The benchmark at Athinon Avenue proved unable to hold on to most of the gains it had recorded during the day on Wednesday, in line with the majority of other eurozone bourses. It presented a mixed picture at the end of the session, with rising stocks narrowly edging out the losers on a day when the bond market dominated investor interest.
After six straight days of losses Greek stocks rebounded on Tuesday with non-banking blue chips showing the way for the rest of the market on rather satisfactory turnover. The rest of the week will reveal whether this was a mere reaction to the long period of decline or if the benchmark has bottomed out in terms of coronavirus worries.
Despite the slight drop of the banks index on Wednesday, the benchmark and the majority of stocks on the Greek bourse continued their rise, led by mid-caps, albeit at a slower pace than in previous days. This has taken the main index to another five-year record high after the seventh straight day of gains.
The rise of Coca-Cola HBC's stock by 1.95 percent on Friday contained the Greek benchmark's losses somewhat and kept the blue chip index above water at the end of a week of small gains for the local market.
The Athens Exchange (ATHEX) general index ended at 923.63 points, shedding 0.26 percent from Thursday's 926.06 points. On a weekly basis it improved 0.38 percent.