Thursday, January 20, 2011

Stocks end significantly higher

 Stocks continued moving higher for the second consecutive session at the Athens Stock Exchange on Thursday, pushed by strong buying interest for Greek bank shares, particularly by foreign portfolios.

    Market analysts said that despite official rejections, investors were increasingly discounting an agreement towards a lasting solution of the debt crisis plaguing Greece, Portugal, Ireland and possibly
Spain.

    The composite index of the market jumped 2.62 pct to end at 1,546.93 points, with turnover a strong 148.721 million euros. Cyprus Bank (6.64 pct), PPC (4.83 pct), OTE (3.62 pct), National Bank (3.28 pct) and OPAP (3.04 pct) were to gainers among blue chip stocks, while Jumbo (2.33 pct) and Piraeus Bank (1.91 pct) were top losers.

    The Big Cap index rose 2.68 pct, the Mid Cap index ended 2.46 pct higher and the Small Cap index rose 1.58 pct. The Health (4.94 pct) and Utilities (4.72 pct) sectors scored the biggest percentage gains of the day, while the Personal Products (0.64 pct) suffered losses. Broadly, advancers led decliners by 118 to 46 with another 63 issues unchanged. Lazaridis (20 pct), Technical Publications (17.5 pct) and Varvaressos (14.29 pct) were top gainers, while Attica Publications (20 pct), Tsoukaridis (19.47 pct) and Tegopoulos (17.14 pct) were major losers.

   

source: ana-mpa