ATHEX: Traders share optimism at Athinon Avenue

Traders astatine Athinon Avenue connected Tuesday placed their bets connected the Greek stock marketplace getting upgraded by FTSE Russell from an “emerging” to a “developed” market, which saw banks and astir different bluish chips rebound and the benchmark retrieve astir of its Monday losses. The verdict of FTSE Russell was expected precocious connected Tuesday night. The main scale has started looking toward 2,100 points, but if France continues to beryllium embroiled successful governmental uncertainty, perchance with a snap election, the jitters will surely scope the Greek marketplace too.

The Athens Exchange (ATHEX) wide scale closed astatine 2,069.60 points, adding 0.80% to Monday’s 2,053.08 points. The large-cap FTSE-25 scale expanded 0.85%, ending astatine 5,237.68 points.

The banks scale collected 1.25%, arsenic Piraeus earned 2.12%, National grabbed 1.80%, Bank of Cyprus grew 1.28% and Alpha obtained 0.81%.

In total 54 stocks secured gains, different 54 endured losses and 16 remained unchanged.

Turnover amounted to 196.8 cardinal euros, up from Monday’s €185.9 million.

In Nicosia, the wide scale of the Cyprus Stock Exchange decreased 0.28% to adjacent astatine 283.74 points.