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Banks enjoy gains

19/01/2011 17:45
The CSE records impressive gains on Wednesday, influenced by Bank of Cyprus.

By the time this text was in progress, the CSE general index was up 3.55% to 1095.11 points, while FTSE gained 3.4% to 370.6 points.

Bank of Cyprus in the CSE climbs 5.28% to €2.79 with a turnover of €726.4 thousand, while in Athens the stock soars 4.10% to €2.79 attracting €4.41 million of the volume. As announced today, the Bank of Cyprus share is the top choice of HSBC from the Greek banking sector due to its defensive characteristics and its prospects of growth.

Marfin Popular Bank in the CSE inches up 0.93% to €1.08 with a turnover of €1.1 million, while in Athens it records gains of 0.93% to €1.08.

Hellenic Bank is up 1.16% to €0.87.

The third most marketable stock of the day is Avacom. Its share jumps 10.53% to €0.21 attracting €47.2 thousand of the turnover. The Company announced today the drop in its losses to €175.7 thousand in 2010 against losses of €744.6 thousand in 2009.

The trading volume stands at €2 million. Overall, 12 securities go up, 6 fall and 28 remain unchanged.

The Athens Stock Exchange enjoys impressive gains too. Its general index surges 3.10% to 1487.73 points, while FTSE soars 3.10% to 693.25 points.

The Piraeus Bank rights are the most active title of the day (€15.9m) but they fall 3.45% to €1.12. The rights are followed by National Bank with a turnover of €15.8 million. NBG is up 3.96% to €6.75, while Eurobank gains 3.58% to €3.76, Alpha surges 3.57% to €3.77 and Piraeus Bank adds 3.29% to €1.57. The trading volume stands at €89 million.

In Europe, the climate is mixed. London falls 0.12% to 6,049.26 points, Paris inches up 0.09% to 4,016.15 points and Frankfurt puts on 0.16% to 7,155.04.

As for the macroeconomic developments, the European Central Bank announced that the current account deficit in the euro area stood at €11.3 billion in November.