Equities staged a strong comeback on Tuesday, following excessive losses in previous sessions, which triggered an oversold bounce. Europe’s sharp gains added to the positive momentum. 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. 

The general share index firmed 4.2% to close at 1157 points. Some 119 million euros worth of stocks exchanged hands. 

Banks outperformed the broader markets with aggregate gains of 6.8%. Eurobank rose 7.6%, Piraeus +7.5%, NBG +6.8%, Alpha +5.3%. 

Away from financials, Cenergy gained 10.7%, Mytilineos +8.1%%, PPC +6.1%.