Piraeus
Greek ports and geopolitics
In the early 2010s, Greece, burdened by debt and facing bankruptcy, had to agree to an intensive schedule of privatizing critical infrastructure, especially its ports.
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ATHEX: Benchmark comes off record highs
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.
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ATHEX: Bourse hits highest level in 11 months
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.
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ATHEX: Trade halts for hols on a high note
The Greek stock market closed for Christmas on Wednesday with further gains for most companies, on the strength of the growing prospects of an agreement between Brussels and London over Brexit, although the day's turnover was the lowest in the last 33 sessions. The bourse will next reopen on Monday.
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ATHEX: Stock picking on the bourse
Thursday's bourse session was relatively quiet ahead of Friday's triple witching, with some selective profit-taking among blue chips. Stocks were split between winners and losers, with banks showing some significant fluctuations before settling for moderate losses.
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ATHEX: Rising streak is broken
The Greek bourse benchmark's 14-session rising streak - the first this century - came to an end on Thursday, with significant losses for the majority of stocks, although not all blue chips followed the bank stocks on their steep decline. At any rate, the benchmark demonstrated that it is not yet ready to conquer the 800-point mark.
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ATHEX: Twelfth day of stock gains in succession
Bank stocks almost single-handedly secured gains for the benchmark at Athinon Avenue at the start of the week, as other blue chips headed lower. The recent momentum continues unabated though, as also illustrated by the daily turnover level.
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ATHEX: Banks keep benchmark in the black
The profit-taking recorded during Wednesday's bourse session was not enough to avert another day of growth for the benchmark at Athinon Avenue, which has risen to a new nine-month high thanks to the advance of banks and a handful of other blue chips.
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ATHEX gains, but trade is very thin
he Athens Stock Exchange finally aligned itself with the positive turn on the European markets Tuesday, as it rebounded from Monday's significant losses to close 1.47% higher.
This rebound was achieved on very low turnover, which dropped below €30 million, a clear indication of investors' reluctance to see an upside.
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ATHEX: Benchmark refuses to lose ground
The benchmark of the Greek stock market resisted heading south on Monday despite spending most of the day in the red and seeing its eurozone peers suffer losses. A late rally offset all of the day's losses, although the blue-chip and the mid-cap indexes ended with a small decline and turnover remained at low levels.
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