ECONOMY

ATHEX: NBG leads main stock index higher

athex-nbg-leads-main-stock-index-higher

The Greek stock market saw in the month of December with another session of robust growth on Tuesday, driven by the four systemic banks. The better-than-expected third-quarter results posted by National Bank gave the credit sector that extra push, which also took daily turnover well beyond the 100-million-euro mark.

The Athens Exchange (ATHEX) general index ended at 758.22 points, adding 2.89% to Monday’s 736.92 points. The large-cap FTSE 25 index expanded 3.07% to close at 1,807.32 points.

The banks index soared 9.94%, with National jumping 15.36%, Alpha earning 9.97%, Piraeus growing 7.14% and Eurobank grabbing 7%.

There were gains for most blue chips, led by Motor Oil (up 6.63%), Lamda Development (up 5.74%), Hellenic Petroleum (4.28) and Hellenic Exchanges (3.79%). Aegean Air conceded 2.44% and Sarantis gave up 1.71%.

In total 85 stocks registered growth, 25 sustained losses and 21 remained unchanged.

Turnover amounted to €140.2 million, down from Monday’s €209 million.

In Nicosia, the general index of the Cyprus Stock Exchange increased 0.67% to 52.25 points.