The Greek benchmark was buoyed by bank stocks and prearranged transactions on Tuesday, and ended the session safely clear of the 900-point zone. Turnover also showed a marked improvement.
The Athens Exchange (ATHEX) general index ended at 917 points, adding 1.55 percent to Monday's 902.98 points. The large-cap FTSE 25 index expanded 1.53 percent to 2,296.31 points.
After six straight days of losses Greek stocks rebounded on Tuesday with non-banking blue chips showing the way for the rest of the market on rather satisfactory turnover. The rest of the week will reveal whether this was a mere reaction to the long period of decline or if the benchmark has bottomed out in terms of coronavirus worries.
The main index at Athinon Avenue edged even closer to the elusive milestone of 900 points on Tuesday, with positive reports fueling the growth of bank stock prices and other blue chips.
The Athens Exchange (ATHEX) general index ended at 893.37 points, adding 0.57 percent to Monday's 888.29 points. The large-cap FTSE 25 index expanded 0.42 percent to 2,232.79 points.
The banks index at Athinon Avenue enjoyed a second consecutive day of gains in excess of 4 percent on Friday, building not only on the advance of the Heracles plan for the securitization of bad loans, but also on the upward momentum observed in foreign stock markets. That also led to the benchmark attaining growth just shy of 2 percent.