The banks index at Athinon Avenue enjoyed a second consecutive day of gains in excess of 4 percent on Friday, building not only on the advance of the Heracles plan for the securitization of bad loans, but also on the upward momentum observed in foreign stock markets. That also led to the benchmark attaining growth just shy of 2 percent.
The main index of the Greek stock market continued to slide for a fourth consecutive day on Thursday, though not as dramatically as Wednesday's 3 percent drop. The morning's brief reaction to three days of losses gave way to another selling spree later in the day, leading the benchmark close to the 820-point mark.
Stocks continued to decline on Tuesday at Athinon Avenue, as pressure grew, mainly on bank stocks, before easing during the closing auctions.
The Athens Exchange (ATHEX) general index ended at 861.50 points, shedding 0.80 percent from Monday's 868.42 points. The large-cap FTSE 25 index contracted 0.79 percent to 2,139.95 points, while small-caps increased 0.22 percent.
September ended with marginal monthly gains (0.04 percent) for the benchmark of the Greek stock market, which eased on Monday due to pressures mainly on non-bank blue chips. Following the conclusion of the publication of listed firms' first-half results, it has become evident that the improvement has only been moderate, despite investors' enthusiasm after late May.