OPAP

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OPAX

Greek stocks end positive, very quietly

Thursday's session on the Athens Stock Exchange was even more subdued than recent days, if that is possible.

In the end, the general index, which had been showing mild losses throughout, tipped over into positive territory, closing at 637.27 points, a gain of 0.36%. Late gains in OTE Telecom were the main reason.

Turnover was €23.61 million on volume of 16,373,894 shares.

OPAP first-quarter profit hit by Covid-19 lockdown

OPAP, Europe's fourth-biggest betting business, reported a 38% drop in first-quarter profit on Wednesday due to the closure of outlets during the coronavirus lockdown in Greece and Cyprus.

Net profit in the January to March period stood at 35.5 million euros ($40.3 million), down from 57.2 million in the same period a year before.

OPAP takes over 
rival Stoiximan

OPAP, Europe's fourth largest gaming company, has agreed to acquire a controlling stake in the fast-growing Greek and Cypriot business of online bookmaker Stoiximan, it said on Tuesday.
OPAP, which already holds a 36.8 percent stake in Stoiximan's online operations in Portugal, Romania and Germany, has agreed to buy a 51 percent stake in Stoiximan's Greek and Cypriot operations.

ATHEX: Stocks head higher for another week

The benchmark index of the Greek stock market posted a weekly advance at the end of Friday's session, buoyed by Standard & Poor's credit rating upgrade for Greece and hopes that DBRS will follow suit. That enthusiasm appeared to run out of steam on Friday though, as trade slumped and the main index ended marginally lower on the day.

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