Greek market rebounded on Wednesday, as the General Index ended in positive territory, though in a thin turnover.
Following yesterday’s heavy losses of 6.26%, banks moved upwards on Wednesday, ending at 1274.68 points, up 2.15%, with intraday gains of 4.47%.
Eurobank and Ellaktor stood out across FTSE20, with profits of 4.2%, while National Bank, which had been moving upwards throughout the trading session, ended at EUR 6.25, up 1.63% in a turnover of EUR 19.06mn.
Analysts consider today’s upward trend a technical response, and expect nervousness to maintain in domestic market ahead of European Summit on Friday.
Investors have put European developments on focus and volatility is well-expected for this month, until the European Summit in late March.
Across the board, the General Index ended at 1541.02 units, up 1.02%, with intraday gains of 2.03%. Approximately 34.9mn units worth EUR 87.32mn, while a total amount of 95 shares rose, 50 declined and 139 remained unchanged.
Eurobank and Ellaktor topped FTSE20, with gains of 4.19% and 4.18% respectively, while Alpha Bank and Marfin Popular Bank rose by 2.35%. Piraeus Bank, Mytilineos gained 2.14% and 2% respectively, while Titan, Bank of Cyprus and ATEBank posted profits of more than 1%.
On the other hand, MIG declined by 1.27%, while OPAP and Viohalco posted minor losses of 0.32% and 0.25% respectively.
source: CAPITAL
