Greek stocks end 1.39 pct higher

Greek stocks ended significantly higher in the Athens Stock Exchange on Tuesday, pushing the general index of the market above the 640-point level.

Traders said buying interest focused on bank shares following news that the Bank of Greece was examining a plan to reduce Greek banks’ NPLs stock.

The index rose 1.39 pct to end at 644 points, off the day’s highs of 648.39 points. The Large Cap index rose 1.40 pct and the Mid Cap index ended 0.05 pct higher. Turnover was 43.711 million euros in volume of 26,982,600 shares.

Eurobank (8.93 pct), National Bank (5.45 pct), Sarantis (4.73 pct) and Alpha Bank (3.89 pct) scored big gains among blue chip stocks, while Titan (1.32 pct) suffered heavy losses. Among market sectors, Banks (5.35 pct) and Health (2.46 pct) scored big gains, while Commerce (1.85 pct) and Raw Materials (1.25 pct) suffered losses. Eurobank and National Bank were the most heavily traded securities of the day.

Broadly, advancers led decliners by 62 to 28, with another 34 issues unchanged. Tzirakian (21.43 pct), Mermeren (15.56 pct) and Lazaridis Estate (9.56 pct) scored big gains, while ANEK (9.09 pct), Nereus (5.49 pct) and Frigoglass (4.08 pct) suffered losses.

Source ANA-MPA
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