Athens Stock Exchange Rallies With +4.26%

It looks as if markets and investors are the only ones satisfied with the passing of the new loan agreement. Athens Stock Exchange skyrockets on Monday morning, and the General Index records a +4.26% at 12:53 pm local time. The beginning of today’s session was even more spectacular with a +5.67%. Maybe the political developments and the government reshuffle due to take place in the next 24 hours or days have braked a bit the investors’ joy.

“Athens Stock Exchange welcomed with a relief and strong upward trends the 199 “yes” with which the new loan agreement was approved by the House.

The banking index is climbing up to 12%, while the General Index rises above 840 units, for the first time since late September.

At the “top” FTSE20’s profits, with double-digit percentage gains, stand Piraeus Bank, Eurobank, Alpha Bank, Hellenic Postbank and MIG, while NBG was up 11.94% earlier.

“Market is expected to react positively to the vote of second memorandum that will lead the way to the announcement of PSI terms on Wednesday. Market is expected to price in the decreasing probability of adverse scenarios and opening towards 820 units”, said Beta Securities.

 On the board, the General Index stands at 837.34 units up 5.02%. Moving upward from the beginning of trading, was found earlier up 5.67% at 842.57 points.

The banking index climbs at11.129% to 484.47 points, with the trading volume at 24.8 million units worth 38.9 million euros.” (Capital.gr)