Greek stocks ended higher in the Athens Stock Exchange on Thursday, in line with a positive trend prevailing in international markets as investors quickly overcame an initial shock from the victory of Donald Trump in the U.S. presidential elections.
Bank shares were at the focus of buying activity. The composite index of the market rose 0.88 pct to end at 587.02 points, off the day’s highs of 592.33 points. The Large Cap index rose 0.90 pct and the Mid Cap index ended 1.36 pct higher. Turnover was an improved 61.257 million euros in volume of 71,170,483 shares.
Eurobank (3.53 pct), Alpha Bank (3.25 pct) and Viohalco (3.17 pct) scored the biggest percentage gains of the day, while Lamda Development (1.23 pct), Folli Follie (0.48 pct) and Aegean Airlines (0.48 pct) suffered heavy losses. Among market sectors, Banks (2.51 pct), Chemicals (2.15 pct) and Industrial Products (1.51 pct) scored big gains, while Commerce (0.48 pct) and Food (0.25 pct) suffered losses.
National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 61 to 39 with another 16 issues unchanged. Chatzikraniotis (18.60 pct), Boutaris (18.18 pct) and Lazaridis Estate (15.65 pct) were top gainers, while Pegasus (19.30 pct), Livanis Publications (17.65 pct) and Motodynamic (16.08 pct) were top losers.
ADEX closing report
The November contract on the FTSE/ASE Large Cap index was trading at a premium of 0.14 pct in the Athens Derivatives Exchange on Thursday. Volume on the Big Cap index totaled 3,542 contracts with 8,090 open positions in the market. Volume in futures contracts on equities totaled 63,166 contracts with investment interest focusing on National Bank’s contracts (28,701), followed by Alpha Bank (8,403), Piraeus Bank (12,218), Eurobank (7,795), MIG (2,160), OTE (1,462), PPC (448), OPAP (663), Mytilineos (641), GEK Terna (124), Hellenic Petroleum (113), Ellaktor (83) and Titan (40).