Great rebound on stock market

The prospect of fresh fiscal measures as of next week and the support shown by international analysts toward the country’s economy helped the local market to register a considerable rebound yesterday after three days of major losses. The Athens Exchange (ATHEX) general index closed at 2,214 points yesterday, rising by 5.15 percent from Wednesday’s closing at 2,105.48 points. Over the five previous sessions, the index had lost a total of 21.56 percent. The blue chip FTSE/ATHEX 20 index soared by 5.96 percent to end at 1,137.41 points. Marfin Popular Bank displayed the biggest gains with a rise of 9.72 percent, followed by Titan (9.67 percent), Hellenic Postbank (8 percent), Alpha Bank (7.82 percent), National Bank (7.12 percent) and Piraeus Bank (7.04 percent). Turnover amounted to 341.3 million euros.

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