Galatsi

ATHEX: Stagnation persists on stock market

As has been the case in recent sessions, there was little to suggest on Thursday that the local stock market might stage a significant recovery in terms of prices or turnover, as the thin trade saw the benchmark only moving within a narrow five-point range. Buyers had the upper hand up until the end, but the rising trend recorded on other eurozone markets made hardly any impact in Greece.

ATHEX: Bank stocks down 3.7 pct

The earlier-than-expected upgrade of Greece's credit rating by Standard & Poor's did not impress traders at the Athens stock exchange, who appeared to be more concerned about instability both within and outside the country. The majority of Greek stocks posted fresh losses at the end of Tuesday's session, while many blue chips closed at the day's low.

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