ASE: The General Index closed in a 4-month high
The General Index at Athens Stock Exchange closed at the highest level since September 22, 2011, after alternating sign changes at both, while the market’s still focused on political development.
In contrast to the General Index, who completed four consecutive upward sessions, the banking index closed in negative.
At FTSE20 index, from non-bank securities, the only share that has completed the negotiation in a negative sign was FFgroup. At the "top" of the profits stood Motor Oil, PPC, Mytilineos and OTE.
The talks at the Eurogroup meeting are in the spotlight, however no specific decision is said to be made.
Domestic analysts commented that the market is still ahead of the major obstacles to overcome, such as the successful completion of the PSI or the process of recapitalization of banks, but noted that the motion of ASE in recent days indicates the mood of the market to discount, at the time, tangible improvements. And consider that the high volatility observed in recent sessions will likely remain a key feature of the meetings of Athens Avenue for some time yet.
On the board, the General Index closed at 823.96 points up 1.83%. Despite the decline of 1.39% at the beginning of trading, the index was found intraday up 2.33% at 828.01 points.
The banking index, closed down 1.53% at 473.75 points after the intraday low of 443.69 points recorded at (-7, 77%).
On Thursday the trading volume stood at 67.17 million units worth 106.25 million euros, while 114 shares closed up, 57 declined and 1404 remained unchanged.
(capital.gr)
