[InTime News]
Trader optimism on Tuesday was vindicated on Wednesday, as the Greek stock market performed a rare rally that saw its benchmark add more than 6.5 percentage points in a single session, thanks to the truce agreed between the US and Iran. If that truce holds, considering the various risks to it, markets in general can only look up from now on, with ATHEX being able to concentrate on its status shift from a developing to a developed market.
The Athens Exchange (ATHEX) general index closed at 2,285.92 points, adding 6.58% to Tuesday’s 2,144.71 points. The large-cap FTSE-25 index expanded 7.03%, ending at 5,828.97 points.
The banks index surged 10.71%, as Alpha jumped 13.06%, Piraeus earned 12%, National grew 10.77%, Optima rose 10.71%, Eurobank improved 9.50% and Bank of Cyprus grabbed 6.14%.
Refineries headed lower, as Hellenic Energy eased 2.02% and Motor Oil slipped 0.36%.
In total 114 stocks boasted gains, nine posted losses and eight remained unchanged.
Turnover amounted to €524.6 million, up from Tuesday’s €283.3 million.
In Nicosia, the general index of the Cyprus Stock Exchange increased 5.67%, to 280.29 points.