Greek stocks rose, ending a four-day decline during which the general index fell 5.53 pct, in the Athens Stock Exchange on Tuesday. Traders said high volatility prevailed in the market amid rumours, later dismissed by QCM, that the hedge fund was preparing negative reports for other Greek-listed companies.
Folli Follie’s share prices rebounded to end 13.70 pct up after losing almost 60 pct in the previous two sessions. The general index rose 0.89 pct to end at 817.92 points, off the day’s lows of 786.81 points. The Large Cap index rose 1.43 pct and the Mid Cap index ended 1.39 pct lower. Turnover was a strong 101.679 million euros in volume of 80,359,506 shares.
Folli Follie (13.70 pct), Alpha Bank (6.45 pct) and Eurobank (4.21 pct) scored big gains among blue chip stocks, while OTE (2.66 pct), Piraeus Bank (1.22 pct) and Titan (1.16 pct) suffered losses. Among market sectors, Commerce (12.99 pct), Banks (3.64 pct) and Health (3.11 pct) scored gains, while Telecoms (2.66 pct) and Technology (2.49 pct) suffered losses. National Bank and Alpha Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 62 to 54 with another 27 issues unchanged. Varvaresos (20 pct), Forthnet (13.79 pct) and Folli Follie (13.70 pct) were top gainers, while Vioter (19.69 pct), G.E.Dimitriou (17.50 pct) and Livanis Publications (16.08 pct) were top losers.