ECONOMY

Strong rebound by ASE follows the correction

Stocks rebounded strongly yesterday on the Athens Stock Exchange (ASE), following two sessions of correction. The ASE compound share index closed at 4,562.50 points, a gain of 55.16 points or 1.22 percent. The FTSE/ASE 20 index of blue chips gained 1.29 percent to close at 2,485.42 points, while mid- and small-caps gained 1.47 percent and 1.31 percent respectively. The FTSE/Athex International gained 1.35 percent, closing at 6,523.39 points. Fourteen out of 17 sectoral indices gained. The exceptions were insurance (down 0.47 percent), oil and gas (0.31 percent), and media (0.14 percent). The top gainers were construction and materials (3.15 percent), health (2.69 percent) and technology (2.48 percent). Among blue chips, the top gainers were Alpha Bank (3.27 percent to -24.60), EFG Eurobank (2.56 percent to -29.64), Piraeus Bank (2.24 percent to -25.52), cement maker Titan (2.30 percent to -42.68) and mobile telecoms company Cosmote (1.42 percent to -22.92). Turnover reached -554.46 million, including -37.73 million in prearranged trades. The most heavily traded stocks in terms of number of shares were Marfin Laiki (10,768,061), Hellenic Technodomiki (2,554,049), National Bank (1,926,518) and Bank of Cyprus (1,763,481).