Greek stocks end strongly up, banks soar‏

Gazzetta team 5 Οκτωβρίου 2015 - 21:32

A spectacular rebound of bank share prices helped the composite index of Athens Stock Exchange to move strongly higher on Monday. Traders said market sentiment was encouraged by a positive climate prevailing in international markets.

The bank index jumped 22.15 pct after falling by 30.67 pct last week. The composite index jumped 4.07 pct to end at 667.09 points. The Large Cap index soared 5.40 pct and the Mid Cap index ended 1.57 pct higher. Turnover was an improved 32.369 million euros, with a volume of 148,623,523.

Alpha Bank (25 pct), Piraeus Bank (24.65 pct), National Bank (20.55 pct) and Eurobank (20 pct) scored the biggest percentage gains of the day, while Athens Water (0.35 pct) and Motor Oil (0.09 pct) were the only blue chips to end lower.

Among market sectors, Banks (22.15 pct), Financial Services (7.28 pct) and Telecoms (6.60 pct) scored big gains, while Insurance (1.35 pct) and Technology (1.29 pct) suffered heavy losses.

Broadly, advancers led decliners by 62 to 32 with another 13 issues unchanged. Alpha Bank (25 pct), Piraeus Bank (24.65 pct) and National Bank (20.55 pct) were top gainers, while Trastor (17.14 pct), MIG Real Estate (13.45 pct) and Logismos (10 pct) were top losers.