Greek stocks ended strongly higher in the Athens Stock Exchange on Monday

Greek stocks ended strongly higher in the Athens Stock Exchange on Monday with market sentiment boosted after a new decline in Greek bond yields following a decision by S&P to upgrade the Greek economy’s credit rating.

The general index of themarket rose 1.25 pct to end at 858.12 points, closing in the highest levels since July 17, 2017. The Large Cap index ended 0.93 pct higher and the Mid Cap index jumped 2.59 pct. Turnover was a low 77.454 million euros in volume of 49,054,333 shares.

Piraeus Bank (8.33 pct), Piraeus Port (4.52 pct), PPC (4.35 pct) and Terna Energy (3.08 pct) scored the biggest percentage gains among blue chip stocks, while Folli Follie (1.09 pct) and OTE (0.49 pct) suffered losses. Among market sectors, Industrial Products (3.03 pct), Personal Products (2.63 pct) and Banks (2.06 pct) scored big gains, while Commerce (1.06 pct) and Telecoms (0.49 pct) suffered losses. National Bank and Alpha Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 88 to 38 with another 25 issues unchanged. Vioter (14.49 pct), Pasal (10.20 pct) and Nexans (9.23 pct) were top gainers, while Sfakianakis (20 pct), Boutaris (19.64 pct) and AEGEK (14.29 pct) were top losers.