Ellaktor
ATHEX: Profit taking on relatively low turnover
The widely anticipated upgrading of Greece's outlook to "Positive" by Standard & Poor's on Friday was taken in the traders' stride in Monday's bourse session, with many of them engaging in some profit taking that focused on banks and construction companies. Turnover posted a considerable decline though.
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ATHEX: Bourse slide contained at auctions
Thursday's bourse session at Athinon Avenue proved to be the second in a row with losses for most stocks, although in the closing auctions the main index contained its decline and the banks index actually swung into gains. Turnover dropped to the lowest level in almost two weeks, but Friday's session is expected to make up for it.
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ATHEX: No fasting for buyers at ATHEX
Athinon Avenue returned to action on Tuesday after a four-day recess and rewarded those anticipating its reopening with a wholesome session of growth that boosted the benchmark by over 1.7% and pushed daily turnover above 100 million euros. However, the main index once again proved not ready to clear the 1,100-point bar.
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Intrakat close to buying Aktor
The final touches are being added by the heads of the Ellaktor and Intrakat groups to the acquisition agreement of Aktor by the latter.
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ATHEX: Index posts rebound on thin turnover
The slowing pace of the Fed rate hikes and those that followed in Britain, Switzerland and Norway kept investors at bay on Thursday, though buyers edged out sellers at Athinon Avenue for price growth on low turnover. This time banks underperformed, but they are about to be joined soon by the new listing of Optima Bank in a rare injection of fresh blood in this section of the market.
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ATHEX: Mixed day leaves index in the red
The late decline mainly by bank stocks led the benchmark of the Greek bourse to moderate losses on Wednesday, although the majority of stocks posted gains. The low turnover revealed that many investors chose to sit the session out in anticipation of the decisions by the central banks of the US and Britain.
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ATHEX: Banks lead rebound on stock market
Tuesday was a day of healthy gains on the Greek stock market, reminiscent of the sessions of high growth in the first couple of months of 2023. Assurances by domestic and foreign experts over the strength of the local credit system offered a major boost to bank stocks that led blue chips to a significant rebound.
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ATHEX: Local stocks react to days of decline
The reaction of Greek stocks to several days of decline, which had even put the benchmark's grip on the 1,000-point mark at risk, finally arrived on Tuesday, with banks leading the recovery of prices at Athinon Avenue. The advance accelerated after the announcement of inflation data from the US, with the main index closing near the day's highs.
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ATHEX: Blue chips lift index off day’s lows
The Greek stock market came off the day's lows on Tuesday to contain its losses as a number of blue chips reacted after Monday's plunge to avoid a further decline that could have even put the 1,000-point level at risk for the market's benchmark.
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ATHEX: Major drop for almost all stocks
Investor concern about a shift in local politics that may increase the election risk for the government, due to the railway tragedy at Tempe, led on Monday to the biggest daily decline in seven months for the main index at Athinon Avenue. Led by banks, Greek stocks lost a significant portion of their recent gains, as the impact of the train crash does not appear to be going away anytime soon.
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