Piraeus
ATHEX: Third day of stock losses
The Fed's {decision on Wednesday to hold the key US interest rates unchanged inflicted losses on most European stock markets on Thursday; the Greek bourse followed suit, with its benchmark heading south for the third day in a row, on the lowest daily turnover in 11 sessions.
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ATHEX: Soft landing for bourse
Traders had appeared set to cash in recent stock gains at Athinon Avenue on Thursday, but the European Central Bank's announcement that assistance for eurozone member-states would be boosted contained the drop in prices, while the mid-cap index went up.
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ATHEX: Fifth straight day of gains for benchmark
Early profit-taking at Athinon Avenue gave way to a fresh wave of buying later on Thursday - although banks appeared to have fallen out of favor - taking the benchmark higher for the fifth session in a row. The market is now confidently looking toward more growth, boosted also by the significant increase in daily trading volumes.
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ATHEX: Investors get ready for rebalancing
On a day when Wall Street and the London Stock Exchange remained closed, the Greek bourse secured a rather satisfactory turnover of almost 50 million euros on Monday, with traders opting to position themselves ahead of this Friday's upcoming index rebalancing. Leading the benchmark to strong gains were bank stocks, which were oversold in previous sessions.
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ATHEX: Non-banking stocks send index higher
The majority of stock prices recovered from early lows on Wednesday to end the session with gains. However, banks failed to stage a recovery, as buyers appeared more interested in specific blue chips outside the credit sector, such as energy stocks.
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ATHEX: Bank stocks’ losses keep on mounting
Bank stocks came under fresh pressure on Thursday, with the benchmark yielding more ground at the close despite spending some time in the black during the day. Global pessimism regarding the economy and the World Health Organization's statement that the coronavirus may never go away weighed on most markets, with Athinon Avenue proving to be no exception.
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ATHEX: Oil prices fuel Athens stock slump
The dramatic slide in oil rates and some negative corporate developments, including QCM's report on Greek Nasdaq-listed firm Akazoo, saw local stocks heading south at the beginning of the week, with the credit sector losing more than 10 percent in a day.
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ATHEX: Minor drop at the end of the trading week
After a mixed session that brought another trading week to an early close, bank stocks managed to drag the benchmark into negative territory during the closing auctions on Thursday, although the great majority of stocks recorded gains.
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ATHEX: OTE, Jumbo help bourse reverse drop
The benchmark of the Greek bourse shook off its midsession losses on Thursday to end the session with gains fueled by the positive start on US markets and the global rise in commodities, although bank stocks failed to get the memo. Turnover remained low.
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ATHEX: Bourse ends Q1 22 bln euros out of pocket
March, and with it the first quarter of the year, came to a close on Tuesday with a bourse session that saw all its mid-session gains vanishing by the closing bell and stocks split down the middle between gainers and losers.
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