Fourlis
ATHEX: Banks advance as other blue chips decline
The rise recorded by Greek bank stocks on Wednesday was largely offset by the decline of most non-bank blue chips, leaving the benchmark of the Athens bourse virtually unchanged and the stock board split between winners and losers. However, market observers were quite encouraged by the improvement in trading volume.
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ATHEX: Index jumps to highest point since last June
Unfazed by the decline in bank stocks, the benchmark of the Greek bourse not only held its ground on Tuesday but also climbed to a fresh nine-month high - a level not seen since June 25, 2018. The day started with losses across the board, but most stocks switched from losses to gains as the session went on.
ATHEX: Benchmark edges higher on support from banks
Bank stocks and a few other blue chips propped up the benchmark at Athinon Avenue on Wednesday as the majority of stocks on the board headed south and trading volume sank.
ATHEX: Index edges up aided by bank climb
Another mixed day at the Greek bourse on Thursday saw the majority of stocks head south while most main indexes ended up with gains in a session of increased trading volume thanks to several prearranged transactions.
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ATHEX: Fitch boosts bank stocks, benchmark
A Fitch Ratings statement, saying that the plans proposed in Athens for the reduction of bad loans in Greece could offer genuine hope for the credit sector's redemption, boosted local bank stocks on Tuesday, which had a positive knock-on effect on the rest of the market too.
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ATHEX: Credit sector losses are offset
The Capital Market Commission's report showing foreign funds maintaining their short positions in local bank stocks resulted in a notable decline for the credit sector at the start of the week. However, non-bank blue chips managed to push the benchmark into positive territory at the end of the session despite the bank sector slump.
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ATHEX: Banks' losing streak brought to an end as turnover leaps
The closing auctions saved the day for the Greek stock market's benchmark once again on Friday, leading to the highest daily turnover in 30 sessions. The banks index also ended its six-day losing streak, during which it had shrunk by almost 20 percent.
ATHEX: Banks index loses another 4 percent
Bank stocks fell to new lows on Monday, with their index reaching levels unseen since February 2016. The benchmark of the Greek bourse continued to sink closer to the 600-point mark, which is seen as the last line of defense before a more extensive selling spree.
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ATHEX: Stocks grow on low trading
Buyers enjoyed a second day of dominance at Athinon Avenue on Wednesday, bolstered by the upward swing of stock exchanges in Europe and the US, and the recovery of Greek bond prices. The low turnover points to a temporary northward trend, though.
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ATHEX: Stock losses contained at closing
Closing auctions on the Greek stock market helped minimize the rather sizable losses sustained by the benchmark at the start of the trading week on Monday, with bank stocks remaining the focus of sellers due to speculation concerning the exclusion of some of them from the MSCI Standard index for emerging markets.
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