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ATHEX: German article boosts local stock prices
A Der Spiegel magazine report suggesting the International Monetary Fund plans to enter the Greek bailout program with up to 5 billion euros, offered a boost to Greek stocks at the end of the week, leading to significant gains across the board on the local bourse.
The Athens Exchange (ATHEX) general index closed at 639.46 points, adding 1.60 percent to Thursday's 629.36 points.
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“An invisible hand made changes in the ‘Proto Thema’ conclusion”
“There was an invisible hand because there are differences between the drafts – ‘Proto Thema’ is paying its loans, is a good customer of the banks, there is no evidence of mismanagement of its loans – The Themos Anastasiades case has nothing to do with what this Committee is investigating”
ATHEX: All quiet on the trading front ahead of Eurogroup
Traders showed on Monday they are not willing to make any major moves before Thursday's Eurogroup meeting, with stocks showing hardly any movement at the start of the week, and trading volume falling even lower than on previous days.
ATHEX: Moderate rise as review deal appears closer
The slightly increased chances of an agreement between Athens and Greece's lenders, thanks to Eurostat figures and politicians' statements, was reflected in Tuesday's session at the local bourse, with moderate gains for the majority of stocks.
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ATHEX: Hopes for end to talks help stocks expand
Expectations that the long and arduous negotiations between the Greek government and the country?s creditors may be nearing completion sent Greek stocks soaring on Wednesday, with the market?s benchmark finally passing 850 points and trading volume getting close to 100 million euros.
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Lenders' slide checks gains for bourse benchmark
Bank stocks continued their decline on Thursday, but that was not enough to force more losses on the Athens bourse benchmark, which gained more than 1 percent thanks to the closing auctions in a rather indifferent market, as the constantly low trading volume reveals.
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Bourse declines for second day in succession
The honeymoon is over at the Greek bourse, as the satisfaction from the country?s deal with the eurozone appeared short-lived, with stocks falling for a second day on Thursday on news that the state is increasingly cash-starved and left-wing deputies are disputing the government?s policy.
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Stocks slide on revenue shortfall
Revelations about the major shortfall in December state revenues ? with a direct impact on the primary surplus ? and the cacophony of statements from election favorite SYRIZA candidates on the future of relations with the country?s creditors put an end on Wednesday to a series of gains for the Greek benchmark that had stretched to three sessions.
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Bourse index recovers some lost ground
Non-banking chips led the local stock index to a significant recovery on Wednesday before the first vote for a new president took place, with traders buying into the optimistic scenario from the government camp that it will be alright on the night of the third vote on December 29.
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A little more conversation, a little less action
Traders hardly batted an eyelid at the governments positive result in the parliamentary vote for the budget, keeping most of their attention firmly fixed on developments on the troika front. Accordingly the Greek bourse saw little action, with the benchmark refusing to give any ground and remaining afloat for one more day on Monday.
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