ECONOMY

Across-the-board gains, index reclaims 4,200 pts

Greek stocks rebounded strongly across the board yesterday, helped by a positive sentiment elsewhere in Europe. The general index of the Athens Stock Exchange (ASE) reclaimed the 4,200-point barrier, with gains of 1.52 percent sending it to a close of 4,203.05 points. All capitalizations gained; the blue chip FTSE/ASE 20 index added 1.57 percent, the FTSE/ASE Mid 40 gained 1.61 percent and the FTSE/ASE Small-Cap 80 advanced 2.07 percent. Among blue chips, only Duty Free Shops and Folli-Follie headed south, sliding 0.80 percent and 0.53 percent respectively. Hellenic Petroleum outperformed, closing 4.17 percent higher, Viohalco surged 4.02 percent, while banks Piraeus and Alpha jumped 3.52 percent and 2.47 percent. Motor Oil gained 3.03 percent and Titan Cement 2.13 percent. The Public Power Corporation (PPC) rose 1.18 percent to a year-high of 20.54 euros. Among smaller capitalizations, Elbisco and Forthnet outperformed the market with respective gains of 18.46 percent and 16.63 percent. Turnover topped nearly 370 million euros, of which 175 million was accounted for by the four most marketable securities – banks National and Alpha, gaming firm OPAP and Piraeus Bank.