OpenCalais Metadata: Ticker
The Greek bourse benchmark climbed on Friday to highs unseen since late February after its 11th consecutive day of gains, which were quite handsome too, on the day the third-quarter growth data were issued. Likewise, the Greek benchmark 10-year bond yield reached a new low on Friday, at 0.626 percentage points.
Alpha Bank, one of Greece's four largest banks, on Wednesday reported a drop in third-quarter profit compared to the previous quarter on weaker net interest income.
Alpha, 11 percent owned by the country's bank rescue fund HFSF, reported a net profit from continued operations of 43.8 million euros, versus €97.5 million in the second quarter.
Thursday's session on the Athens Stock Exchange was even more subdued than recent days, if that is possible.
In the end, the general index, which had been showing mild losses throughout, tipped over into positive territory, closing at 637.27 points, a gain of 0.36%. Late gains in OTE Telecom were the main reason.
Turnover was €23.61 million on volume of 16,373,894 shares.
he Athens Stock Exchange finally aligned itself with the positive turn on the European markets Tuesday, as it rebounded from Monday's significant losses to close 1.47% higher.
This rebound was achieved on very low turnover, which dropped below €30 million, a clear indication of investors' reluctance to see an upside.
Finance Minister Christos Staikouras has appointed Michalis Masourakis as Greece's new representative to the International Monetary Fund (IMF), according to a ministry statement on Tuesday.
On September 1 Masourakis will succeed Michalis Psalidopoulos who leaves its post after five years and whom the government and the ministry thanked for his contribution and cooperation.
The upcoming rebalancing of the MSCI Greek stock indexes and profit taking after five consecutive days of gains led to losses at Athinon Avenue on Friday, with a huge daily turnover. Notably 70% of trading volume took placing during the closing auctions. The benchmark of the Athens stock market ended May with a monthly advance of 3.87%, though banks lost 2.94%.