Stocks soared on Tuesday, pushing the composite index of the market above the 1,650 level at the Athens Stock Exchange. Buyers took the upper hand in the market encouraged by hopes over a favourable solution to the Greek debt crisis, a significant decline in Greek bond spreads, a successful completion of a share capital increase plan by Piraeus Bank and positive recommendations for the Greek bourse by Credit Suisse.

The composite index jumped 4.41 pct to end at 1,663.60 points, with turnover rising to a massive 238.587 million euros. The Big Cap index jumped 5.35 pct, the Mid Cap index rose 2.74 pct and the Small Cap index ended 2.74 pct higher. Eurobank (10.75 pct), Alpha Bank (10.75 pct), Cyprus Bank (9.39 pct), National Bank (7.65 pct) and Piraeus Bank (6.02 pct) were major gainers among blue chip stocks, while OTE (2.25 pct), Motor Oil (0.65 pct) and Titan (0.58 pct) were losers. The Telecoms sector was the only one to end lower (-2.25 pct), while Banks (8.07 pct), Financial Services (5.71 pct) and Health (5.60 pct) scored the biggest percentage gains of the day.

Broadly, advancers led decliners by 159 to 36 with another 40 issues unchanged. Proton Bank (19.72 pct), Ridenco (14.19 pct) and Eurobank (10.75 pct) were top gainers, while Xylemporia (14 pct), Attikat (12.5 pct) and Allatini Ceramics (10.2 pct) were top losers.

 

Sector indices ended as follows:

Insurance:

+4.64%

Industrials:

+1.94%

Commercial:

+1.94%

Construction:

+2.08%

Media:

+0.22%

Oil & Gas:

+3.43%

Personal & Household:

+2.30%

Raw Materials:

+3.00%

Travel & Leisure:

+4.60%

Technology:

+1.14%

Telecoms:

-2.25%

Banks:

+8.07%

Food & Beverages:

+2.65%

Health:

+5.60%

Utilities:

+2.16%

Chemicals:

+3.11%

Financial Services:

+5.71%

The stocks with the highest turnover were National Bank, Marfin Popular Bank, Alpha Bank and PPC.

Selected shares from the FTSE/ASE-20 index

closed in euros as follows:

Alpha Bank:

4.74

ATEbank:

0.79

Public Power Corp (PPC):

12.26

HBC Coca Cola:

22.10

Hellenic Petroleum:

7.38

National Bank of Greece:

7.60

EFG Eurobank Ergasias:

4.74

OPAP:

15.40

OTE:

7.37

Bank of Piraeus:

1.76

Titan:

15.35