News of progress in negotiations between the Greek government and the troika and a decision to maintain the Greek stock market among developed markets for at least another six months, created a positive climate in the Athens Stock Exchange on Wednesday, pushing share prices higher despite a negative trend in other European markets.
The composite index rose 1.40 pct to end at 855.99 points, after rising as much as 1.74 pct during the session. Turnover, however, remained a disappointing low 45.183 million euros.
The Big Cap index ended 0.70 pct higher, the Mid Cap index fell 0.45 pct and the Small Cap index eased 0.57 pct. Coca-Cola 3E (7.34 pct), Folli Follie (2.92 pct) and Cyprus Bank (1.52 pct) were top gainers among blue chip stocks, while MIG (6.25 pct), Titan (2.5 pct) and OTE (1.47 pct) were top losers.
The Food (7.10 pct) and Commerce (2.62 pct) sectors scored gains, while Technology (6.39 pct) and Financial Services (4.15 pct) suffered the heaviest percentage losses of the day. Broadly, decliners led advancers by 66 to 45 with another 56 issues unchanged. Proton Bank (8.33 pct), Dionic (8.0 pct) and Lambrakis Press (6.67 pct) were top gainers, while Forthnet (20 pct), Sanyo Hellas (20 pct) and Paperpack (10.53 pct) were top losers.
Sector indices ended as follows:
Oil & Gas: +0.75%
Personal & Household: -0.65%
Raw Materials: +0.38%
Travel & Leisure: +0.65%
Food & Beverages: +7.10%
Financial Services: -4.15%
The stocks with the highest turnover were HBC Coca Cola, National Bank, OTE and OPAP.
Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank: 1.59
Public Power Corp (PPC): 6.06
HBC Coca Cola: 13.60
Hellenic Petroleum: 6.00
National Bank of Greece: 3.05
EFG Eurobank Ergasias: 1.11
Bank of Piraeus: 0.58