Moderate bourse rise puts end to losing streak

The favorable news regarding the US Federal Reserve decisions on Wednesday evening brought an end to Greek stocks’ six-session losing streak on Thursday, with the benchmark index climbing back above the 1,150-point level.

The Athens Exchange (ATHEX) general index closed at 1,155.53 points, adding 0.81 percent to Wednesday’s 1,146.26 points. The large-cap FTSE/ATHEX 25 rose 0.96 percent to end at 380.61 points.

Banks outperformed with their index adding 1.25 percent, as Piraeus Bank grew by 2.78 percent, Alpha expanded 1.19 percent and National edged 0.25 percent higher. Hellenic Petroleum (up 2.96 percent) and GEK Terna (2.79 percent) registered the biggest increases among blue chips. Marfin Investment Group suffered a 2.85 percent decline and Eurobank Properties contracted by 2.29 percent.

In total 75 stocks posted gains, 67 recorded losses and 24 ended unchanged.

Turnover amounted to 82.8 million euros, up from Wednesday’s 63.7 million euros.