Public Power Corporation stole the show yet again at the Greek stock market on Thursday, accounting for more than half of the day’s turnover after closing its book for its share capital increase. Its issue was more than 4.5 times oversubscribed and its share price soared 7.23% on the day. That drew the rest of the market higher, too, with Eurobank, which has just opened an office in Mumbai, India, standing out. Overall turnover grew considerably, with the benchmark covering most of its recent losses.
The Euronext Athens (ATHEX) general index closed at 2,266.09 points, adding 2.08% to Wednesday’s 2,220.01 points. The large-cap FTSE-25 index expanded 2.19%, ending at 5,752.31 points.
The banks index jumped 3.11%, as Eurobank surged 5.38%, Piraeus collected 3.84%, National earned 3.09%, Optima grew 1.55%, Bank of Cyprus climbed 0.97% and Alpha rose 0.43%.
In total 59 stocks registered gains, 51 sustained losses and 15 remained unchanged.
Turnover amounted to €703 million, up from Wednesday’s €272.4 million.
