few blue chips, notably Coca-Cola HBC, which surged 7.34 percent to 13.60 euros. Bank of Cyprus gained 1.52 percent to 1.34 euros and gaming firm OPAP added 0.88 percent to 3.07 euros. Alpha Bank emded 1.27 percent higher, at 1.59 euros.
Turnover slid to 45.1 million euros, as 42 stocks advanced, 66 went down and 55 remained unchanged.