Greek stocks ended strongly higher in the Athens Stock Exchange on Monday, pushing the composite index of the market above the 580-point level for the first time in 20 sessions. Traders said investors banked on a positive outcome in today’s Eurogroup meeting and a decision for the disbursement of a 2.8-billion-euro sub-tranche loan to Greece.
The composite index rose 1.03 pct to end at 583.27 points, off the day’s highs of 587.35 points. The Large Cap index rose 1.99 pct and the Mid Cap index eased 1.19 pct. Turnover was a low 35.713 million euros.
Piraeus Bank (5.63 pct), National Bank (4.74 pct), Eurobank (3.97 pct) and Alpha Bank (3.77 pct) scored the biggest percentage gains of the day among blue chip stocks, while Titan (1.12 pct), PPC (1.11 pct) and Motor Oil (0.47 pct) suffered losses.
Among market sectors, Banks (4.32 pct), Telecoms (2.98 pct) and Food (2.38 pct) scored big gains, while Construction (0.82 pct) and Utilities (0.52 pct) suffered losses. National Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 48 to 34 with another 27 issues unchanged. Attica Bank (25 pct), Levenderis (20 pct) and Lavipharm (16.09 pct) were top gainers, while Evrofarma (17.03 pct), Medicon (16.95 pct) and Elastron (7.85 pct) were top losers.