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Athens Stock Exchange Up, As Markets Optimist About the Greek Deal

Athens Stock Exchange rallies positive on Monday morning, as markets are optimist about the Greek deal, the new loan agreement with the country’s lenders. At 12:48 noon, the General Index records a +3.13% and heads towards 800 units.

The General Index of Athens Stock Exchange is heading to 800 units, driving by the new climb of banks. The rise of the banking index is triggered by the agreement on the terms of the recapitalization which seems to favor a solution that does not mean “nationalization”.

The shares of Alpha Bank, Hellenic Postbank and Piraeus Bank stand on the top of FTSE 20 index recording double digit gains followed by NBG, which was climbing up to 2.87 euro (12.55%), earlier.

In negative territory down 0.79% and 0.41% in FTSE20 are the titles of the PPC and OPAP at 3.75 and 7.22 euro.

“Nervousness and volatility are expected to continue in the domestic market due to the prolonged negotiations between the Greek government and Troika. Session is expected to be influenced by news flow, while today’s session is likely to be a strong indicator for the market tendency that will be followed during the coming sessions”, said Beta Securities. (Further reading Capital.gr)

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