Eurobank
ATHEX: Convincing rebound at stock market
This time the bulk of stocks at Athinon Avenue produced a strong reaction on Thursday to the decline of previous days, unlike the weak rebound of Wednesday. The main index reversed a significant portion of its recent losses, even if banks did fail to impress with their recovery on the day.
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ATHEX: Clear move downward for bourse
Moody's decision against upgrading the Greek rating, and the JP Morgan report that Greece is not yet ready to join the developed markets poured cold water on expectation at the bourse in previous days and led to a significant decline in prices on Tuesday, at the opening of the stock market after the long weekend. Banks fared better thanks to the resilience of Eurobank and National.
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ATHEX: Late rally takes index over 1,400 pts
A late rally at Athinon Avenue gave the benchmark of the Greek bourse fresh momentum on Thursday, allowing it to easily surpass the 1,400-point barrier and close the day on a high. Non-bank blue chips outperformed, boosting a market that continues to have very high daily turnover levels since the placement of Piraeus Bank shares last week.
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ATHEX: Some recovery after decline on Monday
Investors reacted to Monday's major drop on the Greek stock market and on Tuesday they granted non-bank stocks some recovery, although bank stocks remained under pressure.
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Net profits of €1.14 bln for Eurobank in 2023
Eurobank has announced overall net profits of €1.14 billion for 2023, compared to €1.347 billion in 2022.
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PPC signs agreement for Phoibi project
Public Power Corporation SA on Thursday announced the completion of the signing of the syndicated financing of Phoibi Energiaki Sole Shareholder SA, a subsidiary of PPC Renewables, within the framework of the National Recovery and Resilience Plan, Greece 2.0, with Eurobank acting as coordinator and Eurobank and Piraeus Bank as co-organizer.
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ATHEX: Index rises to highest in 15 weeks
Athinon Avenue returned to its rising course on Tuesday, with the benchmark climbing to a new 15-week high, on the verge of 1,300 points. Banks - especially Eurobank - outperformed, and alongside some other key blue chips lifted the main index to its highest point since September 1.
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ATHEX: New 12-week high for the benchmark
The decline of the stock of National Bank of Greece did not suffice to prevent the benchmark from climbing to a new 12-week high on Monday. The daily turnover reverted to high levels at the start of the week that might bring Greece once again to climbing the steps to investment grade as Fitch Ratings will issue its verdict on Friday.
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ATHEX: Banks bring fresh growth to the bourse
Stocks soared on Tuesday at Athinon Avenue, with traders shifting most of their attention to banks, which saw their index jump by almost 6% driven by the huge interest in the public offering of National Bank.
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ATHEX: Alpha cheer spreads at local bourse
Tuesday's session at Athinon Avenue was a one-stock show as it was the first day of trading for Alpha Bank after the major proposal tabled by UniCredit for the Greek lender's stake that bank bailout fund HFSF holds, and the merger of the Italian bank's operations in Romania with those of Alpha. As a result Alpha jumped 12.44%, while most other local stocks registered gains too.
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