Stocks recovered on Wednesday, ending a string of losing sessions on the market, as investors discounted positive developments coming from a teleconference between the Greek Prime Minister and the leaders of France and Germany later in the day.
The composite index rose 1.67 pct to end at 857.18 points, off the day’s highs of 868.63 points. Turnover, however, remained a disappointing low 66.076 million euros.
The Big Cap index rose 2.09 pct, the Mid Cap index ended 0.57 pct higher and the Small Cap index rose 1.96 pct. OPAP (4.44 pct) and Ellaktor (0.62 pct) were the only blue chip stocks to end lower, while PPC (6.67 pct), National Bank (6.42 pct), Cyprus Bank (4.20 pct) and Hellenic Petroleum (3.0 pct) scored gains.
The Utilities (5.74 pct), Banks (4.35 pct) and Personal Products (2.22 pct) scored the biggest percentage gains of the day, while Travel (3.92 pct), Chemicals (0.96 pct) and Financial Services (0.75 pct) suffered losses. Broadly, advancers led decliners by 90 to 49 with another 42 issues unchanged. Mihaniki (16.67 pct), Fieratex (9.09 pct) and Pairis (8.57 pct) were top gainers, while Tzirakian (18.60 pct), Sanyo Hellas (16.67 pct) and Teletypos (15.57 pct) were top losers.
Sector indices ended as follows:
Oil & Gas: +1.99%
Personal & Household: +2.22%
Raw Materials: +1.53%
Travel & Leisure: -3.92%
Food & Beverages: +0.71%
Financial Services: -0.75%
The stocks with the highest turnover were National Bank, Coca Cola 3E and OPAP.
Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank: 1.62
Public Power Corp (PPC): 6.24
HBC Coca Cola: 12.88
Hellenic Petroleum: 5.84
National Bank of Greece: 3.15
EFG Eurobank Ergasias: 1.15
Bank of Piraeus: 0.59