Stocks rack up major gains as prospects improve

The local stock market appears to be building the momentum for growth after posting the biggest rise in 37 sessions on respectable turnover on Wednesday and thanks to positive signs from European governments regarding the future of the country?s economy.

The Athens Exchange (ATHEX) general index ended at 675.07 points, gaining 3.57 percent on Tuesday?s closing figure of 651.77 points. The blue chip FTSE/ATHEX 20 index expanded by 4.44 percent to close at 245.23 points.

Duty Free Shops outperformed with gains of 10.44 percent, with Bank of Cyprus following (up 9.52 percent), while Coca-Cola HBC declined by 1.16 percent.

In total, 96 stocks posted gains, 38 registered losses and 17 remained unchanged.

Turnover soared to 53.5 million euros, from 20.2 million on Tuesday.

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