ATHEX: Stocks leap on reports from Brussels

ATHEX: Stocks leap on reports from Brussels

The European Commission announcements concerning grants and loans for member-states adding up to 750 million euros gave Greek stocks a major boost on Wednesday, in line with most other European bourses. The fourth consecutive day of gains on the highest turnover of the last two-and-a-half months took the benchmark over 8.5% higher compared to last Thursday’s closing.

The Athens Exchange (ATHEX) general index ended at 660.30 points, adding 3.91% to Tuesday’s 635.47 points. The large-cap FTSE 25 index expanded 4.44% to 1,588.41 points.

The banks index built on Tuesday’s 12% rise with another jump of 10.23%, with Piraeus soaring 17.55%, Eurobank grabbing 10.10%, National earning 8.66% and Alpha improving 8.51%.

OPAP collected 10%, Ellaktor rose 9.41% and Titan Cement climbed 8.73%, as Fourlis fell 2.47%.

In total 83 stocks posted gains, 29 took losses and 15 remained unchanged.

Turnover was the highest of the last 51 sessions, amounting to €124.6 million, up from Tuesday’s €67 million.

In Nicosia, the general index of the Cyprus Stock Exchange advanced 0.93% to close at 47.51 points.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.