Greek stocks ended significantly higher in the last trading session of the week in the Athens Stock Exchange, with traders encouraged by a recovery in international markets. The composite index of the market reached the 590-point level to end at its highest level since June 23. Bank shares were at the focus of buying activity while turnover remained subdued.
The index rose 2.20 pct to end at 589.29 points, off the day’s highs of 591.24 points. The index ended the week with a net gain of 2.08 pct, standing 6.66 pct down so far this year. The Large Cap index rose 2.49 pct and the Mid Cap index ended 1.39 pct higher. Turnover was a low 31.078 million euros in volume of 52,685,087 shares.
Piraeus Port (0.72 pct) was the only blue chip stock to end lower, while National Bank (6.88 pct), GEK Terna (5.83 pct), Alpha Bank (4.43 pct), Piraeus Bank (4.29 pct) and Terna Energy (3.40 pct) scored the biggest percentage gains of the day. Among market sectors, Banks (4.64 pct), Construction (3.63 pct), Raw Materials (2.98 pct) and Telecoms (2.30 pct) scored big gains. National Bank and Eurobank were the most heavily traded securities of the day.
Broadly, advancers led decliners by 86 to 24 with another 16 issues unchanged. Ionian Hotels (20 pct), Medicon (20 pct) and Sidma (19.76 pct) were top gainers, while Lazaridis Estate (17.11 pct), Tzirakian (15.49 pct) and Alpha Astika (14.50 pct) were top losers.