ECONOMY

Shares end 0.90 pct up, with OTE leading again

Shares ended 0.90 percent higher to 2,467.14 points, led mainly by telecoms group OTE, dealers said. The blue-chip index rose 0.77 percent to 1,294.94 points, while the mid-cap index gained 1.37 percent and the small-cap index was up 1.26 percent. OTE ended up 2.48 percent to 12.40 euros, still positively influenced by Wednesday’s news of management changes. Panagis Vourloumis, 67, was appointed to replace Lefteris Antonakopoulos as chairman and CEO. The banking sector rose 0.49 percent, with National Bank of Greece up 0.98 percent to 22.74 euros, Alpha Bank 0.23 percent lower to 26.22 euros and EFG Eurobank gaining 1.17 percent to 8.64 euros. Energy monopoly Public Power Corporation (PPC) lost 0.46 percent to 21.42 euros, while lottery operator OPAP rose 2.30 percent to 14.24 euros. Elsewhere, Agricultural Bank retreated 0.57 percent to 6.92 euros, while Hellenic Petroleum gained 0.55 percent to 7.26 euros on news it abandoned its bid for Romania’s Petrom. The government yesterday announced the appointment of Dimitris Miliakos, 57, a former deputy governor at Agricultural Bank, to succeed Agricultural’s Governor Petros Lambrou. Total trade volume reached about 151 million euros. Advancers led decliners 210 to 85.