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Banking recovery vs. Italian spreads

10/11/2011 11:49
The CSE and the ASE returned to gains on Thursday in view of the announcement on the new Prime Minister of the Greek unity government.

On the other hand, the European stock markets suffer losses for a second day on concerns for Italy. The shot in the cost of borrowing of the Italian government escalated pressures on the eurozone for a comprehensive response to the debt crisis.

The CSE general index is currently up 3.21% to 316.64 points, while FTSE gains 3.12% to 111.21 points.

The trading volume stands at €448.6 thousand with BOCY being the most active stock of the day with €254 thousand. BOCY in the CSE surges 3.72% to €0.780 while in Athens the stock adds 3.60% to €0.777 attracting €701.5 thousand of the investors’ interest.

CPB in the CSE soars 4.81% to €0.218 concentrating €164.4 thousand of the volume while in Athens the share gains 3.81% to €0.218 with a turnover of €414.6 thousand.

Hellenic Bank puts on 0.97% to €0.415.

Overall, 5 securities go up and 2 fall.

ASE

The Athens Stock Exchange enjoys gains of 2.47% to 786.08 points, while FTSE is up 3.47% to 310.16 points.

The trading volume amounts to €18.7 million.

National Bank is the most marketable stock of the day with €6.9 million. NBG climbs 10.84% to €2.25, Alpha Bank with a turnover of €1.6 million soars 9.91% to €1.22, Eurobank surges 7.28% to €0.840 and Piraeus Bank records significant gains of 6.32% to €0.269.

In Europe, the stock markets go down on concerns for the debt crisis spread to Italy.

London falls 0.85%, Paris is down 0.28% and Frankfurt loses 0.42%.

Air France-KLM dropped 4.3% after announcing losses for 2011, Siemens AG declined 2.4% after announcing that its profits will remain stagnant in 2012, while Daimler AG lost 2.6% after reaching an agreement for the sale of part of its stake in European Aeronautic Defence and Space Co. to the German government.