athens exchange

ATHEX: Industrial sector leads stocks lower

Traders reverted to profit-taking at the Greek bourse on Thursday, following morning gains, with refineries and industrial companies being at the focus of sellers this time instead of banks, whose index has been in decline all week. Most of the losses were recorded in the closing auctions, with the benchmark ending the session at the day's low.

ATHEX: Traders at local bourse reap profits

The main index at the Greek bourse slid back below the 1,200-point level it had captured this week, as on Wednesday it gave up some of the ground earned during Monday's huge rise. 

Banks were at the center of the market's profit-taking, though many mid-caps resisted the pressure and their index fared better than the rest of the market, losing only 0.66%.

ATHEX: Bourse ends week before polls higher

The Greek stock market ended the last week before the general election with gains, which made it the third consecutive week of growth for the benchmark at Athinon Avenue. The market appears calm ahead of the polls, in contrast with what is happening on the other side of the Aegean, while turnover in Athens increased on Friday thanks to maturing of the month's derivatives.

ATHEX: Traders opt for treading cautiously

Investors continue{ to tread carefully in the local market as Sunday's election approaches, so on Thursday they reduced their activity to the bare minimum, with the majority of stocks and the benchmark at Athinon Avenue posting small losses. The day's turnover was the lowest of the month so far. Friday's session may be the last before the polls, but also sees the expiry of the April derivatives

ATHEX: Benchmark closes at 9-year high

The market's growing optimism about political stability in Greece after the elections and the favorable views on Greek banks by foreign firms contributed to a significant rebound of local stocks on Tuesday that sent the Athens benchmark to levels unseen in nearly nine years. The price rise also came with an increase in turnover, which approached 100 million euros.