athens exchange
ATHEX: Morning gains disappear as traders cash in
The early gains observed during trading on Friday in Athens had all been cashed in by the end of the session as investors seemed to have factored in the outcome of the Eurogroup in Luxembourg and were not as impressed as bond buyers. The closing auctions brought most indexes down to their day-low, with PPC also weighing on the benchmark, but this time turnover topped 80 million euros.
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ATHEX: Stock market session with a sting in tail
The Athens bourse spent almost the entire session on Wednesday showing benchmark and blue-chip gains, only for sellers to reverse the trend in the closing auctions, wiping out the advances. Nevertheless, growing stocks outnumbered decliners.
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ATHEX: Index slides on thin trading
The Greek stock market tried to distinguish itself from its European peers, concerned about a trade war across the Atlantic, but eventually ended Tuesday with losses for the majority of its stocks. while traders are still keeping an eye on Thursday's Eurogroup.
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ATHEX: Index advances 1 pct as bank stocks stage recovery
Bank stocks recovered on Monday from a sharp drop last Friday, with their advance gathering pace as the week's first session progressed, helped also by the decline of Greek bond yields. Low turnover is explained by anticipation for Thursday's crucial Eurogroup.
ATHEX: Banks decline on state entity cash transfer
The June triple-witching, the FTSE index rebalancing and the concern generated among banks by the forced transfer of 7 billion euros of state entity reserves to the Bank of Greece saw bank stocks slump at the end of the week, which weighed heavily on the benchmark at Athinon Avenue.
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ATHEX: Stock growth continues for a third day
Unfazed by the domestic turmoil over the controversial agreement between Athens and Skopje and the no-confidence motion against the government, investors sent local stocks higher for a third day on Thursday, with turnover matching Wednesday's.
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ATHEX: Benchmark ends higher on bank gains
After an initial drop banks enjoyed robust gains on Wednesday, leading the benchmark of the Greek stock market higher. The trigger for the second consecutive day of gains was the prospect of an agreement at next week's Eurogroup.
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ATHEX: Most morning gains vanish
Despite strong growth in the morning thanks to the prospects of agreements on debt relief and the name dispute with the Former Yugoslav Republic of Macedonia, the Greek stock market only registered moderate gains at the end of Tuesday's trading. However, the benchmark put an end to its four-session losing streak.
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Prominent Greek sculptor dies at age 87
Greek sculptor Theodoros Papadimitriou, who signed his work with his first name, died in Athens on Friday at the age of 87.
Theodoros is best known to the general public for his sculpture "Metro Clock," which graces the main concourse of the Syntagma metro station in central Athens, but also a stainless steel and bronze piece he did for the Athens Exchange called "Rising Index."
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ATHEX: Market has its fingers crossed
The question of the International Monetary Fund's participation in the Greek program - right at its very end - remains open, and the local market is eagerly awaiting developments in this direction. As a result there was very little action on Thursday at the Athens Exchange (ATHEX).
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