Athens Water

Energy and bank stocks led the Greek stock market to its fourth consecutive session of price growth on Monday, albeit on a relatively low turnover. The decision by OPEC+ to reduce oil output pushed global rates higher and favored oil company stocks, including those listed in ATHEX.

The Greek stock market came off Wednesday's 101-month high to see its benchmark post a notable decline that was eventually smaller than its mid-session losses on Thursday. A late stop-loss reaction that culminated during the closing auctions arrested the decline of the main index, but losing stocks outnumbered the gainers by three to one.

The Greek stock market's lowest trading volume of the last 13 sessions saw the benchmark suffer moderate losses on Thursday after three days of gains, as traders again appear reluctant to commit themselves to purchases until the picture regarding the coronavirus tempest clears.

The benchmark of the Greek bourse slipped to a three-week low while turnover was the smallest in three months on Monday, partly due to a US holiday that kept buyers away. The reopening of brick-and-mortar stores apparently had little effect on the stock market, which is eager for some assurances this will not be a mere blip.

Thursday's session on the Athens Stock Exchange was even more subdued than recent days, if that is possible.

In the end, the general index, which had been showing mild losses throughout, tipped over into positive territory, closing at 637.27 points, a gain of 0.36%. Late gains in OTE Telecom were the main reason.

Turnover was €23.61 million on volume of 16,373,894 shares.

Bank stocks continued their advance on Tuesday, while investor attention was focused on the benchmark bond issue, but non-banking stocks dragged the main index lower at the start of this four-day trading week at Athinon Avenue.

The continued recovery of bank stocks proved enough to keep the benchmark afloat in what was otherwise a day of losses for the majority of stocks at the start of the week. Monday's session picked up from where Friday's had left off, with many blue chips and most mid-caps ending in the red, although trading volume was significantly lower.

After Monday's respite, the benchmark of the Greek bourse tumbled back below the 700-point level on Tuesday, mainly due to the near-7 percent decline of the banks index, which continued to suffer pressure.

Athens water supplier EYDAP is among 20 companies taking part in the European Union's Intcatch program, which aims to revolutionize water quality monitoring by using robotic boats with innovative sensors. 

A top Greek court has blocked the planned privatization of the country’s biggest water utility, the Athens Water Supply and Sewerage Company (EYDAP), the Athens-Macedonian News Agency (AMNA) has reported, on the grounds the sale could put public health at risk.