Jumbo

The main index at the Greek bourse cleared the 1,100-point bar with relative ease on Friday, ending a week of gains and moderate trading volume. This last session of the week showed price growth across the board in what was the fourth consecutive day of gains for the benchmark.

The Greek stock market made it nine sessions of price growth in a row on Wednesday as most stocks registered moderate gains, although the main index again failed to surpass the psychologically significant 1,100-point milestone. It still climbed to a 40-day high and enjoyed the longest sequence of rising sessions in over 20 months.

The late decline mainly by bank stocks led the benchmark of the Greek bourse to moderate losses on Wednesday, although the majority of stocks posted gains. The low turnover revealed that many investors chose to sit the session out in anticipation of the decisions by the central banks of the US and Britain.

The rebound expected on Thursday at the Greek stock market, following five consecutive days of decline, did materialize, but the benchmark closed some way from its day-highs.

After a day's respite, the Greek stock market returned to its upward course on Friday, with the benchmark covering some of its Thursday losses on its way toward the 1,000-point mark.

The main index of the Greek stock market is seriously eyeing the 1,000-point milestone following another session of growth on Friday that saw it climb to its highest level since February 11, 2022, for yet another 11-month high. This time the price growth was universal and not restricted to certain sectors or capitalization sizes, not to mention the increase in turnover.

Opening one store a day - sometimes more than one - Poland's retail discount chain, Pepco, currently has 2,922 stores in 16 European countries, while from October it will add the Greek market to its portfolio.

The prospect of a new Attica lockdown sent the Greek bourse tumbling on Tuesday, with severe losses for banks and the majority of other stocks also heading south, erasing the gains of previous days. All but two blue chips headed lower, but the decline is seen as temporary and not structural.

The hybrid shopping models of click-and-collect and click-inside have started operating in major cities such as Athens, Piraeus, Patra and Halkida due to the new Covid-19 restrictions, with many problems reported and some major enterprises leaving it very late before deciding whether they would employ them or stay closed.

The benchmark of the Greek stock market ended the week at its lowest level since Christmas, with traders remaining reserved about the course of the economy as the pandemic continues to break one record after another internationally.