Universal rise on China, banks

Most stocks on the Greek bourse posted strong gains, as the local market remained in line with its international peers, following a support package of $586 billion announced by the Chinese government to boost its economy. The Athens Exchange (ATHEX) general index closed at 2,190.99 points yesterday, rising by 3.98 percent. The blue chip FTSE/ATHEX 20 index grew by 4.26 percent to end at 1,184.23 points. The market was also helped by the banks’ decision to accept the government’s proposal for the 28-billion-euro rescue package. All blue chips registered a rise, headed by OPAP (up 9.67 percent), National Bank (6.01 percent), Intralot (5.98 percent), Marfin Popular Bank (5.32 percent) and OTE telecom (4.63 percent). Turnover reached a rather low amount of 146.6 million euros.