Greek stocks continue upward rally, with bourse ending at 622.23 points

Greek stocks continued to rally strongly in the Athens Stock Exchange on Thursday, buoyed by a positive climate in European markets and the Fed's decision to raise interest rates for the first time since 2006. The bourse rose to 620 points on the back of share price increases for banks, OPAP and utilities.

The composite index of the market rose 3.50 pct to end at 622.23 points, off the day's highs of 624.43 points, gaining 6.70 pct in the last two sessions. The Large Cap index rose 3.51 pct and the Mid Cap index gained 3.33 pct.

Turnover was a heavy 259.94 million euros in volume of 406,910,195. The blue chip stocks that made the strongest gains during the day were OPAP (7.59 pct), Hellenic Exchanges (7.32 pct), PPC (6.92 pct), and Eurobank (6.80 pct), while the heaviest losses were for Motor Oil (-3.56 pct), Grivalia Properties (-1.13 pct) and METKA (-0.97 pct).

Among market sectors, Financial Services (6.77 pct), Travel (6.21 pct) and Telecommunications (5.66 pct) scored the biggest percentage gains of the day, while Oil (-2.29 pct) and Raw Materials (-0.54 pct) suffered heavy losses.

Broadly, advancers led decliners by 74 to 32 with another 16 issues unchanged. Dromeas (30 pct), Sidma (20 pct) and Akritas (19.69 pct) were top gainers, while Forthnet (-19.32 pct), Athina (-18.75 pct) and Boutaris (-16.67 pct) were top losers.

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