Coca - Cola HBC

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CCH

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Coca-Cola HBC AG

ATHEX: Late bank rally helps bourse to weekly rise

Bank stocks recovered from their decline on Friday morning to buoy the benchmark and the blue chip index higher by the end the session. Information on further action by banks to reduce their bad loans helped stocks offset losses triggered by Deputy Prime Minister Yiannis Dragasakis's statements, who said local lenders may need more capital injections in the future.

ATHEX: Bank stocks slide 4.2 pct

The political turmoil in Greece and declines seen on other eurozone bourses weighed on the benchmark at the Greek stock market on Monday, although losses were reined in to less than 1 percent during the closing auctions. This was thanks to the help from non-bank blue chips that offset most of the impact from the banking sector drop.

ATHEX: Local stocks break six-day losing streak

The Greek stock market managed to hang on to its morning gains and bring an end to its six-day losing streak yesterday, with the benchmark ending the session near its day high. However, low turnover and the general weakness in investor moves suggested that Wednesday's rise was merely technical rather than anything substantial.

ATHEX: Stocks rattled by commotion over Brexit

Europe-wide concerns at the looming prospect of a British exit from the European Union without a prior agreement on terms have been affecting local stocks all week, and Friday was no exception, while the continuing sell-off of shares in the three banks that will exit the MSCI Standard index has taken the banks index down to a new 33-month low.

ATHEX: Blue chips see main index bottom out in the afternoon

A handful of blue chips carried the benchmark at the Greek bourse higher on Tuesday, a defensive move that boosted stock prices from lows that dragged the main index down to near 610 points.

The Athens Exchange (ATHEX) general index ended at 629.84 points, adding 1.78 percent to Monday's 618.84-point closing. The large-cap FTSE-25 index contracted 0.20 percent to 1,633.63 points.

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