ECONOMY

Stocks rebound on promising 2012 results

Greek stocks rebounded on Thursday after two days of major losses, bolstered by the encouraging results announced by several listed companies.

The Athens Exchange (ATHEX) general index closed at 869.19 points, rising 2.30 percent from Wednesday’s 849.62 points. The large-cap FTSE/ATHEX-25 index climbed 2.27 percent, ending at 280.18 points.

March broke the seven-month streak of monthly growth for the benchmark index, that suffered losses of 13.77 percent this month.

Six blue chips posted gains of over 5 percent on Thursday. They were Terna Energy, OTE, METKA, Marfin Investment Group, Ellaktor and PPC.

In total 95 stocks posted gains, 45 suffered losses and 19 stayed put.

Turnover fell to 55.7 million euros from Wednesday’s 90.8 million.

The Athens Exchange will reopen on Tuesday, along with many other foreign stock markets which have closed for the Western Easter holidays.