Mytilineos

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MYTX

ATHEX: Banks index gives up over 12 percent in four sessions

In a trading session that bore close resemblance to that on Monday, stocks spent all day in the red on Tuesday, led by the credit sector, and with the benchmark's losses being contained during the closing auctions. The difference was that Tuesday's turnover was twice that seen on Monday.

ATHEX: Stock index and turnover end November on a high note

The MSCI stock index rebalancing was completed on Friday, while investors repositioned themselves accordingly, leading to a second day of notable gains at Athinon Avenue, as many foreign traders closed their books for the year at the end of a month that saw the main index slide 1.55 percent.

ATHEX: Bank stocks stage rebound, adding 8.1 pct

Oversold bank stocks staged a remarkable rebound in Thursday's bourse session, with Alpha and National announcing a return to profit in July-September at the end of the trading day. The Athens Exchange (ATHEX) was also buoyed by rallying international markets, the drop in Greek bond yields and a favorable report by Moody's on the Bank of Greece proposal for slashing bad loans.

ATHEX: Stocks rattled by commotion over Brexit

Europe-wide concerns at the looming prospect of a British exit from the European Union without a prior agreement on terms have been affecting local stocks all week, and Friday was no exception, while the continuing sell-off of shares in the three banks that will exit the MSCI Standard index has taken the banks index down to a new 33-month low.

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