Fresh bourse gains as poll leader SYRIZA softens stance

Steering clear of any anti-bailout rhetoric and offering lukewarm assurances of honoring Greece’s commitments, poll-leading SYRIZA leader Alexis Tsipras has fueled market hopes that the change in government expected after the January 25 election will not have too dramatic an impact on the country and the eurozone, leading the local stock market to further gains on Tuesday.

The Athens Exchange (ATHEX) general index closed at 835.40 points, adding 3.26 percent to Monday’s 809.01 points. The large-cap FTSE/ATHEX 25 index expanded 3.84 percent to end at 268.09 points, while small-caps contracted 0.71 percent.

Banks outperformed again, adding 5.02 percent, as National climbed 6.62 percent, Eurobank rose 5.82 percent and Alpha gained 5.53 percent. Jumbo fared even better, advancing 7.89 percent.

In total 75 stocks grew, 36 shrank and 13 were non-movers.

Turnover amounted to 81.4 million euros, up from Monday’s 78.1 million.