New government expectations boost local stocks

The Greek stock market continued to rise on Tuesday on expectations of a swift end to the uncertainty of who will be next to govern the country.

The Athens Exchange (ATHEX) general index ended at 779.63 points, adding 2.44 percent to Monday?s closing figure of 761.04 points. The blue chip FTSE/ATHEX 20 index grew 3.51 percent to close at 308.25.

Banks outperformed, with most recording significant gains. Hellenic Postbank led the way (up 13.41 percent), ahead of Eurobank EFG (12.16 percent), Alpha Bank (11.93 percent) and National Bank (11.86 percent). Marfin Popular Bank lost 3.06 percent.

In total, 104 stocks went up, 51 went down and 21 remained unchanged.

Turnover amounted to 69 million euros, up from Monday?s 47.6 million.