athens exchange
ATHEX: German article boosts local stock prices
A Der Spiegel magazine report suggesting the International Monetary Fund plans to enter the Greek bailout program with up to 5 billion euros, offered a boost to Greek stocks at the end of the week, leading to significant gains across the board on the local bourse.
The Athens Exchange (ATHEX) general index closed at 639.46 points, adding 1.60 percent to Thursday's 629.36 points.
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ATHEX: Mixed picture on low trade
A quiet day on the Greek bourse on Thursday left a mixed picture among stocks with the lowest trading volume of the last eight sessions.
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ATHEX: Banks and PPC lead stock price decline
Bank stocks and PPC led Wednesday's price slump in the Greek stock market, though the fears of a continued deadlock in talks between Athens and its creditors through spring were somewhat contained by statements from European Commissioner Pierre Moscovici in Athens. This led to a stop-loss move in the last hour of trading, but market concerns remain.
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ATHEX: Alpha Bank leads bourse higher
Alpha, the Greek stock market's best performing bank in the last 12 months, led blue chips and the bourse benchmark to a third day of gains on Tuesday, although the second bailout review's eagerly awaited conclusion did not get any closer.
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ATHEX: Stock prices keep rising as investors expect deal
The Greek stock market is clearly reflecting investor anticipation of a positive outcome to the bailout review talks in the coming days, as it made additional gains on Monday to the significant jump recorded on Friday.
ATHEX: Stocks rally on hopes of breakthrough
The prospect of an agreement between Athens and its creditors in Brussels on Friday fueled stock prices at Athinon Avenue and went some way toward dispelling the sense of despair that had culminated on Thursday. Bank investors finally had something positive to act on, leading the credit sector stocks to a rise of 6.61 percent. However, it wasn't enough to offset all of the week's losses.
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ATHEX: Local stocks edge lower
Greek stocks pared early losses toward the end of Thursday's session, but it remained clear that investors were holding back for concrete news about the second bailout review.
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ATHEX: Stocks fall as confidence diminishes
Local stocks took some heavy losses on Wednesday, with banks suffering the most, as market confidence in Greece continued to evaporate, a fact also evident in the growth of bond yields. Investors were keen to walk away from Athinon Avenue, as shown by the increased turnover.
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ATHEX: Moderate rise for blue chips
Unimpressed by the International Monetary Fund's statement on Greece, investors in Greek stocks shifted away from the usually dominant bank sector on Tuesday to focus on other blue chips and secure modest gains for the benchmark on improved turnover.
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ATHEX: Investor pessimism drives stock index lower
The gloomy outlook regarding the second bailout review resulted in stocks heading south in thin trade on Monday, with particularly low market expectations about the International Monetary Fund's board meeting that started long after the bell rang at Athinon Avenue.
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