Ellaktor

Greek listed companies under investigation

Athens-listed companies Ellaktor and Intracom Holdings said on Monday they are being investigated, among other firms, by the Hellenic Competition Commission for projects awarded by the state in past years.

Both companies said at this stage it is not known when the investigation will be completed and can't speculate on its outcome or possible effect on their finances.

Euro deflation, exit talk take toll on stocks

The return of deflation to the eurozone and continued talk about a possible Greek exit from the economic and monetary union inflicted fresh losses on local stocks on Wednesday, although these were contained to less than 1.5 percent for the benchmark ? from over 3.5 percent earlier in the day ? marking a new 26-month low.

Stocks inch up in slow trade

The local stock market saw little reason to buy into Friday’s news of the country’s official return to growth, with the weak momentum abating but taking the benchmark just over 890 points while trading volume ended at the lowest level of the last seven sessions.

Greek stocks pull out of nose dive

After racking accumulated losses of 9.35 percent in the previous four sessions, Greeks stocks finally reversed course on Thursday.

Athens Exchange (ATHEX) general index ended at 883.54 points, adding 1.29 percent to Wednesday’s 872.31 points. The large-cap FTSE/ATHEX 25 index rose 1.12 percent to 285.35 points.

Athens bourse index leaps on big bank gains

The third straight day of Greek stock market gains brought the benchmark close to the 1,000-point mark on Tuesday, as investors are pricing in expectations for a very positive result to the European Central Bank’s stress tests on local banks, which are to be announced this Sunday. The increased turnover points to an extensive move to cancel out last week’s major losses.

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