ECONOMY

Remarkable growth for local stocks

The Greek bourse enjoyed a strong rise in yesterday’s session, with buying interest focusing on banking stocks, and on National Bank in particular. The Athens Exchange (ATHEX) general index closed at 1,552.55 points yesterday, expanding 3.29 percent from Tuesday’s close at 1,503.14 points. The blue chip FTSE/ATHEX 20 index grew 3.89 percent to end up at 765.39 points. Analysts suggested that the conclusion of National Bank’s rights trading is releasing funds and that this, in combination with positive views and reports on the Greek economy, has given the local market a genuine boost. National ended the day with gains of 6.77 percent, outperforming the market and closing at 7.89 euros. State-owned ATEbank went one better, posting gains of 7.87 percent, followed by Alpha Bank (up 6.45 percent) and Eurobank EFG (5.26 percent). Piraeus Bank gained 4.16 percent. A total of 151 stocks went up, 37 headed south and 34 remained unchanged. Construction firm Vioter led the gainers with a jump to the 20 percent limit, while Compucon posted the biggest losses (down 16.67 percent). Turnover came to 131.1 million euros, declining from Tuesday’s 216.2 million euros.