ECONOMY

Referendum news bolsters bank stocks

The government?s decision to call off the referendum on the October 27 eurozone agreement bolstered shares on the Greek bourse on Thursday, although the early high gains largely evaporated later in the session.

The Athens Exchange (ATHEX) general index ended at 759.50 points, rebounding by 1.86 percent from Wednesday?s closing figure of 745.64 points.

The blue chip FTSE/ATHEX 20 index grew by 2.83 percent to close at 295.88 points.

Banks soared, led by Hellenic Postbank (up 16.88 percent), Eurobank EFG (16.48 percent) and Alpha Bank (15.18 percent). OPAP was the worst off among blue chips, with losses of 3.69 percent.

In total, 109 stocks went up, 49 went down and 20 remained unchanged.

Turnover came to 84.5 million euros, up from Wednesday?s 47.4 million.