Greek stocks stage technical rebound

Gazzetta team 6 Αυγούστου 2015 - 19:28

Ανακαλύψτε περισσότερα άρθρα στα αποτελέσματα αναζήτησης.

Greek stocks rebounded on Thursday after a three-day plunge which pushed the composite index of the market 19.35 pct down and the bank index 63.81 pct lower

Bank shares took a deep breath after a three-day hammering with analysts noting that a reappearance of buyers showed that the market was entering a balancing phase, without excluding a period of high volatility in the market until the market sees the results of a stress test round for Greek banks.

The composite index of the Athens Stock Exchange rose 3.65 pct to end at 666.68 points, near the day’s highs of 668.64 points. The market’s capitalization grew 1.7 billion euros, after losing 11.34 billion euros in the previous three sessions. Turnover was a moderate 74.06 million euros. The Large Cap index jumped 4.81 pct and the Mid Cap index ended 3.86 pct higher.

National Bank (27.47 pct), Eurobank (17.31 pct), Alpha Bank (11.61 pct) and OTE (9.28 pct) scored the biggest percentage gains among blue chip stocks, while Grivalia Properties (6.08 pct), Folli Follie (4.55 pct) and METKA (1.05 pct) suffered losses.

Among market sectors, Banks (17.78 pct), Health (14.89 pct) and Telecoms (9.28 pct) were top gainers, while Commerce (4.47 pct) and Real Estate (3.66 pct) suffered heavy losses.

Broadly, advancers led decliners by 77 to 22 with another 8 issues unchanged. Newsphone Hellas (29.83 pct), National Bank (27.47 pct) and Centric Holdings (23.68 pct) were top gainers, while Kekrops (24.53 pct), Pasal (19.77 pct) and Dionic (19.44 pct) were top losers.