athens exchange

ATHEX: Index hits highest level since 2011

The performance of the Greek stock market has got everyone reaching for their record books, as the benchmark at Athinon Avenue climbed to its highest point since May 2011 on Thursday. Banks were again the driver of growth, while some blue chips that have recently recorded major gains experienced some profit-taking at the start of the new month.

ATHEX: Piraeus Bank buoys stock market higher

Despite the attention the new 10-year bond issue garnered on Tuesday, the index and the trading volume rebounded at Athinon Avenue, driven by the growth of Piraeus Bank, which reached a new high. The momentum remains positive at the Greek bourse and, despite the temporary ups and downs, the underlying trend points to significant gains for the year that is now one month old.

ATHEX: Stocks take a step back

Monday's stock session followed the course of the Greek weather, with a steady decline in prices matching the drop in temperatures. The benchmark narrowly managed to stay above the 1,350-point level, mainly thanks to the activity of some buyers in selected blue chips, while the prospect of the Athens International Airport listing absorbed some of the market's liquidity.

ATHEX: Favorable outlook for local bourse

The main index of the Greek stock market ascended close to this week's decade high on Friday, with traders focusing on certain blue chips, although mid-caps underperformed this time. A report by Alpha Finance on Friday pointed to an increase of 15% to 25% for the benchmark of Athinon Avenue this year. In fact it has already gained 5.24% since the year started.

ATHEX: Traders sell in preparation for AIA offering

The stock market at Athinon Avenue came off Wednesday's decade-high to suffer losses on Thursday that were somewhat moderated by the end of the session. Observers noted the intention of investors to sell and secure some liquidity in order to join the public offering of Athens International Airport - a process that began on Thursday.

Pages