Ellaktor

Stocks at Athinon Avenue took a big blow on Monday, as sellers took the upper hand after the first few minutes of the session and proceeded with increasing fervor till the end of the day.

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.

The Athens Stock Exchange rose slightly on Thursday but could not scramble above 1,300 points, a level it has found difficult to sustain.

Investors made selective moves in some stocks and turnover was relatively low for a second session in a row.

The general index closed at 1,295.91 points, a 0.17% gain. Blue chips declined 0.11%, mid-caps gained 0.73% and banks slid 0.44%.

The Athens stock market rebounded strongly Monday, on the back of bank shares' performance and positions on other blue chips.

The general index ended up 1.74%, at 1,285.27 points, on turnover of €108.5 million.

For the second session in a row, the Athens Stock Exchange posted mild gains on Thursday, with investors being very selective with their picks, consistent with the prevailing nervousness in global markets as they brace for a Fed move to raise its rates once again in the coming months.

The Athens Stock Exchange closed with mild gains of 0.9% on Wednesday, ending a run of three negative sessions.

The general index closed at 1,279.92 on turnover of €77.3 million. Blue chips gained 0.24%, mid-caps 0.36% and banks 0.02%.

The aggressive selling of banks and other blue chips initially led the Athens stock market to lose as much as 1.8%. In the end, the general index ended up at 1,278.87 points, limiting its losses to 0.62%.

Blue chips lost 0.64%, mid-caps 0.50% and banks 1.19%, after being down as much as 3%.

Negative sentiment in European markets and investors locking in short-term gains led the Greek stock market to drop for a third successive week on Friday.

The week's final trading session was decisive for the negative trend.

A subdued session saw Greek stocks decline slightly on Thursday, in contrast to the gains in other European markets.

Most banks and blue chips faced selling pressure, but not excessively.

The ASE general index closed at 1,313.20 points, 0.30% lower on turnover of €84.9 million. Blue chips dropped 0.31%, mid-caps 0.24% and banks 0.13%.

The Athens Stock Exchange posted mild gains on low turnover Wednesday, but underperformed European markets, which bounced bank after the Italian government watered down a plan for a windfall tax on banks.

The ASE general index closed at 1,317.18 points, up 0.46%, on turnover of €65.65 million. Blue chips gained 0.38% and mid-caps 0.15%, while banks declined 0.26%.