Greek stocks extended their rally for the fifth successive session in the ASE

Greek stocks extended their rally for the fifth successive session in the Athens Stock Exchange on Wednesday, pushing the general index above the 840-point resistance level. The index is up 5.38 pct in the last five sessions. Traders said market sentiment remained positive and buying interest remained focused on bank shares. The bank index is up 17.39 pct in the last five sessions.

The general index rose 0.65 pct to end at 842.34 points. The Large Cap index ended 0.79 pct higher and the Mid Cap index fell 0.64 pct. Turnover was a low 68.182 million euros in volume of 51,088,465 shares.

Eurobank (3.16 pct), National Bank (2.87 pct) and Alpha Bank (2.83 pct) scored big gains among blue chip stocks, while GEK Terna (1.50 pct), Sarantis (1.39 pct) and Motor Oil (1.18 pct) suffered heavy losses. Among market sectors, Banks (2.85 pct) and Raw Materials (2.57 pct) scored gains, while Food (1.10 pct) and Construction (0.98 pct) suffered losses. National Bank and Eurobank were the most heavily traded securities of the day. Broadly, decliners led advancers by 62 to 53 with another 30 issues unchanged. Leventeris (29.03 pct), Dionic (20 pct) and Douros (20 pct) were top gainers, while Medicon (16.04 pct), G.E.Dimitriou (11.76 pct) and Spyrou Farm (11.32 pct) were top losers.