Stocks recovered spectacularly in the last trading session of a very volatile week in the Athens Stock Exchange, as investors reacted positively to news of a positive conclusion of talks between the Greek government and troika officials and hopes of a new support bailout agreement for the country. Bank stocks were at the focus of attention, with the bank index soaring 8.87 pct amid speculation of new deals in the banking sector.
The composite index of the market jumped 4.42 pct to end at 1,333.66 points, for a net gain of 5.43 pct in the week. Turnover was an improved 107.215 million euros.
The Big Cap index jumped 5.67 pct, the Mid Cap index ended 2.39 pct higher and the Small Cap index rose 2.63 pct. ATEbank (24.87 pct) was the only blue chip stock to end lower, while Alpha Bank (12.86 pct), Eurobank (11.11 pct), Cyprus Bank (9.57 pct), Marfin Popular Bank (7.94 pct), Piraeus Bank (7.84 pct) and National Bank (7.80 pct) were top gainers.
All sectors moved higher with Banks (8.87 pct), Financial Services (7.91 pct) and Health (4.63 pct) scoring the biggest percentage gains of the day. Broadly, advancers led decliners by 100 to 42 with another 47 issues unchanged. Altec (20 pct), Alpha Bank (12.86 pct) and Koumpas (12.5 pct) were top gainers, while ATEbank (24.87 pct), Kyriakoulis (12.77 pct) and PC Systems (9.09 pct) were top losers.
Sector indices ended as follows:
Oil & Gas: +3.15%
Personal & Household: +1.98%
Raw Materials: +3.09%
Travel & Leisure: +3.18%
Food & Beverages: +2.06%
Financial Services: +7.91%
The stocks with the highest turnover were National Bank, Coca Cola 3E, OPAP and Eurobank.
Selected shares from the FTSE/ASE-20 index
closed in euros as follows:
Alpha Bank: 3.51
Public Power Corp (PPC): 9.75
HBC Coca Cola: 17.50
Hellenic Petroleum: 6.96
National Bank of Greece: 5.25
EFG Eurobank Ergasias: 3.42
Bank of Piraeus: 1.10