Wednesday, January 12, 2011

Stocks soar 5.02% on Wed.

   Stocks soared at the Athens Stock Exchange on Wednesday, pushed higher by a positive climate prevailing in European markets on expectations that European leaders will take decisions to resolve the debt crisis, a development
that led to a successful auction of state bonds in Portugal and a significant decrease in Greek bond yields.

    The composite index of the market jumped 5.02 pct to end at 1,438.03 points, with turnover rising to 130.731 million euros.

    The Big Cap index rose 5.95 pct, the Mid Cap index ended 2.74 pct higher and the Small Cap index ended 3.48 pct up. Cyprus Bank (14.66 pct), Hellenic Postbank (9.47 pct), Viohalco (8.93 pct), National Bank (7.88 pct) and Piraeus Bank (7.55 pct) were top gainers among blue chip stocks, while the Banks (8.12 pct) and Raw Materials (6.04 pct) sectors scored the biggest percentage gains of the day. The Health sector was the only one to end lower (1.21 pct). Broadly, advancers led decliners by 138 to 35 with another 48 issues unchanged.

    Spider (17.65 pct), Cyprus Bank (14.66 pct), Mohlos (11.11 pct) and Progressive (10.53 pct) were top gainers, while Pairis (20 pct), Edrasi (12.5 pct) and Nutriart (9.09 pct) were top losers.



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