Greek stocks rebounded strongly in the Athens Stock Exchange on Thursday. Traders said buying interest focused on bank shares after the release of a positive report by Moody’s on a Bank of Greece plan to resolve Greek banks’ NPLs problem.
The general index of the market jumped 2.50 pct to end at 618.16 points, with the Large Cap index rising 2.20 pct and the Mid Cap index ending 2.75 pct higher. Turnover was an improved 62.035 million euros in volume of 49,033,800 shares.
Eurobank (13.03 pct), Grivalia Properties (11.07 pct), Mytilineos (8.21 pct) and Alpha Bank (7.59 pct) scored big gains among blue chip stocks, while Motor Oil (0.49 pct) and Titan (0.41 pct) suffered losses. Among market sectors, Banks (8.10 pct) and Financial Services (6.12 pct) scored gains, while Raw Materials (3.02 pct) and Health (1.65 pct) suffered losses. Eurobank and National Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 72 to 38 with another 21 issues unchanged. Fieratex (29.21 pct) and Tzirakian (28.92 pct) were top gainers, while REDS (9.68 pct) and Medicon (5.83 pct) were top losers.