OpenCalais Metadata: Ticker
The Greek stock market closed for Christmas on Wednesday with further gains for most companies, on the strength of the growing prospects of an agreement between Brussels and London over Brexit, although the day's turnover was the lowest in the last 33 sessions. The bourse will next reopen on Monday.
Greek stocks recovered somewhat on Tuesday from Monday's slump due to the UK's troubles with the mutation of the coronavirus and the impasse in the Brexit talks, as the benchmark climbed back up to 780 points. However, the level of trading volume indicated that the minds of many were already occupied with the holidays.
The benchmark of the Greek stock market reverted to its northbound course on Wednesday, but once again it ducked back below the 800-point mark before the close, after testing the waters during the session. It will probably take one more final push for the index to reach that level, and with tomorrow seeing the last triple-witching session of the year, anything is possible.
Fresh hopes of a Brexit deal on Tuesday gave stocks across Europe a fresh push, with Greek stocks following suit to take the local market's benchmark back up to within striking distance of the 800-point level. Turnover has increased in the last few sessions, this being the last full trading week of the year.
The Greek stock market reversed its morning losses to end the day with some gains in the face of a mixed picture in European markets due to the Brexit-related turbulence. Foreign portfolios continue to take an interest in local stocks - after the net inflow of 14.7 million euros last month - with blue chips rebounding and trading volume topping €150 million.
The Greek bourse benchmark's 14-session rising streak - the first this century - came to an end on Thursday, with significant losses for the majority of stocks, although not all blue chips followed the bank stocks on their steep decline. At any rate, the benchmark demonstrated that it is not yet ready to conquer the 800-point mark.