Lamda Development
ATHEX: Stocks slide as expectations are dashed
Trader disappointment on Monday over Moody's decision not to issue its verdict on the Greek economy last Friday, amid the general negative mood in markets due to the mutual tariffs on US and Chinese goods, put fresh pressure on most local stocks, with the low turnover mirroring investor reluctance.
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ATHEX: CCHBC keeps local stock index afloat
Coca-Cola HBC led the Greek stock index higher on Thursday as the biggest company listed in Athens enjoyed a rise of 3.50 percent, just as the majority of stocks headed lower. Turnover narrowly cleared the 30-million-euro bar.
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ATHEX: Banks decline on state entity cash transfer
The June triple-witching, the FTSE index rebalancing and the concern generated among banks by the forced transfer of 7 billion euros of state entity reserves to the Bank of Greece saw bank stocks slump at the end of the week, which weighed heavily on the benchmark at Athinon Avenue.
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ATHEX: No respite for benchmark
Early gains were wiped out toward the end of Thursday's trading session at Athinon Avenue, with the benchmark heading south for the fourth day in a row. The pressure on bond prices, including the Greek sovereign debt, also impacted on stocks.
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ATHEX: Stock losses contained by end of session
After the four-day weekend the Greek bourse reopened on Tuesday in pretty much the same fashion as it ended last week, with early losses contained in the closing auctions - propped up largely by bank stocks - while turnover dropped to holiday season levels at what was the start of a three-day trading week.
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Lamda reports jump in 2017 earnings
ATHEX blue chip company Lamda Development reported on Wednesday that its full-year earnings before interest, tax depreciation and amortization (EBITDA) increased by 19.3 percent in 2017 to 51.2 million euros, boosted by The Mall Athens's 50 percent acquisition.
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ATHEX: Mild losses on thin turnover at local bourse
The Greek stock market had another narrow trading session on Wednesday, with mild losses for the majority of stocks and traders shifting their attention to Friday's triple-witching and the upcoming shake-up of the FTSE indices, concerning Mytilineos, Sarantis and Viohalco.
ATHEX: Most stocks end day in red, but index rises
Tuesday's late rally, which allowed the benchmark at the Greek stock market to recover from the losses recorded earlier in the day, was not enough to change the color on the board - which remained predominantly red - as losing stocks outnumbered the gainers by a ratio of almost two to one. Turnover remained disappointingly low.
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ATHEX: Mixed session at the end of a losing week
Friday's quiet session at the local stock market served to highlight that it takes a significant fiscal development - such as Wednesday's credit rating upgrade - for buyers to emerge again and send the benchmark higher.
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Alimos marina draws fleet of bidders
Ten investment groups have expressed an interest in the concession of Alimos marina in southern Athens, including foreign and Greek companies such as Lamda Development, Aktor, Dogus, J&P Avax, Koc Holding, Intracom and Archirodon.
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