ATHEX: Frankfurt’s move puts bourse back in the green

The European Central Bank’s decisions to extend the limit on the cash Greek banks can borrow through emergency liquidity assistance and not to reduce the value of the collateral local lenders use to get that assistance gave the domestic stock market a boost late on Tuesday. As a result, the local benchmark bucked the southbound trend followed by most of its international peers and posted a rise for the first time since last Thursday.

The Athens Exchange (ATHEX) general index closed at 829.10 points, adding 1.37 percent to Monday’s 817.92 points. The large-cap FTSE/ATHEX 25 index expanded 1.50 percent to close at 247.95 points.

Piraeus Bank registered an 8.17 percent increase, while Piraeus Port Authority climbed 5.72 percent. Folli Follie grew 3.72 percent and Eurobank added 3.70 percent. Coca-Cola HBC fell 1.43 percent and EYDAP declined 1.36 percent.

In total 68 stocks reported gains, 38 suffered losses and 18 closed unchanged. Turnover came to 68.3 million euros, down from Monday’s 71.6 million.

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