Greek stocks surge to three-year highs in the Athens Stock Exchange on Wednesday

Greek stocks surged to new three-year highs in the Athens Stock Exchange on Wednesday, extending its rally for the fourth successive session and pushing the general index of the market above the 880-point level. The index rose 1.37 pct to end at 883.98 points, the highest closing since February 26, 2015, gaining 5.54 pct in the last four sessions.

The Large Cap index rose 0.99 pct and the Mid Cap index ended 1.82 pct higher. Turnover exceeded 100 million euros, once again, evidence of increased inflow of foreign capital, mostly from the US, in the Greek market. Turnover totaled 1007.762 million euros in volume of 66,496,109 shares.

PPC (15.69 pct), Hellenic Petroleum (6.11 pct), GEK Terna (5.60 pct) and ADMIE (5.09 pct) scored big gains among blue chip stocks, while Mytilineos (0.50 pct), Alpha Bank (0.49 pct) and National Bank (0.45 pct) suffered losses. Among market sectors, Utilities (5.99 pct), Technology (4.71 pct) and Commerce (4.62 pct) scored big gains, while Raw Materials was the only one to end lower (0.52 pct).

National Bank and Eurobank were the most heavily traded securities of the market. Broadly, advancers led decliners by 97 to 35 with another 20 issues unchanged. Dionic (19.70 pct), Boutaris (19.18 pct) and PPC (15.69 pct) were top gainers, while Euromedica (19.12 pct), Chatzikraniotis (17.78 pct) and VIS (10 pct) were top losers.