Grivalia Properties

Losses sustained by Greek banking stocks banished early signs that the local market could head higher on Wednesday, with the benchmark losing all of its morning gains to end up in the red again.

The Athens Exchange (ATHEX) general index ended at 690.27 points, shedding 0.26 percent from Tuesday's 692.04 points. The large-cap FTSE-25 index contracted 0.20 percent to 1,811.98 points.

Greek stocks retreated on the Athens Stock Exchange (ATHEX) on Wednesday, while turnover was particularly low following a technical glitch.

ATHEX trading was temporarily suspended from 12.45 to 1.40 p.m. due to a general technical problem that affected the price data feed subsystem.

The ATHEX general index ended at 758.04 points, down 0.43 percent from Tuesday's 761.29 points.

The appointment of new prime ministers in Rome and Madrid appeared to generate relief - if not euphoria - in Mediterranean money markets, leading to major gains for the majority of stocks in Athens on Friday. The banks index outperformed with a one-day jump of 6.50 percent.

The Greek stock market had a mixed session on reduced turnover on Wednesday, as the losses posted by bank stocks were more or less offset by gains registered by construction and industrial blue chips, among others.

After a session that seemed split in half, stocks on the Greek bourse recovered early losses to secure enough gains as to take the benchmark comfortably above the 800-point level at closing on Thursday. The mood shifted after a tweet by US President Donald Trump indicated a softening of Washington's stance on Syria.

The Greek bourse benchmark suffered an eighth consecutive day of losses for the first time in over two years on Thursday on continued pressure from abroad that has mainly hit the banking sector. Beta Securities estimates that the capitalization of the local stock exchange dropped by 2.4 billion euros in those eight sessions.

The despondent atmosphere prevailing on international markets continued to affect Greek stocks and sovereign bonds on Tuesday. According to observers, the latest row with Turkey also weighed on the benchmark at Athinon Avenue.

The Athens Exchange (ATHEX) general index ended at 821.85 points, shedding 0.20 percent from Monday's 823.46 points.

The benchmark of the Greek bourse yo-yoed on Thursday, with early gains wiped out before the closing auctions saw a fresh surge, taking the main index - and the majority of local stocks - higher on increased turnover.

ATHEX blue chip company Grivalia Properties implemented investments of 14.3 million euros in the last couple of weeks of 2017, buying office space and stores in Attica.

The benchmark of the Greek stock market continued its northbound course for a seventh day on Thursday, as buyers made their presence felt in the latter half of the session, taking the main index's gains to over 7 percent since December 12.