Coca - Cola HBC
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ATHEX: Index sees small recovery after losses
After four sessions of decline for its benchmark, adding up to 4.44%, the Greek stock market rebounded on Wednesday, though not in the fashion that would have offset a significant part of recent losses. The losing streak may have been snapped, but it will take more convincing for traders to revert to the rising course of the month's first half.
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ATHEX: Geopolitics takes toll on local market
Concerns over a possible expansion of the war in the Middle East, with the involvement of Iran, weighed on the Greek stock market, inflicting losses on the benchmark on Friday. Even so, the index narrowly maintained the 1,400-point level and got to close the week with net growth, with turnover also rebounding.
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ATHEX: Benchmark slumps 2% after recess
The imported concerns, such as the losses at the start of the Wall Street session, the growing tension in domestic politics and the recent fatigue of buyers led Greek stocks to a significant decline on Tuesday after the four-day recess.
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ATHEX: Some recovery after decline on Monday
Investors reacted to Monday's major drop on the Greek stock market and on Tuesday they granted non-bank stocks some recovery, although bank stocks remained under pressure.
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ATHEX: Benchmark expands for fourth week
Athinon Avenue ended its fourth consecutive week of gains on Friday with a minor increase for its benchmark that extended its weekly gains somewhat, although the first few hours of the session had promised significantly higher price growth. This follows the positive momentum observed across most other European markets and is expected to prevail for the week to come, too.
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ATHEX: Mixed day sees stock index slip
The Greek bourse had a mixed session on Thursday, with stocks almost split between gainers and losers, the benchmark posting a minor loss despite spending the first few hours in the black, and mid-caps showing growth. Coca-Cola HBC stood out for a second day in a row, following its impressive 2023 results.
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ATHEX: New 13-year high for the benchmark
The better-than-expected annual results of Coca-Cola HBC and the strong figures of Piraeus Bank gave strong momentum to Greek stocks on Wednesday, which combined with the positive mood across Europe led the ATHEX benchmark to a new 13-year high.
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ATHEX: Rebound sees another new 13-year high
Greek stocks recovered after Wednesday's respite, with the benchmark rising to yet another 13-year high on Thursday, thanks mostly to the growth recorded by a few blue chips and by mid-caps.
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ATHEX: The party continues at the stock market
The sixth consecutive session of gains at the Greek stock market brought the benchmark not only to another 13-year high, but also above the 1,400-point mark, on significantly increased daily turnover too. All this was before the entry of the 300 million shares of Athens International Airport, which is scheduled for Wednesday.
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ATHEX: Four-week rising streak snapped
The decline of the benchmark at Athinon Avenue continued on Friday for a fourth day in a row, only this time at an accelerated pace and with twice as many stocks declining as those that reported growth. The main index was down by as much as 1.55% at one point during the session, exercising some damage limitation toward the end.
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