ATHEX: Relief after gov’t U-turn

Traders hailed the government’s facing up to reality and conceding to the demands of the country’s creditors, as the Greek stock market enjoyed another day of healthy growth that came on an increased turnover too.

The Athens Exchange (ATHEX) general index closed on Thursday at 841.54 points, rising 3.01 percent to Wednesday’s 816.94 points. The large-cap FTSE/ATHEX 25 index expanded 3.03 percent to close at 244.71 points.

Banks saw another session of big gains, with their index adding 9.33 percent. Piraeus Bank advanced 14.11 percent, while GEK Terna was a close second with a 13.58 percent increase. Folli Follie lost 1.87 percent and OTE fell 1.42 percent.

In total 90 stocks went up, 33 recorded losses and 16 closed unchanged.

Turnover amounted to 125.9 million euros, up from Wednesday’s 82 million.

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