FTSE/Athex Large Cap

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.

Concerns over a possible expansion of the war in the Middle East, with the involvement of Iran, weighed on the Greek stock market, inflicting losses on the benchmark on Friday. Even so, the index narrowly maintained the 1,400-point level and got to close the week with net growth, with turnover also rebounding.

Concerns abroad about a delay in the start of interest rate reductions by the Fed in the US were partly offset by the positive corporate results that are being issued at the Greek stock market, thereby containing the decline on Thursday at Athinon Avenue for most stocks on the board. Nevertheless, the daily turnover was the lowest of the last 11 sessions.

The Athens bourse had a mixed session on Wednesday, with the benchmark and the blue chips index ending the day with gains, while banks and the majority of stocks ended up in the red. The mood changed, and with it the color of the main index, after the release of the US inflation data in March. This third rising session for the bourse also showed a notable rise in turnover.

The Greek stock market continued on Tuesday along the same path it had started the week, with more growth for the majority of stocks and banks taking the lead in this upward move that is apparently meant to offset last week's decline. The closing near the day's highs have increased optimism among traders for further gains in the days to come.

The Greek stock market rebounded on Monday, following last week's decline, with most stocks securing significant gains, led by banks.

As a result the benchmark regained the 1,400-point level, ending the day not far from the session's high. The report by the Bank of Greece, which undercut the government's growth estimate, did not seem to affect the mood of the market.

The decline continued at the Greek bourse on Wednesday, though not as strongly as on Tuesday, with the benchmark yielding more ground. The banks index remained on a southbound course for a sixth consecutive session, underperforming the market and showing that the absence of initiatives or positive news on the domestic front will allow the momentum of the year's first quarter to slip.

The imported concerns, such as the losses at the start of the Wall Street session, the growing tension in domestic politics and the recent fatigue of buyers led Greek stocks to a significant decline on Tuesday after the four-day recess.

March proved to be the first month of decline - albeit marginal - after four months of growth for the benchmark of the Greek stock market, which dropped just 0.17% from end-February. In the last session of the local bourse ahead of the four-day recess, most stocks posted gains despite the decline of the banks index.

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.