ECONOMY

Bourse index rises on anniversary of all-time high

Exactly 15 years after the benchmark of the local bourse reached its all-time peak, 6,484.38 points, the Greek stock market staged a rebound on Wednesday after four days of decline, while turnover exceeded 100 million euros.

The Athens Exchange (ATHEX) general index ended at 1,131.84 points, adding 0.79 percent to Tuesday’s 1,123.07 points. The large-cap FTSE/ATHEX 25 index expanded 0.83 percent to close at 367.46 points, though mid-caps gave up 0.87 percent.

More gains are anticipated after the Federal Reserve meeting in the US and the Scottish referendum, whose runups have sparked investor uncertainty, while the arrival of fresh capital from abroad recorded on Wednesday has heartened the optimists.

A Reuters report on Wednesday said the European Central Bank will issue the results of the banks’ stress tests on Sunday, October 26. With no surprises expected on that front, banks rose 0.50 percent on Wednesday, with Eurobank adding 3.66 percent.

In total 39 stocks posted gains, 70 took losses and 32 ended unchanged.

Turnover reached 107.5 million euros, compared with Tuesday’s 88 million.