ECONOMY

Privatization news boosts Athens stock market to 977.21 points

The Greek stock market maintained its recent upward momentum on Monday, buoyed by an outperforming National Bank and news of the signing of the partial privatization of betting company OPAP.

The Athens Exchange (ATHEX) general index headed north for the ninth straight session, advancing 2.12 percent to close at 977.21 points. This brought cumulative gains to 7.63 percent since the beginning of 2013 and to 22.01 percent since the year low. Nevertheless, the banking index is still 34.22 percent lower than the first session of 2013. National Bank surged 15.77 percent, closing at 3.23 euros, Piraeus Bank was 2.63 percent lower at 1.11 euros, OPAP gained 4.03 percent to 7.49 euros and OTE telecom advanced 3.45 percent to 7.49 euros.

Turnover climbed to 67.79 million euros, while winners outnumbered losers by 82 to 39.