Greek stocks rally for fourth successive session in the ASE on Tuesday

Greek stocks continued moving higher in the Athens Stock Exchange on Tuesday, extending their rally for the fourth successive session during which the general index rose 4.71 pct. The index ended 1.96 pct higher to end at 836.94 points, off the day’s highs of 838.55 points.

Traders said market sentiment was encouraged by optimistic over an expected positive outcome in the current round of Greek banks’ stress tests. The Large Cap index rose 1.99 pct and the Mid Cap index ended 0.56 pct higher. Turnover was an improved 81.401 million euros in volume of 71,784,556 shares.

Piraeus Bank (6.23 pct), National Bank (4.07 pct), Alpha Bank (3.85 pct), Piraeus Port (3.65 pct) and Titan (3.31 pct) scored big gains among blue chip stocks, while Grivalia Properties (0.55 pct) was the only blue chip stock to end lower. Among market sectors, Banks (4.05 pct), Raw Materials (2.94 pct) and Oil (2.15 pct) scored big gains. National Bank and Eurobank were the most heavily traded securities of the day. Broadly, advancers led decliners by 84 to 42 with another 19 issues unchanged. Dionic (20 pct), Douros (19.05 pct) and Fieratex (15.20 pct) were top gainers, while Leventeris (28.46 pct), Bitros (19.89 pct) and Livanis Publications (19.64 pct) were top losers.