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Economy

Greek Stocks End 2.02% Up as U.S. Election Day Finally Arrives

ATHENS — Stocks are rallying Tuesday as Election Day finally arrives following a punishing campaign that created enough uncertainty to help send markets spinning.

Greek stocks ended strongly higher in the Athens Stock Exchange amid a positive climate prevailing in other European markets. The general index of the market jumped 2.02 pct to end at 584.48 points, off the day’s highs of 585.52 points. The index is up 3.64 pct in the last three sessions.

The Large Cap index ended 2.75 pct higher and the Mid Cap index rose 0.43 pct. Turnover was 43.074 million euros in volume of 28,241,067 shares. Jumbo (9.68 pct), National Bank (6.43 pct) and Eurobank (5.24 pct) scored big gains among blue chip stocks, while Ellaktor (0.65 pct), Lamda Development (0.40 pct) and Sarantis (0.35 pct) suffered losses. Among market sectors, Banks (4.82 pct) and Travel (4.23 pct) moved up, while Real Estate (0.40 pct) and Personal Products (0.38 pct) moved down.

Eurobank and Alpha Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 67 to 36, with another 23 issues unchanged. Pasal (29.41 pct) and CPI (12.07 pct) were top gainers, while Ilyda (13.51 pct) and GEKE (9.71 pct) were top losers.

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ATHENS — Credit ratings company Fitch has revised Greece’s outlook to positive from stable, although it kept the country’s rating at BB, two notches below investment grade.

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TNH’s Happenings of the Week by Eraklis Diamataris

The National Herald’s Happenings of the Week (Jan 8 – Jan 15) as have been reported at the print and digital editions of TNH and presented by the TNH Editor Eraklis Diamataris.