Bumpy ride, but stocks end higher

It was a rollercoaster ride of a session at the Greek bourse on Thursday. Despite the additional concern in the market generated by the result of the first vote for a new president late on Wednesday, the local benchmark managed to recovered from afternoon losses of more than 3 percent to close with gains of almost 1.5 percent, along the lines of other European bourses.

The Athens Exchange (ATHEX) general index closed at 874.69 points, adding 1.47 percent to Wednesday’s 862.06 points. The large-cap FTSE/ATHEX 25 index expanded 1.18 percent to end at 279.84 points.

Jumbo outperformed with gains of 7.42 percent, ahead of METKA (up 5.39 percent) and National Bank (4.64 percent). Aegean Airlines lost 2.19 percent.

In total 58 stocks went up, 42 declined and 20 stayed put.

Turnover reached 94 million euros, up from Wednesday’s 90.2 million.