ECONOMY

Stocks add 1.27 pct; OTE jumps

Greek stocks advanced 1.27 percent yesterday, boosted by solid gains in blue chip OTE telecom. The Athens bourse’s benchmark general index ended at 1,882.10 points after touching on an intra-session high of 1,800 points. The blue chip FTSE/ATHEX 20 index added 1.58 percent to 934.38 points. OTE telecom jumped 4.49 percent to 9.30 euros after press reports said earlier this week that Deutsche Telekom (DT) is considering increasing its stake in the Greek phone company by purchasing shares in the market. DT owns 30 percent of OTE. Mid-caps (FTSE/ATHEX 40) underperformed, shedding 0.15 percent, while small-caps (FTSE/ATHEX 80) moved ahead 0.93 percent. Turnover reached 136.4 million euros versus 150 million in the previous session.