ECONOMY

Banks and PPC end three-day losing streak

The Athens Stock Exchange (ASE) general index rebounded yesterday after three strait declining sessions, as buying interest revived in banks and the Public Power Corporation (PPC). The general index, which had lost a cumulative 1.31 percent in the previous three days, regained 0.95 percent to reach 2,930.27 points, ending the week 0.65 percent higher. The blue chip FTSE/ASE 20 index advanced 1.22 percent, mid-caps edged up 0.06 percent and small-caps headed south 0.01 percent. Among banks, Piraeus outperformed with gains of 3.39 percent, followed by Alpha (2.27 percent), Emporiki (1.90 percent) and National (1.19 percent). PPC climbed 4.32 percent to reach a new year-high of 23.68 euros, while CosmOTE and OTE advanced 1.33 percent and 1.19 percent respectively. Among sectoral indices, insurance fared the worst, with a loss of 2.04 percent, while construction ended 0.92 lower. Of the 357 shares traded, 138 gained, 145 declined and 74 remained unchanged. Turnover fell to 174.18 million euros, of which 18.84 million was in prearranged block trades. Total market capitalization reached 101.11 billion euros.