Enthusiastic is the reaction of Athens Stocks after the EU leaders agreed on a new bailout program for Greece.
Greek banks move sharply upwards, with the shares of National Bank, Alpha Bank and Eurobank gaining more than 6%, while ATEBank record profits of 20%.
The turnover is significantly increased, exceeding €57 million, while the biggest part of the board is in green.
The decisions of the European leaders at the EU Summit yesterday on the issue of Greek debt are expected to maintain the momentum in today’s session, according to Pegasus Securities.
“We perceive yesterday’s EU Summit resolutions as very positive, not only as they allow for Greece to significantly lower its fiscal risk, but, more importantly, as they are indicative of the EU leaders’ decisiveness to effectively erect a firewall around the rest EU countries facing fiscal challenges (primarily Italy and Spain) and prevent contagion effects”, said Pegasus.
It expects the market to continue to demonstrate its strength during today’s session, as following 4 months of scorn, investors still have a lot of steam to let go.
On the board, the General Index is at 1,260.15 units with profits of 3.77%. The turnover is at €57.11 million, while a total amount of 106 shares rise, 9 decline and 7 remain unchanged.
Banks gain 6.06% at 936.40 units. ATEBank gains more than 20%, while Alpha Bank and Marfin Popular Bank rise by 8.25% and 7.55% respectively. Eurobank, National Bank, Bank of Cyprus and Hellenic Postbank record profits in the range of 6-7%.
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