ECONOMY

Banks, CCHBC power bourse index higher

The Greek bourse reversed its southbound course on Wednesday as bank stocks and Coca-Cola HBC led the benchmark index close to the 1,000-point mark.

The Athens Exchange (ATHEX) general index closed at 998.48 points, expanding 0.70 percent from Tuesday’s closing figure of 991.56 points. The large-cap FTSE/ATHEX-25 index grew 0.77 percent, ending at 331.48 points.

Banks led the way among blue chips with Eurobank soaring 18.26 percent, Piraeus climbing 8.71 percent and Alpha adding 6.21 percent. The new National shares ended at 0.939 euros, down 3.20 percent, making it the worst off among the large-caps.

Coca-Cola HBC ended at 20.44 euros, its highest point in the last two years, posting daily growth of 2.40 percent. Notably, CCHBC’s capitalization amounts to 7.5 billion euros, while the total capitalization of the local bourse does not exceed 40 billion.

OTE telecom added 0.98 percent on news it will be included in the Eurostoxx 600 index, as confirmed yesterday.

In total 75 stocks recorded gains, 74 sustained losses and 21 remained unchanged.

Turnover amounted to 50.1 million euros, down from Tuesday’s 65 million.