MIG and Mytilineos topped FTSE20, while banks rose sharply with Bank of Cyprus, National Bank and Marfin Popular Bank standing out.
Note that FTSE40 and FTSE80 ended enhanced by 3.52% and 2.26% respectively.
“Any developments or rumours about eurozone support to weak member states negotiations should provide direction on the ASE for the next two months”, said Kyprou Securities in its morning report.
The announcement of the listed companies’ results, especially Coca-Cola 3E’s, will be on the spotlight tomorrow, while analysts state that the domestic market will continue to monitor the cost of Greece’s borrowing.
"The falling yield in the 26-week T-Bill auction gave a major boost to investor mood," Nikolaos Galousis, head of analysis at Kappa Securities, told Dow Jones Newswires. "Volatility will be high but I expect the upward trend to continue if conviction keeps growing of a comprehensive solution to the local debt crisis," he added.
Across the board, the General Index ended at 1669.82, up 0.98%, posting intraday gains of 1.79%. Approximately 36.97mn units worth EUR134.63 were traded, while a total amount of 122 shares rose, 53 declined and 109 remained unchanged.
Banks gained 1.91%, ending at 1482.46 units. Geniki Bank and Bank of Cyprus climbed by 3.43% and 3.34% respectively, while Marfin Popular Bank and National Bank followed with profits of 2.83% and 2.67% respectively. Alpha Bank, Hellenic Postbank and Eurobank rose by 1.53%, 0.31% and 0.22% respectively, while Piraeus Bank declined by 1.22%.
Across FTSE20, apart from banks, MIG and Mytilineos soared by 5.63% and 4.97% respectively, while Jumbo and OTE rose by more than 3%. Hellenic Petroleum and Ellaktor ended firmer by 1.76% and 1.26% respectively, while Viohalco and Coca-Cola 3E declined by 1.9% and 1.19% respectively.
