Eurobank Ergasias
ATHEX: Slow decline for majority of stocks
Stocks continued their decline on Wednesday at the Greek stock market, led by banks, which had traders cashing in some of the last few weeks' gains. Turnover was significantly reduced compared to Tuesday.
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ATHEX: Three-day week begins with decline
A short trading week of just three days has started at the Greek stock market with a moderate decline for the benchmark and the majority of stocks, though a number of blue chips responded to pressure and rebounded. Turnover also showed signs of significant recovery on Tuesday, after one more long weekend and ahead of another.
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How banks achieved record profits in 2023
Greece's four systemic banks will distribute this year approximately 840 million euros in dividends, out of a total of €3.6 billion, which were the net profits of the previous year.
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ATHEX: More growth for stocks at Athinon Avenue
The prospect of interest rate cuts in the US and Europe boosted markets in the eurozone and sent the Greek bourse benchmark higher on Thursday. Despite receiving little support from the usual suspects - i.e. the banks - the main index and that of blue chips gained more ground, confirming that despite the temporary cashing-in efforts, traders have a bullish attitude for the long term.
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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: Negligible losses for the week
The March triple witching sent the bourse's turnover soaring to over 350 million euros on Friday, while the benchmark grabbed some more ground, all but offsetting the major losses it had suffered on Monday. That meant the week closed with small losses, for the first time after seven weeks of growth.
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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: Benchmark a whisker from 1,400 points
The benchmark of the Greek stock market on Wednesday recovered some more of the ground it had lost on Monday, but narrowly missed out on retopping 1,400 points. Turnover remained high for another day as the local bourse edges month after month closer to being readmitted to the group of developed markets.
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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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ATHEX: Local index slumps below 1,400-pt mark
The index rebalancing, the constant rally of stocks in recent weeks, the decline of Piraeus Bank (the protagonist of the past week) and the reservations investors showed in foreign markets contributed to a day of major losses at the Greek stock market on Monday, which brought the benchmark below the 1,400-point mark on unusually high turnover.
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