athens exchange

It was another mixed day for Greek stocks at Athinon Avenue on Wednesday. While the benchmark edged higher after three days of losses, the majority of stocks, as well as the banks and small-caps indices, still ended lower. Turnover remained below the 30-million-euro level.

The Greek stock market had a mixed session on Tuesday, in line with most of its European peers, with the majority of stocks posting gains while the benchmark and blue chips declined for a third day in a row. Trading volume remained very low, with observers fearing the Athens bourse has attracted the law of gravity that affects markets deprived of any significant news to keep them going.

The decline that began on Friday continued on Monday on the local stock market as uncertainty over the course of Greece's second bailout review and the country's future funding showed no sign of dissipating.

The complete lack of progress recorded by Thursday's Euro Working Group and the confusion generated by Germany's Finance Ministry as to whether a new bailout agreement may be on the way created the conditions for a proper Friday-the-13th session on the Greek bourse on Friday, during which the vast majority of stocks took a dive.

Athinon Avenue retained its slow northbound course on Thursday, hitting a new 14-month high, although trading volume remained very low.

Investors in Greek stocks displayed measured optimism on Wednesday, securing moderate gains for the benchmark of the local bourse that sufficed to take it to highs unseen since mid-November 2015, with banks leading the way.

The Greek stock market's benchmark edged up on Tuesday on low trading volume as many investors opted to wait until after Finance Minister Euclid Tsakalotos's talks in Paris on Wednesday and likely Thursday's Euro Working Group meeting.

The Greek stock market's benchmark opened the week with minor losses after six consecutive sessions of growth adding up to 3.88 percent, yet mid-caps were on the rise so that winners outnumbered losers.

The Greek bourse benchmark advanced for a sixth day in a row on Thursday, ending the week just above 660 points, on ever rising volume.

The Athens Exchange (ATHEX) general index closed at 660.30 points, adding 0.42 percent to Wednesday's 657.54 points. On a weekly basis it grew 2.59 percent.

The benchmark of the Greek bourse continued its ascent for a fifth consecutive day on Wednesday in what proved to be a session of mixed fortunes as blue chips edged higher while the majority of stocks ended in the red. On the positive side, the daily turnover, having dipped recently to a record low, is also on the rise and approached the 50-million-euro mark.