The General Index of ASE moved upwards for a fourth consecutive session, ending above 1,300 units for the first time in nearly a month.
Banks were the driving force to push the market higher on Friday, recording double-digit for week, as the adoption of medium-term program and implementation act whisked away the uncertainty of previous days.
European Commissioner Olli Rehn said that the release of the fifth aid instalment to Greece is practically secured, a statement that contributed to the positive climate, while the market also focused on foreign press reports regarding the total amount of the new support package to Greece (€85b).
The attention is now turned to the Eurogroup’s call conference on Saturday, which replaced the Sunday’s extraordinary meeting. Market analysts comment that next week will focus on the discussions and decisions of the European Finance Ministers, while it remains unclear whether there will be any reference to new aid program to Greece.
They also note that risk-taking should be gradually strengthening, with banks and under-privatization companies in the epicentre of attention, and the Greek government must convince lenders and investors of its ability to implement the new measures.
On the board, the General Index ended at 1,308.48 units, close to session’s high, with profits of 2.30%, after moving into positive territory throughout the trading session. Approximately 28.24 million units worth €97.6 million traded on Friday, while a total amount of 93 shares rose, 42 declined and 145 remained unchanged.
ATEBank topped FTSE20 with profits of 11.03% at €1.51, while Eurobank, National Bank and Alpha Bank jumped by 7.43%, 5.48% and 5.19% respectively. MIG, Piraeus Bank, PPC and Bank of Cyprus gained more than 4%, while Marin Popular Bank and Mytilineos rose by 3.23% and 2.94% respectively.
On the other hand, Jumbo, OTE and Titan declined by 1.15%, 0.47% and 0.30% respectively.
CAPITAL
