GEK Terna
ATHEX: Late rally takes index over 1,400 pts
A late rally at Athinon Avenue gave the benchmark of the Greek bourse fresh momentum on Thursday, allowing it to easily surpass the 1,400-point barrier and close the day on a high. Non-bank blue chips outperformed, boosting a market that continues to have very high daily turnover levels since the placement of Piraeus Bank shares last week.
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ATHEX: Seventh week of gains on local bourse
The seventh consecutive week of gains for the benchmark of the Greek stock market closed on Friday with a mixed session that saw rising stocks edge out losers by the narrowest of margins. The corporate results published in the current period also played a part, sending each stock concerned in different directions.
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ATHEX: Dead heat for stocks in bourse
Stocks were evenly split between winners and losers at Wednesday's session in the Greek bourse, though the benchmark recovered half of the ground it had lost on Tuesday, all in the context of the completion of Piraeus Bank's share placement. This has absorbed a significant portion of the market's liquidity, not only this week but also in the previous couple of weeks.
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ATHEX: Benchmark remains over the 1,400-point mark
Stocks at the Greek stock market continued their mild decline on Wednesday for a second session in a row, with a number of blue chips posting a decline and only a few resisting the pressure that could have brought the benchmark below the 1,400-point mark. The week continues in a quiet mode ahead of next week's expected placement of the state's 27% holding in Piraeus Bank.
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ATHEX: Fifth week of gains for benchmark
The main index of the Greek bourse advanced for the fifth week in a row, despite the moderate losses suffered on Friday in what was a rather quiet session. Observers note that traders may be waiting for corporate moves and the placement of the state's 27% stake in Piraeus Bank, so they are saving their strength for now.
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Roadblocks in Egnatia Odos concession
The concession of the Egnatia Odos highway to GEK Terna for a period of 40 years is expected to be completed in March.
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Construction group alliance
Projects worth 17.1 billion euros are expected to be implemented in the coming years by the four large domestic construction groups GEK Terna, Intrakat, Avax and Mytilineos.
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Kalamata Airport sale plan
The Superfund plans to have received binding financial offers for the concession of Kalamata airport by the end of June, so as to complete the signing of the concession contract by the end of the year, to be ratified by the Parliament.
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Interest abroad in GEK Terna
The GEK Terna group added liquidity of 79.2 million euros to its arsenal ahead of the large investments it is expected to implement in the coming years.
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ATHEX: Bourse ends day and week with losses
The Greek bourse ended its first losing week in more than a month after a mixed session that saw blue chips growing but the main index as well as the majority of stocks shrinking. A number of prearranged packages sent the daily turnover very high, though net trading was rather slow.
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