Ellaktor

REDS, part of the Ellaktor construction group, will enter the hotel sector by undertaking the refurbishment and management of a property on Kifissias Avenue, across the road from the Golden Hall Mall.

Once more, the Athens Stock Exchange was unable to hold on to early gains, with selling pressure on banks and other blue chips prevailing in the end.

Turnover remained weak and investor interest low.

The general index closed at 1,425.36, down 0.50%, on turnover of €100 million.

Blue chips dropped 0.76%, while mid-caps rose 0.04%.

Once more, the Athens Stock Exchange was unable to hold on to early gains, with selling pressure on banks and other blue chips prevailing in the end.

Turnover remained weak and investor interest low. The general index closed at 1,425.36, down 0.50%, on turnover of €100 million. Blue chips dropped 0.76%, while mid-caps rose 0.04%.

For the second straight session, the Athens Stock Exchange followed European markets in posting mild gains.

The general index ended at 1,436.11 points, a 0.25% gain.

During the session it dipped as low as 1,429.26 (-0.23%), but buying interest in banks in the closing minutes limited losses in that sector and pushed the overall market into positive territory.

Greek stocks returned to gains Wednesday after Tuesday's slight correction.

The Athens Stock Exchange general index closed at 1,432.53 points, up 0.49%, having risen as high as 1,434.58 (0.64%).

Turnover was €70.15 million, with 14,581,437 shares changing hands.

Blue chips gained 0.60% and mid-caps 0.16%.

The rally at the Athens Stock Exchange ended Tuesday after six session and, as on Monday, trading was thin.

Athens followed other European markets in a slight decline, with investors appearing to be hesitant.

In Athens, however, they did not hesitate to sell bank stocks, with the relevant sub-index declining 1.12%.

The Athens Stock Exchange posted gains for a fifth session in the row, finally erasing the tumble (6.27%) on Monday, August 5, when panicky investors were selling right and left.

The general index closed at 1,431.88, a gain of 0.62%, having risen as high as 1,438.67 (+1.10%) intraday.

Developing panic in international markets over the weakness of the US economy and the sense that the Federal Reserve is delaying a rate cut, compounded by fears of a wider Middle East conflict, could not leave Greek stocks unaffected.

The month began with selling pressure on the Athens Stock Exchange, with the general index declining by as much as 1%, before steadying and limiting losses toward the end of the session.

The ATHEX general index ended 0.25% lower, closing at 1,474.44 points. Turnover was pretty high, at €99.33 million. Blue chips dropped 0.12% and mid-caps 0.47%.

Banks led the Greek stock market to a remarkable rally on Wednesday, which compounded the month's gains to see the benchmark at Athinon Avenue end July 5.26% higher than its level at end-June. The interest in the market was also highlighted by the significant increase in turnover, though rising stocks only marginally outnumbered decliners on the day.