Mytilineos
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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: Banks lead index to fifth day of growth
Bank stocks on Wednesday built on Tuesday's momentum to jump more than 5 percent on a day with a more respectable turnover at the local stock market. This was the fifth straight day of advance for the benchmark at Athinon Avenue, a record unseen in the last eight months.
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ATHEX: Investors cash in previous days' gains
Traders reaped on Tuesday some of the gains recorded in the last three sessions at Athinon Avenue (when the benchmark added almost 9.4 percent), while selling moves were moderated compared to the agressive action seen in previous weeks.
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ATHEX: Index records biggest daily rise since 2016
The benchmark of the Greek stock market posted its biggest daily rise in two-and-a-half years on Monday, riding on a wave of international relief resulting from the truce in the Sino-American trade war while dismissing any concern about the rebalancing of the MSCI index.
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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.
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Mytilineos sees 2019 revenue topping 2.2 bln euros
Greek industrial group Mytilineos expects sales to top 2.2 billion euros next year, from 1.5 billion euros this year, thanks to its growing alumina business and new projects in Libya and Ghana, its chairman said on Thursday.
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ATHEX: Banks index loses another 4 percent
Bank stocks fell to new lows on Monday, with their index reaching levels unseen since February 2016. The benchmark of the Greek bourse continued to sink closer to the 600-point mark, which is seen as the last line of defense before a more extensive selling spree.
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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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ATHEX: Stocks grow on low trading
Buyers enjoyed a second day of dominance at Athinon Avenue on Wednesday, bolstered by the upward swing of stock exchanges in Europe and the US, and the recovery of Greek bond prices. The low turnover points to a temporary northward trend, though.
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