Metlen
ATHEX: Benchmark drops near 3-month lows
Sellers returned with a vengeance on Wednesday at the Greek stock market, following Tuesday's recovery of prices. Stocks took a tumbling, led by banks, in line with most other eurozone bourses that also suffer sudden losses on the day.
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Metlen to issue new five-year ‘green’ bond
Athens-listed group Metlen is proceeding with the issue of a five-year "green" bond of 500 million euros due in 2029.
Showing signs of a reliable and consistent partner, just months before knocking on the door of the London Stock Exchange, with this move the Greek metals and energy multinational is on track for the early repayment of a previous issue due on December 1.
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Electricity: Lower prices in October
Down nearly 9% is the average megawatt-hour price for September, showing signs of easing after a quarter of strong price increases that forced the government to pull subsidies for electricity out of the drawer.
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ATHEX: Bourse index reaches new 7-week high
Greek stocks continued to ride the wave of satisfaction from the US interest rate cut, on top of which came the boosting measures China announced on Tuesday.
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ATHEX: Cypriot boost offers gains to bourse
Two decisions originating from Cyprus - the approval of funding for the Great Sea Interconnector and the return to the Greek stock market of the Bank of Cyprus stock after its delisting from London - gave Athinon Avenue a significant boost at the start of the week, with energy and bank stocks predictably leading the market's growth.
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ATHEX: Local stocks cash in on Fed rate cut
Wednesday's rate cut by the Fed predictably benefitted European stock markets too, though Greece's did not follow the upward path at the same pace on Thursday. Nevertheless, it did register gains, on increased turnover too, but traders are still waiting for a domestic catalyst that will give Athinon Avenue the boost it requires to see its benchmark return to the vicinity of 1,500 points.
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ATHEX: Energy stocks bolster index at the bourse
Not only did the benchmark of the Greek bourse recover all its Wednesday losses on Thursday, but it also did it on increased turnover, which confirmed that local stocks are gathering interest again this month. The rise in prices was led by non-bank blue chips, especially those in the energy sector, but extended across the market.
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New Setback for the Athens Stock Exchange – At Day’s Lows, but Holds at 1,430 Points
The Greek stock market experienced a new downturn following a similar movement at the end of the previous week. The initial rise to around 1,440 points was followed by a shift in investor sentiment, with Athens failing to align with the positive mood of European markets. However, the losses did not cause concern as the support level at 1,430 points remained intact.
Mytilineos calls on EU to secure rare earth metals access
Evangelos Mytilineos, head of metals and energy group Metlen, has asked the EU to make certain European companies get access to rare earth metals.
"China continues to restrict exports of metals and rare earths… unfortunately the EU has not specified measures" to do so, despite its legislation on critical primary materials passed in May, Mytilineos said in a LinkedIn post.
Headline index tops 1,400 again
Greece's stock market reclaimed the 1,400-point mark Tuesday after six sessions.
Despite trading within a fairly narrow band, the Athens Stock Exchange general index went through several ups and downs, before settling at 1,403.17 points, up 0.36%. Intra-day, it hit a low of 1,394.62 (-0.25%) and a high of 1,404.62 (+0.46%).
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