Piraeus Port Authority

Stocks claw back bulk of early losses

Black Tuesday’s sell-off continued during early trade on Wednesday at the Athens bourse, with the benchmark down more than 4 percent at one point. However, most stocks managed to contain their losses, and gains by some of the previous day’s biggest losers, including MIG and PPC, limited the damage to a drop of just 1 percent at the end of the session.

Stocks inch up in slow trade

The local stock market saw little reason to buy into Friday’s news of the country’s official return to growth, with the weak momentum abating but taking the benchmark just over 890 points while trading volume ended at the lowest level of the last seven sessions.

Greek, Chinese leaders vow to deepen strategic ties

Prime Minister Antonis Samaras and Chinese Premier Li Keqiang on Friday issued a joint statement pledging to boost strategic bilateral ties following a visit by the two men to Piraeus, where Chinese shipping giant Cosco is seeking to expand its presence and which Li said could become “China’s gateway to Europe.”

Bank stocks send index to higher ground

Banks played the leading role in another bourse session as their gains buoyed the benchmark and the blue chip index higher, while the mid-cap slide resulted in declining stocks outnumbering those that rose on Wednesday.

The Athens Exchange (ATHEX) general index closed at 1,119.30 points, adding 1.56 percent to Tuesday’s 1,119.30 points.