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> Economy

Athens Stock Exchange: Second day of strong rise, Bank of Cyprus shone

The General Index stepped firmly and secured levels above 2,030 points - Favorable reports on bank stocks maintain the positive momentum for the market

Newsroom August 5 06:08

The market’s explosive rise continued to new highs, and with the help of – who else – bank stocks but also GEK Terna, PPC, OTE, MOI, it went two for two and closed at 2,034.65 points, up 1.43%.

Bank of Cyprus shares shone in today’s session as it announced strong second-quarter results and also raised the bar on its dividend policy, as it announced an interim dividend of €87 million or €0.20 per share with a cut-off date of September 20. The shares closed at €7.18, up 6.53%, helped by a highly favourable report from Euroxx.

The high of the day on the General Index reached 2,034.67 points and the low was 2,005.96 points. Turnover reached 258.1 million euros.

The high-cap index rose 1.45% to 5,121.6 points, and the mid-cap index recorded a gain of 0.93% to 2,905.67 points.

The banking index gained 1.56% to 2,246.78 points

89 stocks were up, 26 stocks were down and 11 stocks were unchanged.

GEK Terna rose +2.04% to EUR 21.98 , PPC +1.7% to EUR 14.33 and TITAN +1.38% to EUR 36.8.

Prodea -1.68% at EUR 5.85 and Cenergy Holdings -1.33% at EUR 10.36 were down.

Regarding the systemic banks, Tr. Piraeus gained +1.43% to 6.93 euros, Eurobank +1.65% to 3.32 euros and ETE +1.99% to 12.8 euros, while Alpha Bank lost 0.20% to 3.50 euros.

Tomorrow, the results of Coca Cola and OTE are expected before the start of the HA session.

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In international markets, European indices are moving up, while US indices are in the red.

 

 

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