National Bank of Greece Surges More Than 20%

What to buy ahead of a Greek election that could end without a clear winner and throw the entire euro zone into turmoil? Well, Greek banks obviously.

The stock of the nation’s banks is surging, with the National Bank of Greece (NBG), which trades on the NYSE, rising 21% on volume of more than 330,000 shares.

Greek law does not allow polls to be published in the two weeks before an election, Reuters points out. That’s created an information vacuum that is being filled with all sorts of rumors.

Apparently, “secret” opinion polls indicate that a government friendly to the EU’s bailout plan is likely to emerge victorious in Sunday’s elections. That, or short-sellers might be getting a little antsy.