The fourth consecutive day of gains at the Athens bourse gave the the benchmark its biggest advance as it climbed close to the 800-point mark, in line with most other markets that were open on Monday. Turnover topped 50 million euros despite the fact that major markets such as those of the US, Hong Kong and China were closed due to holidays.
The only way was up on Thursday for most banks after Wednesday's decline, with the credit sector (although not Piraeus Bank) carrying the rest of the stock market to significant gains - albeit not as impressive as some highs recorded during the course of the session. Turnover also headed higher - another encouraging sign.
Despite the significant decline of the banks index, other stocks at Athinon Avenue welcomed back buyers on Wednesday, with trading volume remaining just above the 50-million-euro mark after the MSCI index restructuring produced no surprises for listed companies. A bank rebound could fuel a further rise over the rest of the week.
The Greek stock market remained on a northbound course for the third session in a row on Wednesday, even if that was on rather thin turnover. This time it was bank stocks that pulled the cart out of market stagnation, although mid-caps headed lower.
The Athens Exchange (ATHEX) general index ended at 764.33 points, adding 0.49% to Tuesday's 760.59 points.