The Greek stock market’s momentum continues strong, taking the benchmark to historic highs and bank stock prices to levels unseen in almost a decade. Wednesday’s performance at Athinon Avenue took the main index to its highest point since February 2011, with traders believing that the prospects of a truce in Ukraine and a possible upgrade of Greece’s credit rating on Friday night by Moody’s can fetch significant profits to those who buy early enough.
The Athens Exchange (ATHEX) general index closed at 1,666.21 points, adding 2.58% to Tuesday’s 1,624.34 points. The large-cap FTSE-25 index expanded 2.94%, ending at 4,118.36 points.
The banks index soared 4.22%, thanks to Alpha jumping 5.98%, Eurobank earning 4.64%, National climbing 3.77% and Piraeus fetching 3.38%. Viohalco grew 3.21%, Titan Cement obtained 3.16% and Aktor improved 3.06%.
In total 75 stocks secured gains, 28 endured losses and 22 remained unchanged.
Turnover amounted to 258 million euros, up from Tuesday’s €213.6 million.
In Nicosia, the general index of the Cyprus Stock Exchange increased 0.08% to close at 228.09 points.
