ECONOMY

Banks help index regain 1,900-pt level

Equities rebounded yesterday, led by firmer bank shares, with the benchmark index regaining the 1,900 mark and Hellas Can surging almost 15 percent after a tender offer from Carnaud MetalBox. «The market managed to break the resistance level of 1,900 points despite nervous European markets ahead of the Fed’s decision on rates,» said analyst Yiannis Arapoglou at Kyklos Securities. The benchmark index gained 1.98 percent to settle at 1,906.51 points with turnover picking up to 192 million euros from Tuesday’s 148 million. Gainers led decliners 161 to 152, with 46 shares closing unchanged. Bank shares rebounded 1.98 percent after a spell of fatigue in recent sessions. Shares of Hellas Can soared 14.7 percent to close at 5.44 euros, slightly below the 5.50 euros per share tender offer by its main shareholder Carnaud MetalBox. Blue chips rose 1.61 percent to 951.56 points, with mid-caps 1.14 percent higher. Small-caps lost 0.24 percent. (Reuters)