Eurobank

The containment of the rise in global oil rates and the new all-time low in the 10-year Greek bond yield spurred local stocks to a notable rise on Wednesday, with a remarkable increase in trading volume too.

Greece's bourse index came down from a six-week high to record moderate losses on Tuesday, but listed companies are mainly focused on the two-day London roadshow they are launching on Wednesday, with the participation of Finance Minister Christos Staikouras on Thursday. That may also explain the fresh slump in turnover on Tuesday.

The Greek stock market shook off international concerns regarding oil prices and a US-Iran standoff and posted some healthy gains in the second half of the week's first session, on improved trading volume too.

Property prices in Greece have recouped 4.2 percent of the ground lost during the financial crisis, thanks to the steady course of recovery over the last 18 months.

Eurobank's effort to bolster the domestic mortgage market by offering products with a fixed rate that ensure an unchanged installment through the repayment period, is seen as an antidote to the uncertainty the decade-long economic crisis has left behind it in Greece.

The benchmark of the Greek stock market contained its weekly losses on Friday, but failed to avert its first week in the red after three weeks of gains. Friday's Eurogroup offered traders nothing new in the way of fresh momentum, as it is a widely shared view that the primary surplus targets can only be tweaked after 2020, as European Stability Mechanism head Klaus Regling conceded.

Unimpressed by the announcements of European Central Bank President Mario Draghi, traders on the Greek bourse put fresh pressure on stock prices on Thursday, with banks ending the rising course observed over the previous couple of days, in line with most other European markets. The local market appears unhappy with the various announcements about share capital increases.

Greek banks are pursuing a policy of carrot and stick regarding debtors, depending on the latter's attitude toward the settlement of their arrears: For those who refuse to cooperate, the banks are preparing auctions of their assets; for those who choose to cooperate and have their debts arranged, they are offering generous haircuts on their dues; and the lenders are now offering rewards to thos

The Greek stock market recovered somewhat on Wednesday after three days of losses thanks to a buying spree during the closing auctions that took the main indexes to the day's high amid a positive mood in most foreign markets.

With no tangible corporate news to help Greek stocks regain their momentum of previous weeks and months, the benchmark continued its downward course on Tuesday, and the psychologically important 900-point level appears impenetrable for the time being.