ATHEX: Banks lead rebound on stock market
Tuesday was a day of healthy gains on the Greek stock market, reminiscent of the sessions of high growth in the first couple of months of 2023. Assurances by domestic and foreign experts over the strength of the local credit system offered a major boost to bank stocks that led blue chips to a significant rebound.
The Athens Exchange (ATHEX) general index closed at 1,049.70 points, adding 2.16% to Monday’s 1,027.47 points. The large-cap FTSE-25 index expanded 2.10% to end up at 2,551.90 points.
The banks index outperformed, climbing 4.38%. Alpha grabbed 5.26%, Piraeus collected 5.21%, Eurobank earned 4.65% and National augmented 2.79%.
The day’s other winners included Ellaktor (7.34%), GEK Terna (5.24%), Quest Holdings (5.04%), Motor Oil (4.64%), Public Power Corporation (3.77%) and Titan Cement (3.28%), while Jumbo parted with 6.89%.
In total 84 stocks recorded gains, 18 registered losses and 24 remained unchanged.
Turnover amounted to 114 million euros, up from Monday’s €107 million.
In Nicosia, the general index of the Cyprus Stock Exchange soared 4.57% to close at 106.07 points.
