Greek stocks soared on Monday, pushing the general index of the market near the 780-point level amid a positive climate prevailing in the domestic state bond market where Greek bond yields fell to all-time lows. Investors reacted positively to Sunday’s elections results and a government decision to hold general elections in June, eliminating the risk of a prolonged pre-election period.
The general index soared 6.09 pct to end at 776.60 points, the highest closing since April 18, 2019. The Large Cap index jumped 5.34 pct and the Mid Cap index ended 4.46 pct higher. Turnover soared to 173.612 million euros in volume of 97,065,377 shares. All blue chip stocks ended higher, led by Piraeus Bank (27.41 pct) Alpha Bank (16.32 pct), Ellaktor (15.13 pct), Viohalco (13.78 pct) and Piraeus Port (11.79 pct). All sectors scored gains, led by Banks (11.84 pct), Financial Services (10.88 pct) and Real Estate (10.88 pct). Eurobank and Alpha Bank were the most heavily traded securities of the day.
Broadly, advancers led decliners by 97 to 19 with another 28 issues unchanged. Haidemenos (28.89 pct) and Piraeus Bank (27.41 pct) were top gainers, while Varvaresos (19.76 pct) and Kiriakoulis (15.11 pct) were top losers.