Expectations bolster stocks

Stocks prices rose significantly on the Greek bourse yesterday amid favorable sentiment in global markets, as expectations beat the negative macroeconomic data. The Athens Exchange (ATHEX) general index jumped to 1,761.69 points yesterday, gaining 2.69 percent from Thursday’s closure. The blue chip FTSE/ATHEX 20 index expanded by 2.73 percent to 901.76 points. Most blue chips headed north yesterday, led by Hellenic Petroleum (up 5.97 percent), Marfin Investment Group (5 percent), Eurobank EFG (4.63 percent), OPAP (4.55 percent) and Public Power Corporation (4.12 percent). The only blue chip to post losses was Bank of Cyprus (down 0.45 percent), while OTE telecom was a non-mover, despite the fact that its general meeting went ahead as planned. Turnover came to 106.7 million euros.

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