Frigoglass

Greek stocks returned to gains Wednesday after Tuesday's slight correction.

The Athens Stock Exchange general index closed at 1,432.53 points, up 0.49%, having risen as high as 1,434.58 (0.64%).

Turnover was €70.15 million, with 14,581,437 shares changing hands.

Blue chips gained 0.60% and mid-caps 0.16%.

Bonds of Frigoglass SAIC surged to an eight- month high after the Greek refrigeration supplier said it will sell its glass unit to pay down debt and focus on its core cooling business.

The company?s 250 million euros ($279 million) of 8.25 percent notes due May 2018 rose 4.9 cents on the euro to 100.7 cents, according to data compiled by Bloomberg.

Greek refrigerator maker Frigoglass reported a smaller loss in the fourth quarter compared to the same period a year earlier on Thursday, helped by cost savings and lower input costs.