ECONOMY

Greek stocks post strong rebound

greek-stocks-post-strong-rebound

The Athens Stock Exchange experienced a dramatic rebound on Tuesday as the general index shot up 9.38 percent to 621.70 points and almost wiped out the bourse’s Monday losses.

The performance of local stocks was affected by the rise on other European markets, analysts said.

Turnover, however, was 9.21 percent lower on Tuesday, reaching 33.91 million euros.

After suffering in recent weeks, bank shares all skyrocketed.

Banks Piraeus and Alpha were up 29.17 percent, followed by Eurobank on 26.47 percent and National on 25.42 percent.

The FTSE/Large Cap Index constituents posted gains of up to 29 percent.