Greek stocks rebounded slightly after Wednesday’s sharp fall on the Athens Stock Exchange. Traders said an early strong rebound was partly halted by an ECB decision to raise interest rates by 50 basis points. Market sentiment was encouraged by a positive climate prevailing in other European markets after a rescue package for Credit Suisse was announced.
The general index of the market rose 0.65% to close at 1,031.91 points, off the day’s highs of 1,045.78 points. The Large Cap index ended 0.63% up and the Mid Cap index eased 0.44%. Turnover was 130.99 million euros in volume of 48,720,730 shares. Piraeus Bank (3.20%), Titan (2.82%), OPAP (2.57%) and Coca Cola HBC (2.36%) scored big gains among blue chip stocks, while Aegean Airlines (-1.65%) and Ellaktor (-1.35%) suffered losses. Among market sectors, Health (3.36%) and Food (2.34%) moved up, while Commerce (-2.51%) and Travel (-1.56%) moved down.
Alpha Bank and Piraeus Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 54 to 46 with another 24 issues unchanged. AAA (11.81%) and Akritas (8.51%) were top gainers, while Vioter (-18.18%) and Yalco (-11.29%) were top losers.