Mytilineos

Athinon Avenue gave up 7.36% over the month of January after another day of losses on Friday for the benchmark and the majority of stocks. The prospect of tighter restrictions and concerns over when the economy will start to recover continued to put pressure on prices.

The market's focus on the sovereign bond issue left the field wide open for sellers on the local bourse - and they took full advantage of it. Stocks suffered significant losses, again led by the bank sector. It had been expected by many that stocks were set to fall in Athens and the rest of Europe, due to rising concerns over vaccine supplies.

The stock market's reaction after three days of losses proved half-hearted on Tuesday, as the early recovery was contained later on, with most bank stocks posting losses. Some traders will have decided to save some of their liquidity for the new 10-year bond issue, which Greece announced on Tuesday halfway through the trading session.

Mytilineos on Wednesday announced its subsidiary Zeologic SA had signed an agreement with Inwaste SA for the design, supply and construction of an innovative treatment plant for hazardous and non-hazardous solid waste and sludge in Greece. 

Athinon Avenue eased off Monday's 11-month highs on Tuesday, with the benchmark dropping just over 1% on lower trading volume than on Monday. Banks headed south, but energy stocks mostly headed higher again. Observers consider this cashing in of recent gains quite predictable.

The Greek bourse hit the ground running on the first trading day of 2021 on Monday, with prices growing as the session progressed and the closing auctions taking the benchmark above 820 points for the first time in almost 11 months. This time it was mainly energy stocks and other non-bank blue chips that led the index higher.

Athens-listed group Mytilineos stated on Wednesday that its Renewables and Storage Development (RSD) Business Unit has acquired another solar project in Queensland, consolidating its position in the Australian energy market.

The Greek company acquired the 110-megawatt Moura Solar Farm from ESCO Pacific, one of Australia's leading solar farm developers and operators.

Greek stocks recovered somewhat on Tuesday from Monday's slump due to the UK's troubles with the mutation of the coronavirus and the impasse in the Brexit talks, as the benchmark climbed back up to 780 points. However, the level of trading volume indicated that the minds of many were already occupied with the holidays.

Mytilineos on Monday announced the acquisition of a 50-megawatt solar energy project in Spain (the Jaén photovoltaic project) from Viridi RE.

The project is located in the Municipality of Jaén (Andalusia), an area with significant sunshine in southeastern Spain.

It is ready for construction, which is planned for the first quarter of 2021.

Mytilineos, in collaboration with the KNOWL social enterprise for life-long learning, has successfully completed the first social accelerator for the integration of the homeless, newly homeless and people living in unsafe housing or unsuitable areas.

The social accelerator, called HoMellon, aims to integrate these groups into the job market.