athens exchange

The benchmark of the Greek bourse posted a decline for a third session in a row on Wednesday despite the slight rise of the banks index and the healthy gains of small-caps. The local market apparently does not share the optimism of debt traders who sent bond and treasury-bill yields even lower on Wednesday.

The negative mood resulting from the withdrawal of draft legislation on strike action, the cancellation of Wednesday's property auctions and weak growth data for the third quarter of the year prompted a second day of losses for most stocks at Athinon Avenue on Tuesday.

Many investors cashed in last week's gains on Monday, while turnover fell to the lowest point since November 28. Some losses were expected following the spending spree observed in previous sessions, although the unexpected shrinking of growth in the third quarter deepened the impact, while the market had already factored in the staff-level agreement with the country's creditors.

The seventh consecutive session of gains for the benchmark of the Greek stock market on Friday confirmed the positive momentum as it was in the latter half of the day that buyers made their presence felt, boosting banks by another 4.75 percent.

The closing auctions buoyed the Greek bourse benchmark out of the red on Thursday, with turnover reaching heights unseen since late September, at 92 million euros.

The Athens Exchange (ATHEX) general index ended at 740.20 points, adding 0.26 percent to Wednesday's 738.31 points.

On a monthly basis it lost 2.52 percent.

Investors gave a thumbs-up on Tuesday to news that notaries had ended their boycott of property auctions, as Greek bank stocks jumped 4.25 percent at Athinon Avenue. However, the rest of the market didn't see much of a knock-on effect.

Turnover at the Greek bourse remained disappointingly low and stocks continued to display a lack of direction on Monday as the week began with another mixed session. The benchmark only managed to avoid posting a drop on the day in the closing auctions, but losing stocks outnumbered the gainers.

Mid-caps pushed the benchmark higher at the end of the week on what was a day of mixed fortunes for blue chips. Judging from the low turnover, many foreign investors decided to take the day after Thanksgiving off too.

The Athens Exchange (ATHEX) general index ended at 723.18 points, adding 0.36 percent to Thursday's 720.56 points. On a weekly basis it grew 1.14 percent.

The Thanksgiving holiday in the US saw turnover on the Greek bourse drop to its lowest point since August on Thursday, with stocks presenting a mixed picture at the end of the session.

The Athens Exchange (ATHEX) general index ended at 720.56 points, adding 0.06 percent to Wednesday's 720.13 points.

A very volatile session at the Greek bourse on Wednesday ended with mixed results, with banks sliding 2.71 percent while the majority of stocks posted gains as mid- and small-caps remained on the rising course set on Tuesday.