Greek stocks ended slightly higher in the Athens Stock Exchange on Monday, reversing a nine-day decline during which the general index lost 5.53 pct. Traders said that technically the market was in oversold levels which justified a technical reaction.
The general index rose 0.55 pct to end at 790.05 points, off the day’s highs of 791.93 points. The Large Cap index rose 0.74 pct and the Mid Cap index ended 0.31 pct lower. Turnover was a low 41.395 million euros in volume of 27,123,381 shares.
OTE (3.64 pct), GEK Terna (3.14 pct) and Alpha Bank (1.84 pct) scored big gains among blue chip stocks, while Sarantis (2.76 pct), Folli Follie (2.17 pct) and Jumbo (1.06 pct) suffered heavy losses.
Among market sectors, Telecoms (3.64 pct) and Health (1.60 pct) scored big gains, while Commerce (2.14 pct) and Personal Products (1.13 pct) suffered losses. National Bank and MIG were the most heavily traded securities of the day. Broadly, advancers led decliners by 62 to 54 with another 20 issues unchanged. CPI (22.50 pct), Yalco (19.82 pct) and Tzirakian (19.35 pct) were top gainers, while Varagis (19.57 pct), Nafpaktos Spin Mills (16.67 pct) and Douros (16.30 pct) were top losers.