Lamda Development
ATHEX: Most stocks left behind in late rally
The closing auctions turned things around at the Greek stock market on Tuesday, at the start of the trading week, offering the benchmark marginal gains despite the majority of stocks ending up in the red. International banking concerns appeared to have minimal impact on local credit sector stocks, while construction companies led the rebound.
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ATHEX: Profit taking on relatively low turnover
The widely anticipated upgrading of Greece's outlook to "Positive" by Standard & Poor's on Friday was taken in the traders' stride in Monday's bourse session, with many of them engaging in some profit taking that focused on banks and construction companies. Turnover posted a considerable decline though.
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ATHEX: Bourse slide contained at auctions
Thursday's bourse session at Athinon Avenue proved to be the second in a row with losses for most stocks, although in the closing auctions the main index contained its decline and the banks index actually swung into gains. Turnover dropped to the lowest level in almost two weeks, but Friday's session is expected to make up for it.
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ATHEX: Fourth week of growth in a row
The Greek stock market has completed the first half of April without a single southbound session for its main index, as on Thursday, this week's last trading day, it posted further gains that sufficed to take it above the 1,100-point mark. A 10-session rising streak has not been seen since the summer of 2021.
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Clouds are gathering over Elliniko
The first problems have emerged in the Lamda Development investment at Elliniko. Material price hikes, a sharp increase in borrowing costs and Lamda's own teething problems, as it strives to strengthen its structures and staff, are some of the challenges the management has recently faced. The aim is not to limit profitability and certainly not to derail the timetable.
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ATHEX: Bourse posts both daily and weekly rise
The benchmark of the Greek stock market cleared the 1,050-point bar on Friday, but that was not enough to prevent it from ending the month of March with a loss - a first after the rising streak from October to February. While the benchmark recorded a drop of 6.61% for March, it ended the first quarter with an increase of 13.42%.
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ATHEX: Third time lucky, as index clears 1,000 points
The Greek bourse benchmark's third effort to clear the 1,000-point bar proved successful at Thursday's closing, as the local market has finally captured the milestone that had proved elusive for more than eight years. The last time Athinon Avenue's main index had four digits was in December 2014 - i.e.
Eurostat pegs inflation in Greece at 9.8% and 10.7% in the eurozone in October
Harmonized inflation in Greece "fell" to 9.8% in October, according to Eurostat data. At the same time, the consumer price index in the eurozone increased by 10.7%, setting a new record.
Dev. Min.: The household basket ensures basic products for most vulnerable Greeks
We ensure basic products for the most vulnerable," the Minister of Development, Adonis Georgiadis, told state broadcaster ERT on the occasion of the start of the implementation of the measure for the "household basket" on November 2.
Eleni Vrettou becomes first female CEO of a Greek bank
It was long overdue, but the first female CEO in a Greek bank is a fact. According to info available to OT, Eleni Vrettou will assume the position of managing director at Attica Bank, with the relevant official announcements considered a matter of time.