ECONOMY

Stocks end with gains for 2nd day

The Athens bourse rose nearly 4 percent yesterday, advancing for a second straight session, as solid gains on European bourses helped pave the way for Greek shares to rebound from oversold levels. The Athens bourse’s benchmark general index rose 3.85 percent to 1,474.35 points, closing marginally off session highs. The blue chip FTSE/ATHEX 20 index moved ahead 4.81 percent to 703.59 points. Banks led the pack, rising 7.84 percent. National Bank jumped 8.78 percent to 7.06 euros and Eurobank EFG soared 11.46 percent to 4.28 euros. Piraeus Bank climbed 9.09 percent to 3 euros and Alpha ended at 4.68 euros, up 9.60 percent. Construction company J&P Avax SA firmed 1.65 percent to 1.23 euros, while its rival in the sector Ellaktor jumped 4.15 percent to 3.26 euros. Marfin Investment Group added 8.20 percent to 0.66 percent. Among the losers was OTE, which dipped 1.14 percent to 6.91 percent and Frigoglass, which gave up 1.69 percent to end at 9.90 euros. The mid-cap FTSE/ATHEX 40 index rose 3.38 percent, while the small-cap FTSE/ATHEX 80 index added 5.88 percent. Turnover reached 119.5 million euros.