Share prices’ gains surpassed 100% during a rally at the Athens Stock Exchange this year, which pushed the composite index of the market from a low of 1,370 to around 1,700 points currently.
The Greek bourse apparently surprised even the most optimistic portfolios, which expected a correction in the market, as the composite index recovered losses of the previous five months, establishing a more positive climate in the market.
The composite index moved up for four weeks in a row, for a net gain of 21.54%, with the Big Cap index rising 22.06%, the Mid Cap index up 14.99% and the Small Cap index rising 22.41%.
Cyprus Bank (45.92%), Ellaktor (31.37%), Mytilineos (31.34%), Eurobank (30.27%), Hellenic Petroleum (30.27%), Viohalco (29.53%), National Bank (28.76%), Alpha Bank (27.26%) and Motor Oil (25.07%) were top gainers among blue chip stocks. Among medium-capitalization stocks, Korinth Pipes (64.18%), Halcor (56.67%), Mihaniki (51.52%), Proton Bank (50%) and Elval (41.35%) were top gainers, while among small caps, Intrakat (125.42%), ETEM (103.03%), Alko (85.29%) and Vioter (75%) were top gainers.
On the other hand, Pegasus (20.9%), Tegopoulos (17.14%) and Edrasi (12.5%) were major losers.
source: ANA
