ECONOMY

Blue chips jump 3.44 pct higher on Eureka plan news

Bolstered by a proposal by Roland Berger Strategy Consultants titled Eureka, a six-step plan for Greece to exit its economic crisis, the local stock market enjoyed a second day of gains Wednesday, most of which went to blue chips.

The Athens Exchange general index ended at 809.94 points, climbing 2.37 percent from Tuesday?s closing figure of 791.19. The blue chip FTSE/ATHEX 20 index rose 3.44 percent to 335.42 points, while the mid-cap index saw marginal gains of 0.39 percent.

The Eureka plan, which provides for state assets worth a total 125 billion euros to go into a holding company that will be sold to the European Union for the same amount, bolstered bank stocks in particular; their sectoral index rose 6.58 percent. In total, 78 stocks moved up, 58 went down and 37 remained unchanged. Turnover came to 53.7 million euros.