Greek stocks ended sharply higher in the last trading session of the week in the Athens Stock Exchange on Friday, amid a positive climate prevailing in international markets on investor optimism over a positive outcome in a trade dispute between US and China.
Traders said buying interest focused on bank shares as investors welcomed a "Hercules" plan to resolve Greek banks' NPLs problem.
The general index rose 1.99 pct to end at 855.95 points. The index rose 3.84 pct in the week, loses 1.44 pct so far in October, but gains 39.56 pct so far this year.
The Large Cap index rose 2.16 pct and the Mid Cap index ended 1.59 pct higher. Turnover was an improved 73.188 million euros in volume of 40,085,776 shares. National Bank (5.88 pct), PPC(5.37 pct) and Piraeus Bank (5.30 pct) scored big gains among blue chip stocks, while Lamda Development (0.40 pct) and Titan (0.11 pct) suffered losses. Among market sectors, Banks (4.42 pct) and Commerce (3.82 pct) moved up, while Technology (2.02 pct) and Health (0.98 pct) moved down. Eurobank and Alpha Bank were the most heavily traded securities of the day. Forthnet (19.87 pct) and J&P AVAX (10.03 pct) were top gainers, while MLS (29.83 pct) and Leventeris (29.57 pct) were top losers.