OpenCalais Metadata: Ticker
Despite the slight drop of the banks index on Wednesday, the benchmark and the majority of stocks on the Greek bourse continued their rise, led by mid-caps, albeit at a slower pace than in previous days. This has taken the main index to another five-year record high after the seventh straight day of gains.
The positive views on the Greek economy and its banks by various foreign firms, including rating agency DBRS Morningstar, continue to feed traders' buying interest, which is also trickling down to mid- and small-caps. This carried the benchmark through to another day of growth on Wednesday, on higher trading volume too thanks to a number of packages that changed hands.
The acquisition of FPS by Italian group doValue will serve as a springboard for the latter's expansion in the wider Southeastern Europe region according to its CEO Andrea Mangoni.
In an interview with Kathimerini, Mangoni says that the Italian group's aim is to become the leading servicer of nonperforming exposures in Greece ahead of the emergence of the secondary NPE market.