Stocks ended significantly higher at the Athens Stock Exchange on Tuesday, supported by market optimism over positive developments during an extraordinary Eurogroup meeting to discuss offering additional support to Greece. The composite index of the market rose 1.16 pct to end at 1,266.93 points, with turnover remaining a low 78.346 million euros.
The index was down 1.13 pct early in the session hit by a new downgrade of the Greek economy on Monday.
The Big Cap index rose 1.29 pct, the Mid Cap index eased 0.78 pct and the Small Cap index ended 0.74 pct lower. ATEbank (4.50 pct), Viohalco (4.45 pct), Coca-Cola 3E (4.10 pct) and MIG (3.28 pct) were top gainers, while Ellaktor (6.44 pct), PPC (1.04 pct) and Mytilineos (1.03 pct) were top losers.
The Food (3.93 pct), Insurance (2.0 pct) and Telecoms (1.99 pct) sectors scored the biggest percentage gains of the day, while Technology (2.71 pct), Commerce (1.75 pct) and Utilities (1.43 pct) suffered losses. Broadly, decliners led advancers by 84 to 53 with another 35 issues unchanged. Evrofarma (9.52 pct), Allatini Ceramics (9.09 pct) and Maillis (7.69 pct) were top gainers, while Altec (16.67 pct), Yalco (13.79 pct) and Sato (12.5 pct) were top losers.
Sector indices ended as follows:
Oil & Gas: +1.25%
Personal & Household: +1.15%
Raw Materials: -0.45%
Travel & Leisure: +0.37%
Food & Beverages: +3.93%
Financial Services: +1.68%
The stocks with the highest turnover were Jumbo, National Bank, OPAP and OTE.
Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank: 3.18
Public Power Corp (PPC): 9.50
HBC Coca Cola: 18.01
Hellenic Petroleum: 6.64
National Bank of Greece: 4.86
EFG Eurobank Ergasias: 3.03
Bank of Piraeus: 1.02