Stocks jump 4.46% on Wed.

Stocks soared on Wednesday, pushing the composite index of the market above the 1,500 level at the Athens Stock Exchange.

Market analysts attributed this advance to speculation – dismissed by the Greek government – over a restructuring of the Greek debt, and discussion of more favourable tax legislation for enterprises.

The index jumped 4.46 pct to end at 1,507.40 points, with turnover rising to 123.130 million euros. The Big Cap index jumped 4.80 pct, the Mid Cap index ended 2.76 pct higher and the Small Cap index rose 3.74 pct.

All sector indices ended higher, with the Health (13.74 pct), Banks (5.81 pct) and Food/Beverage (5.72 pct) recording the biggest percentage gains of the day. Alapis (21.05 pct), Lavipharm (16.28 pct), Kreka (12.5 pct), Nafpaktos Spin Mills (10 pct) were major gainers, while Elsbisco (15.56 pct), Olympic Catering (9.68 pct) and Vioter (9.09 pct) were top losers.

 

Sector indices ended as follows:
Insurance:	+3.12%
Industrials:	+1.31%
Commercial:	+5.12%
Construction:	+3.44%
Media:	+2.13%
Oil & Gas:	+3.37%
Personal & Household:	+0.23%
Raw Materials:	+5.64%
Travel & Leisure:	+3.38%
Technology:	+3.08%
Telecoms:	+2.28%
Banks:	+5.81%
Food & Beverages:	+5.72%
Health:	+13.74%
Utilities:	+3.05%
Chemicals:	+3.95%
Financial Services:	+5.03%

The stocks with the highest turnover were National Bank, Alpha Bank, Bank of Cyprus and Piraeus Bank.

Selected shares from the FTSE/ASE-20 index closed in euros as follows:
Alpha Bank:	3.89
ATEbank:	0.77
Public Power Corp (PPC):	11.19
HBC Coca Cola:	21.28
Hellenic Petroleum:	6.35
National Bank of Greece:	6.70
EFG Eurobank Ergasias:	3.89
OPAP:	13.83
OTE:	7.18
Bank of Piraeus:	1.57
Titan:	15.99