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EFG

ATHEX: Benchmark closes at a month-high

The benchmark of the Greek stock market ended the week at its highest point since June 10, doubling its weekly gains and offering optimism to traders who are seeking some midsummer opportunities in a market where trading volume is sliding by the week. Price growth was most notable during the closing auctions, which saw the main indexes at Athinon Avenue end up at the day's highs.

ATHEX: Stocks post minor gains on quiet day

The growth of most banks weighed decisively on the Greek stock market on Thursday for the final color of the benchmark, which reverted to black upon the closing after a rather narrow session, while turnover continued to decrease. Markets appear satisfied with the decline of the US inflation rate in June, which strengthens the scenario of two rate cuts by the Fed by year-end.

ATHEX: Stock index rises for fifth straight day

Tuesday's mixed session on the bourse showed a lack of clear direction in the market, with banks heading lower, mid-caps closing higher and the benchmark as well as the blue chip index ending up practically unchanged. That sufficed to make it five days in a row for the benchmark's growth, a performance not seen in three months at Athinon Avenue.

ATHEX: Stocks grow on the year’s lowest volume

The anticipation of more interest rate cuts by the European Central Bank appears to have boosted stocks at the local bourse on Thursday, on a day with the lowest turnover in 2024, owing to the holiday in the US. Banks outperformed and remained the market's driver, though this time the rise was universal among the various sectors of listed companies.

ATHEX: Index ends session at day’s high

Stocks bounced back on Wednesday after Tuesday's decline, although trading volume remained at a low level, reminding observers that July is nothing like June when it comes to turnover, barring any unforeseen circumstances. Thursday may well see less action given the national holiday in the US and the general election in the UK.

ATHEX: Monday’s stock gains reversed

On a day of reduced turnover, the Greek stock market recorded losses on Tuesday following two days of growth, in what seemed like a full reversal of Monday's rebound. More than just cashing in on recent gains, traders sent bank prices into a nosedive, partly due to the downgrade of JP Morgan's guidance on Greek stocks from "buy" to "neutral."

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