Marfin Investment Group
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Mid-caps and OPAP prop up benchmark
Rising stocks outnumbered those heading south on the local bourse on Thursday while the benchmark ended up virtually unchanged as early losses were offset by gains, mostly secured by outperforming mid-caps, as well as the OPAP gaming company, which is expected to profit on the World Cup that just started in Brazil.
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Local bourse benchmark posts a rise on reshuffle news
Investors voted in favor of the changes in the government lineup with their stock purchase orders, as blue chips sent the local benchmark over the 1,320-point level while trading volume remained high.
ATHEX bucks the trend and ends higher
After Tuesdays correction, the Greek bourse reverted to a northbound course on Wednesday, with the buying gathering pace as the day went along in anticipation of news from Thursdays European Central Bank board meeting that may decide on a rate cut.
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Stocks climb on traders’ optimism
The local benchmarks third day of gains on Thursday showed that traders are optimistic Sundays elections will not have a significant impact on the countrys financial life, while some expect Fitch to upgrade Greeces rating on Friday.
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Piraeus-MIG tie-up to lead to restructurings
By Yiannis Papadoyiannis
Market experts expect the deal announced last week between the Piraeus Group and Marfin Investment Group to develop into a broader cooperation toward the merging of enterprises, aimed at creating stronger and more competitive firms.
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Early gains turn into more stock losses
The relative easing of investor concerns after Sundays rather inconclusive local election results gave way to another selling spree on Monday that forced losses of almost 2 percent on the local markets benchmark, with turnover remaining high.
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Bourse puts an end to four days of decline
Reports on the planned tie-up between Piraeus and Marfin Investment Group and the sale of a stake in Finansbank by National Bank of Greece were the main talking points during Wednesdays bourse session. As a result, most stocks rebounded, but National registered a new nine-month low.
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Piraeus Bank to get 17.7 pct stake in Marfin
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Banks take weekly bourse losses to 4 pct
Sellers had a field day the local bourse on Friday, sending the benchmark below the 1,200-point mark after seven sessions on the same day that Eurobank grabbed 50.5 percent of all trading with the introduction of its new shares, taking total turnover to more than 320 million euros.
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Eurobank’s big slide drags most local stocks lower
Eurobank dominated the action during Tuesdays bourse session. The bank stocks major decline combined with its 53.5 percent share of all trading on the day sent indices lower as the turnover climbed.
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