ECONOMY

Swinging stock market ends higher as turnover rises

In the aftermath of the Eurogroup decision for an extension to the Greek adjustment program and amid rumors in Germany that Athens would be given an increased amount of money with the next bailout installment, Tuesday’s session at the local bourse was something of a roller coaster, with many stocks yo-yoing, while the daily turnover was the highest amount registered in the last nine sessions.

The Athens Exchange (ATHEX) general index ended at 775.72 points, expanding by 0.37 percent from Monday’s closing figure of 772.85 points. However, the blue chip FTSE/ATHEX 20 index contracted 0.12 percent to drop to 275.37 points.

OPAP led the gainers, adding 2.73 percent, while Eurobank gave up 7.13 percent.

In total 55 stocks registered a rise, 63 posted a decline and 27 remained unchanged.

Turnover grew to 83.2 million euros from Monday’s 74.3 million.