ASE welcomed the European agreement on the Greek bailout program with enthusiasm, as Greek banks jumped by 11.7% and General Index recorded the highest profits for year, while the turnover exceeded €160 million.
The positive news from Brussels triggered an upward outbreak helped by banks, after a long period of weakness, inactivity and “sterile” fluctuations. Euphoria was spread across the board, and the session closed with just 13 shares in negative territory, while 155 shares rose and 112 remained unchanged.
The General Index, moving on positive grounds throughout the trading meeting, ended at session (1,286.15 units) with profits of 5.91% (the highest percentage increase in 2011), while cumulative profits for week amounted to 9.28%.
Banks moved violently upwards by 11.68% (also the highest percentage increase in 2011) at 986.00 units, with profits of 24.03% for week.
ATEBank topped FTSE20 with profits of 27.42% at €0.79, while Alpha Bank and Marfin Popular Bank gained 18.81% and 13.21% respectively. Hellenic Postbank and Bank of Cyprus recorded profits of 13.11% and 12.09%, while Eurobank rose by 11.70% at €3.15.
Similar trends prevailed in the rest of the board. Ellaktor and MIG moved up by 8.70% and 7.69%, while OPAP and PPC closed with profits of 6.21% and 5.62% at €11.81 and €9.40 respectively.
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