ECONOMY

Stocks recoup most of their Wednesday losses

Stocks gained significantly yesterday on the Athens Stock Exchange (ASE), with those that had suffered most during Wednesday’s session bouncing back. The ASE general index closed at 3,480.87 points, a gain of 39.23 points or 1.14 percent. The FTSE/ASE-20 index of blue chips gained 1.09 percent to close at 1,934.67 points. Mid-caps and small-caps gained 0.73 percent and 0.53 percent respectively. The biggest gains among blue chips were recorded by bottler Coca-Cola HBC (up 3.98 percent to 23 euros), refiner Motor Oil (2.70 percent to 19 euros), betting company OPAP (2.14 percent to 26.70 euros), mobile telecommunications firm Cosmote (2.10 percent to 18.50 euros), cement producer Titan (1.93 percent to a year-high 30.68 euros), National Bank (1.81 percent to 33.80 euros), Piraeus Bank (1.66 percent to 17.18 euros), electricity company PPC (1.47 percent to 17.92 euros), EFG Eurobank (1.26 percent to 27.30 euros) and refiner Hellenic Petroleum (1.18 percent to 12 euros). By contrast, telecoms equipment manufacturer Intracom and telecoms firm OTE dropped 2.02 percent and 1.54 percent respectively. Of 322 traded stocks, 133 gained, 124 declined and 65 ended unchanged. Turnover reached 330.04 million euros, including 85.79 million in prearranged trades.