ECONOMY

Rebound brings 5,300 points to within range

Greek stocks rebounded across the board to a new 92-month high yesterday, with the Public Power Corporation and Bank of Cyprus continuing their surge to new historic highs. The Athens Exchange (ATHEX) general index closed at 5,270.32 points, a gain of 0.65 percent. The blue chip FTSE/ATHEX 20 index advanced 0.72 percent, the FTSE/ATHEX 40 mid-cap index added 0.77 percent and the FTSE/ATHEX 80 small-cap index ended 0.60 percent higher. The FTSE/ATHEX International was up 0.74 percent. Marfin Popular Bank led blue chips, surging 3.67 percent, Public Power Corporation climbed 2.54 percent to -29.84, Hellenic Technodomiki added 1.95 percent, Viohalco was 1.93 percent higher, OTE gained 1.80 percent and Bank of Cyprus advanced rising 1.62 percent to -13.80. Intralot was also at a new historic high of -29.50. Cosmote, Titan and Postal Savings Bank also headed north, while National Bank, which received an «outperform» rating and a target price of -50 from Credit Suisse on Wednesday, rose 0.40 percent to -46.00. By contrast, Coca-Cola HBC, Motor Oil, OPAP and banks Alpha, Emporiki and Eurobank ended in negative territory. Turnover rose to -595.63 million, of which -150.31 million was in block trades. The total capitalization of the ATHEX reached -202.15 billion.