ECONOMY

National Bank leads bourse to healthy rise

A late rally saw the Greek bourse’s main benchmark index close just off the day’s high on Monday, after the country’s creditors announced the funding would continue but that more needs to be done by Athens, while the government stated that the capital gains tax will be postponed for another six months, to start applying from January 2014.

The Athens Exchange (ATHEX) general index closed at 858.40 points, growing 2.08 percent from Friday’s 840.92 points. The large-cap FTSE/ATHEX-25 index rose 2.36 percent to 292.70 points and the mid-cap index contracted by a considerable 1.64 percent.

National Bank soared 15.91 percent, followed by Terna Energy (up 5.59 percent) and Marfin Investment Group (5.05 percent). Intralot led the southbound blue chips, giving up 1.94 percent, as EYDAP declined by 1.80 percent.

Eurobank Ergasias, no longer a blue chip, hit its limit-down (minus 30 percent), bringing the stock’s accumulative losses over the last two weeks to more than 77 percent.

In total, 72 stocks posted gains, 48 headed down and 20 ended unchanged.

Turnover amounted to the year’s second lowest, at 31 million euros, down from last Friday’s 32.2 million.