ATHEX: Banks stocks lead bourse to rebound

ATHEX: Banks stocks lead bourse to rebound

Greek stocks staged a remarkable turnaround on Thursday, as they swapped losses for gains, boosted by the reversal of bank stocks’ fortunes. This was mainly seen as a reaction to the recent decline of prices from the January 4 peak, and was implemented on the highest daily turnover so far this year.

The Athens Exchange (ATHEX) general index ended at 754.25 points, adding 1.45% to Wednesday’s 743.49 points. The large-cap FTSE 25 index expanded 1.67% to close at 1,793.37 points.

The banks index jumped 7.06% on a day of great volatility that saw upon National jump 10.99%, Alpha earn 9.18%, Eurobank climb 3.42% and Piraeus collect 3.37%.

ADMIE Holdings improved 2.49%, Hellenic Exchanges grabbed 2.43% and GEK Terna ascended 2.28%. Not all blue chips finished higher, as Aegean lost 3.45% and Jumbo eased 1.61%.

In total 75 posted gains, 31 suffered losses and 17 remained unchanged.

Turnover amounted to 97.6 million euros, up from Wednesday’s €74.6 million.

In Nicosia, the general index of the Cyprus Stock Exchange increased 1.18% to close at 55.69 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.