Mytilineos

Greece's privatization agency (TAIPED) said on Tuesday that it has shortlisted seven investors for the purchase of a majority stake in the country's dominant gas supplier, DEPA Commercial.

The coronavirus crisis should herald a change in Greece's production model, prompting a shift away from its tourism-dependent economy, the ongoing Delphi Economic Forum was told on Thursday.

Gazprom Export, the exporting arm of Russian gas giant Gazprom on Monday said it had signed a long-term gas supply contract with Greek company Mytilineos.

The benchmark of the Greek stock market now has the 700-point level in its sights after its sixth day of gains in seven sessions. Construction blue chips led the way this time.

The Athens Exchange (ATHEX) general index ended at 658.35 points, adding 0.88% to Friday's 652.58 points. The large-cap FTSE 25 index expanded 0.52% to 1,579.70 points, while mid-caps contracted 0.25%.

Bank stocks led the Greek bourse lower on Tuesday, in line with most European markets, as traders chose to cash in the gains recorded in the last couple of sessions at Athinon Avenue. The market is now awaiting Wednesday's new package of measures aimed at restarting the economy.

Greek traders seemed to respond to the heat wave on Monday, swimming well in shallow waters, as the local stock market posted significant gains on very limited turnover. Banks and a few select blue chips led the way, as international markets were boosted by news of a possible breakthrough in terms of a coronavirus vaccine.

The Greek bourse had a very quiet Friday, recording the lowest turnover since early March, as traders waited for the Eurogroup decision and Moody's verdict on Greece. The benchmark managed to stay afloat even though it ended on the day's low, with the blue chip index turning red.

Leading business group Mytilineos on Thursday announced a 3.7 percent yearly increase in its turnover in the first quarter of the year, to 532.7 million euros, while enjoying strong cash flow of €1.5 billion.

After a mixed session with gains for most stocks and banks leading the losers, the benchmark at Athinon Avenue reported marginal growth on Thursday, based on corporate developments.

Tuesday's stock gains were wiped out in Wednesday's bourse session, with investors pricing in the European Commission forecasts that take Greece's recession estimates for this year close to 10 percent.