Greek stocks ended slightly higher in the Athens Stock Exchange on Monday, as an early euphoria created by the announcement of a merger deal between Eurobank and Grivalia Properties ran out of steam later in the day. The general index of the market ended 0.14 pct higher at 603.43 points, off the day’s highs of 618.97 points.
The news initially boosted bank shares, with Eurobank rising up to 24.89 pct early in the session to close at 0.4886 euro per share an increase of 4.31 pct. The large Cap index edged 0.25 pct higher and the Mid Cap index eased 0.72 pct. Turnover was an improved 66.620 million euros in volume of 64,278,229 shares. Grivalia Properties (6.28 pct), Eurobank (4.31 pct), Piraeus Port (2.38 pct) scored big gains among blue chip stocks, while PPC (3.54 pct), National Bank (3.05 pct) and Fourlis (2.02 pct) suffered heavy losses.
Among market sectors, Real Estate (4.56 pct) and Raw Materials (2.92 pct) scored big gains, while Construction (1.33 pct) and Utilities (0.69 pct) suffered losses. Eurobank and Alpha Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 65 to 40 with another 29 issues unchanged. AEGEL (18.37 pct), Progressive (14.42 pct) and Tzirakian (11.93 pct) were top gainers, while Frigoglass (10 pct), Motodynamic (8.62 pct) and Nereus (4.32 pct) were top losers.