Stocks rise due to bailout talks

Greek equities reversed mid-session losses yesterday to end more than 2 percent higher on news that the government will start talks toward making use of a rescue plan with the European Central Bank, European Union and International Monetary Fund. The benchmark general index rose 2.07 percent to 2,028.55 points after dipping to an intra-session low of 1,958 points. The blue chip FTSE/ATHEX 20 index added 2.98 percent to 1,004.02 points. Banks outperformed, adding 4.35 percent. National Bank moved ahead 3.40 percent to 13.70 euros and peer Alpha jumped 5.60 percent to 6.60 euros. Eurobank also performed strongly, rising 5.75 percent to 6.62 euros. Turnover reached 226.6 million euros versus 187 million in the previous session.

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