ASE back to April 2001 levels; CCHBC shines

Stocks gained yesterday on the Athens Stock Exchange, reaching new highs, as investors were encouraged by positive news in other European markets. The ASE general index closed at 3,326.64 points, a gain of 21.81 points or 0.66 percent. This level was last reached in April 2001. On a weekly basis, the index gained 1.49 percent, bringing this year’s total gain to 19.40 percent. The FTSE/ASE-20 index of blue chips gained 0.65 percent to close at 1,850.05 points. Mid-caps declined 0.44 percent and small-caps gained 0.51 percent. Bottler Coca Cola HBC jumped 3.55 percent to close at 24.48 euros on the back of a Goldman Sachs report setting a target share price of 29 euros. Other blue chips posting significant gains included cement company Titan (1.66 percent to 28.22 euros), Public Power Corporation (1.65 percent to 20.92 euros), Alpha Bank (1.50 percent to 22.96 euros), construction group Hellenic Technodomiki (1.36 percent to 4.48 euros) and Hellenic Petroleum (1.25 percent to 9.70 euros). Construction firm AEGEK jumped 11.43 percent on news that it had been provisionally chosen to build Thessaloniki’s metro. Turnover reached 148.55 million euros, including 4.09 million in prearranged trades.