ECONOMY

Benchmark index returns to pre-Cyprus crisis levels

The Greek bourse has now recovered most of the losses incurred following the Cyprus crisis last month. Most stocks posted moderate gains on Wednesday, while the benchmark rose to its highest level since March 15.

The Athens Exchange (ATHEX) general index closed at 950.84 points, expanding by 0.92 percent from Tuesday’s 942.18 points. The large-cap FTSE/ATHEX-25 added 1.25 percent to end at 313.44 points.

The 4.27 percent rise registered by the banks index was mostly fueled by Eurobank’s 6.63 percent jump and Alpha’s 5.10 percent ascent, as the two lenders outperformed among the blue chips. Viohalco gave up 2.18 percent.

In total 85 stocks posted gains, 67 suffered losses and 23 stayed put.

Turnover has dropped since Monday, when Coca-Cola HBC shares were delisted from the Athens Exchange. Yesterday it came to 48.9 million euros, down from Tuesday’s 53.1 million.