The Greek bourse produced another session of significant gains on Monday, in contrast to the trend in the rest of the eurozone, with the main index climbing to highs unseen since August 2010. Boosted by the recent credit rating upgrading by Moody’s for state bonds and banks, and the various corporate news (results as well as mergers and acquisitions), Athinon Avenue has now reversed almost all the losses its benchmark suffered during the crisis of the 2010s.
The Athens Exchange (ATHEX) general index closed at 1,726.52 points, adding 1.73% to Friday’s 1,697.11 points. The large-cap FTSE-25 index expanded 1.90%, ending at 4,269.85 points.
The banks index rose 2.45%, as Alpha jumped 4.43%, National fetched 2.99%, Piraeus earned 1.57% and Eurobank grew 1.54%. Sarantis soared 4.69%, Motor Oil climbed 3.31%, PPC augmented 3.13% and Metlen advanced 2.89%.
In total 61 stocks boasted gains, 23 posted losses and 2710 remained unchanged.
Turnover amounted to €190.9 million, down from last Friday’s €467.2 million.
In Nicosia, the general index of the Cyprus Stock Exchange decreased 0.27% to close at 241.02 points.