ECONOMY

Stocks rise but turnover remains thin

Greek stocks rebounded after three straight losing sessions on Thursday, but trade remained thin, mainly due to the continuing uncertainty regarding developments in Syria.

The Athens Exchange (ATHEX) general index closed up 1.45 percent at 893.77 points, after moving in positive territory throughout the session. Large-caps ended 1.67 percent higher and the banking index added 1.81 percent. Betting firm OPAP, the turnover leader with 5.10 million euros, gained 1.39 percent, closing at 7.30 euros. Piraeus Bank advanced 2.94 percent to 1.05 euros and OTE telecom added 2.86 percent, reaching 6.84 euros. Public Power Corporation (PPC) rose 2.10 percent to 7.30 euros, after reporting net profit of 127.1 million in the first half, compared to 22.9 million in the same period of 2012.

National Bank, which reported a first-half consolidated net profit of 344 million against an average 125 million foreseen by analysts, added 0.35 percent to finish at 2.86 euros.

Alpha Bank ended 2.66 percent higher at 0.50 euros. Hellenic Petroleum and Piraeus Port Authority closed at the day’s high, whereas Viohalco, Eurobank Properties and Frigoglass closed at the day’s low.

Advancers outnumbered decliners 87 to 40, while turnover rose slightly to 28.96 million euros.