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ATHEX: Stocks edge even higher amid caution
Athinon Avenue recorded a third successive day of gains on Wednesday, on the back of Tuesday's major rise, though this time traders appeared to be more interested in carefully taking positions than spreading their buying across the board. This was also reflected in the day's turnover, which was reduced compared to the two previous days.
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Minor drop for index in October
Greek stocks edged higher for a third session in a row, taking the benchmark close to 1,200 points on Tuesday. However, that was not enough to prevent a negative result for October, which closed with monthly losses of 1.34% for the main index. That was the third consecutive month with a decline.
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ATHEX: Minor drop for index in October
Greek stocks edged higher for a third session in a row, taking the benchmark close to 1,200 points on Tuesday. However, that was not enough to prevent a negative result for October, which closed with monthly losses of 1.34% for the main index. That was the third consecutive month with a decline.
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ATHEX: Cautious optimism at Athinon Ave
The Greek bourse has entered the week of major companies' third-quarter result announcements, and traders remained rather cautious on Monday, opting to heed the trend set by the rest of the European markets - i.e. slightly upward on reduced turnover. Mid-caps outperformed, with the majority of stocks securing gains at the start of the week.
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ATHEX: Week ends with moderate rise for benchmark
Friday's mixed session at Athinon Avenue had the blue chip index close in the red, while the majority of stocks managed to drag the benchmark back into the black with the help of a handful of energy blue chips.
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ATHEX: Bourse index loses over 2% on Thursday
Greek stocks suffered yet another slump on Thursday, with their losses growing as the day progressed, with floods in central Greece and the postponement of the prime minister's speech in Thessaloniki not helping stocks recover. Friday's DBRS Morningstar credit rating report on Greece could change all that.
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ATHEX: Bourse reacts to four days of contraction
The Greek stock market reacted after four consecutive sessions of decline to post significant gains on Tuesday, and on notable trading volume too. Traders appear to have taken for granted that DBRS Morningstar will this Friday restore Greece's investment grade rating, and if that does not materialize the bourse will likely take a nosedive as of Monday.
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ATHEX: Index ends week back at square one
September began at Athinon Avenue with concerns expressed by traders after the first hour related to the global economy and the fear of stagflation. That led the benchmark to losses of almost 1% and a drop below the 1,300-point mark on Friday.
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ATHEX: Index fails to surmount 1,350-pt mark
The vast majority of Greek stocks ended Thursday's trading session with gains, but some non-bank blue chips held the benchmark back from hitting a new nine-year high and the 1,350-point level, which remains elusive for now. The positive messages from the US Fed and the European Central Bank create a favorable climate for further price growth in the coming days, analysts note.
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ATHEX: Bourse hits level unseen since 2014
The Athens bourse reverted to its rising course with renewed strength on Tuesday, as the benchmark of the market climbed to highs unseen since early April 2014 thanks to the positioning of several investors in local companies ahead of Greece's much-anticipated credit rating upgrade. Still, the main index stopped short of the 1,350-point mark, closing three points off the mid-session high.
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