Investors attracted by deals in the pipeline

Stocks gained significantly yesterday on the Athens Stock Exchange (ATHEX), following three declining sessions, as global markets recovered and news of impending business deals attracted investors. The ATHEX composite share index closed at 4,844.68 points, a gain of 67.47 points or 1.41 percent. On a weekly basis, it gained 0.75 percent. The FTSE/ATHEX 20 index of blue chips gained 1.32 percent to close at 2,588.81 points, while mid-caps and small-caps gained 1.74 percent and 2.04 percent respectively. The FTSE/ATHEX International gained 1.39 percent, closing at 6,892.58 points. Sixteen of 17 sectoral indices gained. The exception was food and beverages, which declined 0.35 percent. The top gainers were industrial goods and services (up 3.15 percent), personal and household goods (2.74 percent) and utilities (2.71 percent). Among blue chips, the top gainers were metals group Viohalco (higher 4.19 percent to -13.44), Public Power Corporation (3.41 percent to -18.20), jewelry and accessories maker and retailer Folli-Follie (2.90 percent to -29.80), telecommunications company OTE (2.67 percent to -21.56) and OTE’s mobile telecoms subsidiary Cosmote (2.65 percent to -23.98). Turnover reached -532.73 million, including -149.15 million in prearranged trades.

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