ECONOMY

Q3 results and Moody’s send benchmark over 1,200 pts

The benchmark index of the Greek bourse finally broke the 1,200-point barrier on Monday, registering a new 29-month high on news of the improved earnings or reduced losses of most stocks in their third-quarter results as well as the two-notch upgrade of Greece’s credit rating by Moody’s.

The ATHEX general index closed at 1,228.23 points, adding 2.72 percent to Friday’s 1,195.68 points. The large-cap FTSE/ATHEX 25 expanded 2.31 percent to end at 404.33 points.

Marfin Investment Group led the blue chips with gains of 8.98 percent, followed by Hellenic Exchanges, which climbed 8.70 percent, and Corinth Pipeworks, which jumped 8.06 percent. National Bank, Alpha and Hellenic Petroleum closed unchanged.

In total 95 stocks posted growth, 42 suffered a decline and 19 stayed unchanged.

Turnover amounted to 145.69 million euros, up from last Friday’s 99 million.