Equities rallied in midday trade, with banks leading the rise. The recent sell-off triggered an oversold bounce, aided by Europe’s recoveries. Also, inflation data were pleasant, as headline consumer prices fell to 1.6% y-o-y from 2.7% in August. 

“Investors probably realised that they were too risk averse and bought back stocks that were oversold," an asset manage said. 

At 1449 local time, the general share index rose 4.1% t o 1157 points. 

Banks were gaining 5.8%, with Piraeus adding 7.5%, Eurobank +5.9%, Alpha +5.5%, NBG +5.1%. 

Away from financials, Mytilineos gained 7%, PPC +5.4%.