Expectations for positive developments in Tuesday’s Eurogroup meeting, after the Greek Parliament approved a package of prior actions, led Greek stocks to new 2016 highs, ignoring a negative climate prevailing in other European markets. Bank shares were at the focus of buying activity. Sentiment was also boosted by a decline in 10-year benchmark bond yields to six-month lows.
The composite index of the market rose 1.50 pct to end at 649.10 points, the highest closing since November 27, 2015. The Large Cap index jumped 1.92 pct and the Mid Cap index ended 0.57 pct higher. Turnover was a strong 170.296 million euros in volume of 301,831,762.
National Bank (6.80 pct), Eurobank (6.36 pct) and Alpha Bank (4.31 pct) scored the biggest percentage gains of the day, while Jumbo (3.0 pct), Ellaktor (1.46 pct) and Grivalia Properties (1.09 pct) suffered heavy losses.
Among market sectors, Health (5.20 pct), Banks (5.04 pct) and Financial Services (3.04 pct) scored big gains, while Personal Products (2.63 pct), Insurance (1.50 pct) and Telecoms (0.84 pct) suffered losses. National Bank and Piraeus Bank were the most heavily traded securities of the day.
Broadly, advancers led decliners by 55 to 42 with another 25 issues unchanged. Forthnet (19.82 pct), Pegasus (18.56 pct) and ANEK (12.36 pct) were top gainers, while Dionic (18.87 pct), Attica Publications (11.76 pct) and Kloukinas-Lappas (10 pct) were top losers.
Source: banksnews.gr
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