Greek stocks end 1.17 pct higher on Tuesday

Greek stocks ended significantly higher, remaining on an upward trend for the second successive session in the Athens Stock Exchange. Traders said market sentiment was encouraged by a positive climate prevailing in international markets and optimism over the outcome of a EuroWorkingGroup meeting to discuss the Greek growth strategy plan after the country’s exit from the memorandum.

The general index rose 1.17 pct to end at 810.54 points. The Large Cap index rose 0.95 pct and the Mid Cap index ended 0.97 pct higher. Turnover was an improved 89.49 million euros in volume of 101.8 million shares. Eurobank (5.49 pct) was the biggest gainer among blue chip stocks, while Grivalia (1.66 pct) and Athens Water (1.52 pct) suffered heavy losses. Among market sectors, Raw Materials (3.93 pct) and Telecoms (2.27 pct) scored big gains, while Food/Beverage (0.88 pct) and Chemicals (0.51 pct) suffered losses.

National Bank and Eurobank were the most heavily traded securities of the day. Broadly, advancers led decliners by 67 to 52 with another 118 issues unchanged. Ilyda (9.73 pct), Creta Farm (9.36 pct) and Eurobank (5.49 pct) were top gainers, while Intertek (11.48 pct), Euroconsultants (9.96 pct) and Elgeka (9.76 pct) were top losers.