ATHEX: Late surge sees bourse index recover

A late surge in stock prices on Thursday helped the main index of the Greek bourse recover some of the ground lost in recent days. Banks led the rebound of the benchmark, which came off a three-month low to gain over eight points, albeit on reduced turnover that didn’t even come close to the 100-million-euro mark.

The Athens Exchange (ATHEX) general index closed at 1,233.81 points, adding 0.70% to Wednesday’s 1,225.25 points. The large-cap FTSE-25 index expanded 0.82% to end at 2,989.67 points.

The banks index advanced 1.44%, as Eurobank augmented 2.40%, National improved 1.72%, Alpha grabbed 0.78% and Piraeus gained 0.14%.

Sarantis jumped 2.62%, Lamda Development collected 2.47%, Motor Oil grew 1.91% Helleniq Energy earned 1.63% and Mytilineos rose 1.49%, while ElvalHalcor parted with 2.08% and Cenergy Holdings gave up 1.94%. In total 56 stocks registered gains, 33 sustained losses and 28 remained unchanged.

Turnover amounted to €88.7 million, down from Wednesday’s €100.2 million.

In Nicosia, the general index of the Cyprus Stock Exchange increased 0.11% to close at 131.47 points.