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Athens Stock Exchange Rallies at +6.13%; Banks Jan-Winners with +83%

The month of January finished with a real rally of +6.13% for Athens Stock Exchange. With 796 units, the  General Index almost touched the psychological threshold of 800 units, recording a three-month high. Banks were the winners of the month recording a plus of 83%. Analysts explain the rally with the news from the EU Summit on Monday that the PSI deal is nearing.

“”The January finished for Athens Stock Exchange with the biggest daily rise of the month, and the General Index was found just a breath away from the 800 units, recording a 3month high.

The General Index was supported by the climb of banking index, which continued the upward streak that began from 212 units on January 11, and in 15 meetings (of which only one downward) recorded total profits of 125.53%, in 15 sessions.

After yesterday΄s Summit, which now defines the end of week for the “hot” issues to close, such as the PSI and the new loan agreement, the Greek market began trading in positive territory, but nervously because of the developments in contacts between Alpha Bank and Eurobank.

Keeping in positive territory throughout the trading, the Index widened its profits and was found intraday up to 6.25% at 796.90.

Eventually ended slightly lower than the day- high day, up 6.13% to 796.02 points, which is the highest closing level of General Index since October 31, 2011. The Index closed up 16.99% for the month.

For the index of banks, the trading closed Tuesday at 480.13 points, up 17.25% (17.42% intraday). The total profits of the index for January stood at 82.66%.

On Tuesday, the trading volume was 89.6 million pieces (of which 29.66 million pieces of related transactions Alpha Bank and Eurobank), while the value of transactions stood at 117.27 million. It has to be noted that125 shares closed up, 35 declined and 115 remained unchanged. “” (

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