ATHEX: Local stocks stage partial recovery
Greek stocks on Tuesday reclaimed some of the ground lost in Monday's 8.3 percent slump, on very encouraging trading volume, with banks jumping by over 5 percent to cover almost half of the previous day's losses.
The Athens Exchange (ATHEX) general index ended at 833.81 points, adding 1.89 percent to Monday's six-month low of 818.35 points. The large-cap FTSE 25 index expanded 1.56 percent to 2,106.08 points.
Τhe banks index posted gains of 5.17 percent, thanks to Eurobank's 7.45 percent advance, Piraeus' 4.86 percent rise, National's 4.51 percent increase and Alpha's 3.97 percent growth. Public Power Corporation soared 8.18 percent, EYDAP augmented 7.68 percent and GEK Terna grabbed 5.14 percent.
Some blue chips weighed on the benchmark's recovery, as Coca-Cola HBC dropped 3.23 percent, Sarantis contracted 2.84 percent and Titan Cement fell 2.30 percent.