Stocks wind up week with gains

Greek stocks gained ground yesterday on solid gains by banks and the Public Power Corporation (PPC). The Athens bourse’s benchmark general index rose 1.47 percent to 2,049.36 points, ending a two-session losing streak. The market shed 3.13 percent for the week. The blue chip FTSE/ATHEX 20 index added 1.81 percent to 1,012.85 points. Banks outperformed, adding 2.85 percent, despite National’s 2009 earnings late on Thursday disappointing investors. Alpha Bank jumped 5.47 percent to 6.75 euros and Eurobank climbed 6.78 percent to 6.46 euros. Power company PPC ended at 14 euros, up 6.87 percent. Betting company OPAP, scheduled to unveil 2009 profit figures on Monday, dipped 1.78 percent to 16 euros. Turnover reached 222.1 million euros, almost unchanged from the previous session.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.