Stocks soar 5.58%

Stocks recovered spectacularly at the Athens Stock Exchange on Tuesday, reflecting a rapid improvement of climate in the market on press reports of a European solution to the Greek debt crisis in June (with the approval of a new loan), and optimism over the release of a fifth tranche of an 110-bln-euro support loan to Greece as the government was nearing agreement with troika officials over a Medium-term Fiscal Strategy Program.
The composite index of the market surpassed the 1,300 level to end at 1,309.46 points, up 5.58 pct, accompanied by a strong rebound in turnover (160.840 million euros). The Big Cap index jumped 6.83 pct, the Mid Cap index ended 3.70 pct higher and the Small Cap index ended 3.92 pct up. PPC (2.02 pct), Hellenic Petroleum (0.45 pct) were the only blue chip stocks to end lower, while Cyprus Bank (17.35 pct), MIG (14.29 pct), Eurobank (10.80 pct), National Bank (10.61 pct), Alpha Bank (8.59 pct) and Hellenic Postbank (8.0 pct) were top gainers.

The Health (2.95 pct) and Utilities (0.73 pct) sectors suffered losses, while the Financial Services (13.16 pct), Banks (10.06 pct) and Raw Materials (6.78 pct) sectors scored the biggest percentage gains of the day. Broadly, advancers led decliners by 131 to 39 with another 33 issues unchanged. Moda Bagno (18.52 pct), Cyprus Bank (17.35 pct) and Maillis (16.67 pct) were top gainers, while AXON Holdings (18.67 pct), Aegean Airlines (11.46 pct) and Entersoft (10 pct) were top losers.

Sector indices ended as follows:
Insurance:  +2.08%
Industrials:  +2.28%
Commercial:  +0.51%
Construction:  +3.08%
Media:  +4.44%
Oil & Gas:  +1.38%
Personal & Household:  +3.79%
Raw Materials:  +6.78%
Travel & Leisure:  +4.22%
Technology:  +3.74%
Telecoms:  +5.81%
Banks:  +10.06%
Food & Beverages:  +5.07%
Health:  -2.95%
Utilities:  -0.73%
Chemicals:  +0.94%
Financial Services:  +13.16%

The stocks with the highest turnover were OPAP, National Bank, Coca Cola 3E and Alpha Bank.

Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank:  3.16
ATEbank:  0.39
Public Power Corp (PPC):  9.21
HBC Coca Cola:  18.10
Hellenic Petroleum:  6.66
National Bank of Greece:  4.90
EFG Eurobank Ergasias:  3.18
OPAP:  12.75
OTE:  7.10
Bank of Piraeus:  1.01
Titan:  17.00

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