Momentum maintained but range stays limited

Greek stocks maintained their momentum and briefly recaptured the 3,800-point level yesterday amid a positive mood in other European markets, but interest was limited to a relatively low number of stocks. The Athens Stock Exchange (ASE) general index closed 0.79 percent higher, at 3,794.39 points. All capitalizations gained, led by mid-caps. The FTSE/ASE Mid-40 was 0.89 percent higher. Most sectoral indices headed north, led by technology (2.51 percent) and industrial products and services (2.30 percent). Banks gained 0.61 percent. Petroleum and gas dropped 1.49 percent. Blue chips again had a mixed day. Alpha Bank, Coca-Cola HBC, Hyatt and Folli Follie added more than 2 percent, and ATEbank, Eurobank, Public Power Corporation, Viohalco, Intracom and OPAP were up more than 1 percent; OTE and Cosmote also gained. In contrast, Hellenic Petroleum, Motor Oil and Titan shed more than 1 percent, while banks National and Piraeus, Germanos, Hellenic Technodomiki and Duty Free Shops also headed south. Turnover totaled 215.64 million euros, with banks National and Emporiki (in which Credit Agricole continued upping its stake) accounting for a combined 49 million.

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