The mild growth in stock prices on the main eurozone markets (Frankfurt and Paris) and the rather favorable reports by foreign firms on the course of bank stocks contributed in the eagerly awaited reaction of the Greek bourse on Tuesday. This was also implemented on improved turnover, with traders appearing ready to free themselves from being swayed by political statements regarding the war in the Middle East, focusing instead on the bare facts.
The Athens Exchange (ATHEX) general index closed at 2,065.04 points, adding 2.90% to Monday’s 2,006.93 points. The large-cap FTSE-25 index expanded 3.02%, ending at 5,234.12 points.
The banks index grew a considerable 5.04%, as Alpha jumped 6.73%, Eurobank obtained 6.33%, Piraeus earned 5.37%, National secured 4.21%, Bank of Cyprus collected 2.45% and Optima rose 2.16%. Viohalco fared even better, advancing 7.48%.
In total 91 stocks secured gains, 19 endured losses and 15 remained unchanged.
Turnover amounted to €337.5 million, up from Monday’s €259.1 million.
In Nicosia, the general index of the Cyprus Stock Exchange increased 0.93% to close at 257.29 points.