ECONOMY

Banks, OTE lead market rebound over 4,300 pts

Stocks rebounded yesterday on the Athens Stock Exchange (ASE), as investors snapped up bank shares. The ASE compound share index closed at 4,306.97 points, a gain of 35.61 points or 0.83 percent. The FTSE/ASE 20 index of blue chips gained 1.06 percent to close at 2,383.53 points, while mid- and small-caps gained 1.15 percent and 0.30 percent respectively. The FTSE/Athex International gained 1.06 percent, closing at 6,197.01 points. Eleven out of 17 sectoral indices declined. The top gainers were telecommunications (up 1.80 percent), banks (1.51 percent) and insurance (0.95 percent). The biggest losers were utilities (down 1.67 percent) and industrial goods and services (0.13 percent). Among blue chips, significant gains were posted by telecoms firm OTE (up 2.35 percent to 23.70 euros), EFG Eurobank (1.84 percent to 28.74 euros) Alpha Bank (1.60 percent to 24.08 euros) and National Bank (1.37 percent to 37.10 euros). Significant losses were sustained by Public Power Corporation (down 1.98 percent to 19.80 euros), Emporiki Bank (1.18 percent to 23.42 euros) and Duty Free Shops (1.08 percent to 12.88 euros). Turnover reached 286.04 million euros, including 50.39 million in prearranged trades. Total market capitalization reached 155.35 billion euros.