ECONOMY

Index clears 4,700 pts, gains across the board

Greek stocks yesterday resumed their advance past another hurdle, sending the Athens Stock Exchange (ASE) general index up 0.79 percent to 4,710.24 points – a six-and-a-half year high. European bourses, by contrast, were downbeat. All capitalizations gained. The blue chip FTSE/ASE 20 was up 0.66 percent, the FTSE/ASE Mid-40 added 0.77 percent and the FTSE/ASE Small-Cap 80 gained 0.33 percent. Fifteen of the 17 sectoral indices ended in positive territory, led by industrial products and services (up 1.92 percent). Banks were up 0.58 percent. Travel and recreation slipped 0.25 percent while construction ended unchanged. Viohalco outperformed among blue chips, climbing 4.12 percent. Bank of Cyprus ascended 3.36 percent, Coca-Cola HBC ascended 2.40 percent, Public Power Corporation was 1.84 percent higher, Hellenic Petroleum gained 1.27 percent and National Bank added 1.02 percent. By contrast, Hellenic Technodomiki halted its recent steep ascent, shedding more than 2 percent, while Postal Savings Bank, Alpha Bank, ATEbank and OPAP followed south. Turnover continued rising, totaling -449.79 million, of which -107.1 million was accounted for by banks Piraeus and National.