Greek stocks ended slightly higher on the Athens Stock Exchange on Thursday in contrast to a downward trend prevailing in other European markets after ECB’s decision to raise interest rates by 25 basis points and leaving the door open to more hikes.
The general index of the market rose 0.24% to close at 1,098.57 points, off the day’s highs of 1,102.44 points. The Largre Cap index ended 0.25% up and the Mid Cap index ended 0.14% lower. Turnover was a low 66.25 million euros in volume of 19,239,063 shares.
Piraeus Bank (1.85%), Eurobank (1.60%), Mytilineos (1.47%) and National Bank (0.95%) scored big gains among blue chip stocks, while IPTO (-1.78%), Motor Oil (-1.67%) and Sarantis (-1.56%) suffered losses. Among market sectors, Financial Services (8.38%) and Industrial Products (1.24%) moved up, while Health (-2.67%) and Oil (-1.29%) moved down. Piraeus Bank and Alpha Bank were the most heavily traded securities of the day. Broadly, decliners led advancers by 54 to 39 with another 17 issues unchanged. MIG (28.31%) and Progressive (11.70%) were top gainers, while Fieratex (-7.54%) and Frigoglass (-5.83%) were top losers.
