Greek stocks jump 2.71 pct‏

Gazzetta team 15 Οκτωβρίου 2015 - 18:44

Greek stocks ended sharply higher in the Athens Stock Exchange on Thursday, led by a spectacular jump in bank shares helping the daily turnover to rise to its highest level in the last 19 sessions.

The bank index ended 13.91 pct up, boosted by market expectations that Greek banks’ recapitalisation needs will be lower than earlier estimates. The composite index of the market ended at 694.48 points, up 2.71 pct. The Large Cap index jumped 3.30 pct and the Mid Cap index ended 0.83 pct higher.

Turnover soared to 48.124 million euros with volume at 196,918,280.

Alpha Bank (27.36 pct), Eurobank (25 pct), Piraeus Bank (22.86 pct) and Hellenic Petroleum (4.43 pct) scored the biggest percentage gains of the day among blue chip stocks, while Lamda Development (1.96 pct), Athens Water (1.40 pct) and Grivalia Properties (0.82 pct) suffered heavy losses.

Among market sectors, Banks (13.91 pct), Financial Services (4.48 pct) and Raw Materials (3.34 pct) scored big gains, while Real Estate (1.23 pct) and Chemicals (0.72 pct) sufferered losses.

Broadly, advancers led decliners by 71 to 19, with another 13 issues unchanged. Alpha Bank (27.36 pct), Eurobank (25 pct) and Piraeus Bank (22.86 pct) were top gainers, while Inform Lycos (9.90 pct), Iaso (9.83 pct) and Teletypos (9.09 pct) were top losers.