ECONOMY

Bourse index recovered on Wednesday

Unimpressed by news of the inconclusive talks between Athens and its creditors in Paris, investors secured fresh gains for local stocks on Wednesday, focusing on banks and other selected blue chips.

The Athens Exchange (ATHEX) general index closed at 976.65 points, adding 1.52 percent to Tuesday’s 962.05 points. The large-cap FTSE/ATHEX 25 index expanded 1.62 percent to 317.34 points, although mid-caps declined 0.67 percent.

Piraeus Bank outperformed as it added 9.57 percent. Hellenic Exchanges followed with a 5.36 percent rise, while Grivalia Properties gave up 1.78 percent.

In total 55 stocks reported gains, 45 sustained losses and 25 closed unchanged.

Turnover amounted to 84.5 million euros, down from Tuesday’s 131.6 million.