With news of the market sentiment turning positive after news of a slowdown in the death toll from the coronavirus in Europe, Greek stocks soared on Monday pushing the general index of the market above the 580-point level.
The positive outcome for Greek stocks is in line with a positive trend prevailing in other European markets.
The general index jumped 8.46% to close at 586.46 points, with the market’s capitalisation rising by 2.8 billion euros. The Large Cap index ended 8.83% higher and the Mid Cap index rose 5.18%. Turnover was 61.62 million euros in volume of 51,665,551 shares. All blue chip stocks ended higher, led by Sarantis (13.83%), Mytilineos (11.31%), National Bank (10.78%), Motor Oil (10.17%), ADMIE (10.16%) and Lamda Development (10.15%). All sectors moved up, led by Food (9.93%), Financial Services (9.43%), Construction (9.42%) and Banks (8.95 %).
Eurobank and Alpha Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 102 to 17 with another 14 issues unchanged. Mevaco (24.24%) and Vioter (19.85%) were top gainers, while Moda Bagno (25.84%) and Forthnet (19.13%) were top losers.