Greek stocks rebound strongly
which pushed the composite index of the market 5.80 pct lower. The market reacted positively to news of an agreement reached between Greek authorities and the country’s creditors and to news of a successful completion of share capital increase plans by Alpha Bank and Eurobank. The bank index, however, ended lower (-6.96 pct) as the market understood that banks were covering their book building offers but at substantially lower prices.
The composite index of the market rose 2.18 pct to end at 657.88 points, off the day’s highs of 668.36 points. The Large Cap index ended 2.32 pct higher and the Mid Cap index fell 0.81 pct. Turnover was an improved 54.225 million euros in volume of 384,729,863.
PPC (7.52 pct), Hellenic Exchanges (6.85 pct), Viohalco (6.50 pct) and Grivalia Properties (5.67 pct) were top gainers among blue chip stocks, while Piraeus Bank (12.20 pct), Eurobank (11.11 pct), National Bank (7.56 pct) and Aegean Airlines (1.18 pct) suffered the heaviest percentage losses of the day.
Among market sectors, Financial Services (5.76 pct), Utiities (5.58 pct) and Oil (5.51 pct) scored big gains, while Insurance (8.33 pct), Banks (6.96 pct) and Technology (0.97 pct) suffered heavy losses.
Broadly, advancers led decliners by 51 to 46 with another 14 issues unchanged. Lavipharm (19.33 pct), Altec (18.18 pct) and G.E.Demetriou (12.5 pct) were top gainers, while Varvaresos (20 pct), Sidma (17.30 pct) and Audiovisual (12.28 pct) were top losers.
