Blue chips boosted the Greek stock market on Thursday, with banks and technology stocks securing significant gains, despite the decline in trading volume. This was in line with the historic highs that New York indexes S&P 500 and Nasdaq posted the previous day. However, there is no indication the local market will cease yo-yoing, as one day’s rise appears to be the next day’s drop, at least as long as the conflict persists in the Middle East.
The Athens Exchange (ATHEX) general index closed at 2,298.84 points, adding 1.38% to Wednesday’s 2,267.45 points. The large-cap FTSE-25 index expanded 1.47%, ending at 5,834.33 points.
The banks index advanced 2.77%, with Eurobank surging 5.48%, Alpha rising 4%, Piraeus improving 2.71%, National grabbing 1.67% and Optima collecting 1.21%, while Bank of Cyprus declined 1.69%.
In total 69 stocks reported gains, 41 sustained losses and 13 remained unchanged.
Turnover was the lowest of the last two weeks, amounting to €187.4 million, down from Wednesday’s €254.4 million.
