ECONOMY

Emporiki Bank leads blue chips in rebound

Greek stocks rebounded despite opening slightly lower yesterday, in line with markets elsewhere in Europe and with mid- and small-caps attracting the strongest interest. The Athens Exchange (ATHEX) general index closed at 5,226.62 points, with a gain of 0.53 percent. The blue chip FTSE/ATHEX 20 index was up 0.55 percent, the FTSE/ATHEX 40 mid-cap index rose 0.77 percent and the FTSE/ATHEX 80 small-cap index advanced 0.91 percent higher. The FTSE/ATHEX International gained 0.59 percent. Among blue chips, Emporiki Bank continued climbing, adding 4.04 percent to reach -21.10, while Hellenic Technodomiki and Bank of Cyprus both surged 3.48 percent, Titan ended 3.26 percent higher, Marfin Popular Bank rose 2.75 percent, and Coca-Cola HBC was up 2.45 percent. Intralot, Hellenic Petroleum, Viohalco, Public Power Corporation, Cosmote and banks Alpha and ATE also headed north. By contrast, National Bank continued sliding, ending 1.17 percent lower after a Goldman Sachs report raised the target price but removed it from its conviction buy list. Motor Oil, OPAP, OTE and banks Piraeus and Postal Savings followed south. Turnover rose to -539.95 million, of which -51.69 million was in block trades. The total capitalization of ATHEX reached -200.79 billion.