Mytilineos

The Greek stock market rebounded after Thursday's respite to post a fresh nine-year high on Friday with the help of most blue chips, though not banks. The June triple witching sent turnover soaring, along with the upcoming rebalancing of the indexes.

Mytilineos and SmartestEnergy Australia have signed a long-term power purchase agreement (PPA) for the 40-megawatt Kingaroy Solar Farm in Queensland, Australia, the listed group announced.

The Greek bourse continued on its up ward trajectory on Wednesday, breaking yet another nine-year record through the support of mid-caps and non-banking blue chips. Athinon Avenue was on the same page as most eurozone bourses, which followed Tuesday's Wall Street rally. This was the eighth consecutive session of gains for the main index, which is now eyeing the 1,300-point milestone.

A rollercoaster session at Athinon Avenue on Thursday saw constant shifts from black to red and back, before the benchmark of the market heeded the course of mid-caps to close with gains for yet another day, despite the decline of the banks index. That means the main index has registered yet another nine-year high, with turnover remaining at a particularly satisfactory level.

Traders reverted to profit-taking at the Greek bourse on Thursday, following morning gains, with refineries and industrial companies being at the focus of sellers this time instead of banks, whose index has been in decline all week. Most of the losses were recorded in the closing auctions, with the benchmark ending the session at the day's low.

The main index at the Greek bourse slid back below the 1,200-point level it had captured this week, as on Wednesday it gave up some of the ground earned during Monday's huge rise. 

Banks were at the center of the market's profit-taking, though many mid-caps resisted the pressure and their index fared better than the rest of the market, losing only 0.66%.

The benchmark of the Greek stock market soared to levels unseen since July 2014 on Monday thanks to the election result on Sunday that has opened the way for ruling New Democracy to score a new four-year mandate.

The Greek stock market ended the last week before the general election with gains, which made it the third consecutive week of growth for the benchmark at Athinon Avenue. The market appears calm ahead of the polls, in contrast with what is happening on the other side of the Aegean, while turnover in Athens increased on Friday thanks to maturing of the month's derivatives.

Mytilineos is close to reaching an agreement on green energy in North America, Evangelos Mytilineos, chairman and CEO of Mytilineos Energy & Metals, told Bloomberg TV on Tuesday.

In an interview, Mytilineos said that the framework in North America is very attractive and noted that in Europe the system is more bureaucratic and things move more slowly.

Greek stocks closed their second consecutive week of growth on Friday, approaching the year's highs, though the session offered negligible gains to the main index and the rising stocks outnumbered the losers by the smallest of margins.