Public Power Corporation

Wednesday's mixed session at the Greek stock market may have seen the majority of stocks (including banks) decline and the daily turnover revert to more subdued seasonal levels, but the benchmark continued its ascent for a second straight day to climb to levels unseen in 16 weeks, above the 1,300-point mark.

Athinon Avenue returned to its rising course on Tuesday, with the benchmark climbing to a new 15-week high, on the verge of 1,300 points. Banks - especially Eurobank - outperformed, and alongside some other key blue chips lifted the main index to its highest point since September 1.

The benchmark of the Greek stock market on Thursday built on the gains recorded in previous sessions to rise to another 14-week high, very close to the 1,300-point level, that it temporarily surmounted. The rotation of stocks in focus continued, as in this case it was non-banking blue chips and mid-caps that drew most of the buyers' attention.

Public Power Corporation (PPC) shareholders approved by 98% of the vote a change to some of the company's articles of incorporation that will allow it to expand activities to trade in technology products and provide information services, on Thursday.

The Greek stock market on Wednesday repeated its ascent of Tuesday, climbing to yet another 14-week high based on the second consecutive day of advance by banks.

The buyout of 100% of the shares of Dixons South-East Europe SA by Public Power Corporation is now at the Hellenic Competition Commission for review, the latter announced on Wednesday.

While the vast majority of stocks at the Greek bourse closed with gains Thursday, the benchmark of the market remained practically unchanged and banks suffered renewed pressure, losing some of the ground recently secured. Observers note the significant expansion of investor interest in mid- and small-caps at Athinon Avenue in recent days.

The buyout of 100% of the shares of Dixons South-East Europe SA by the Public Power Corporation is now at the Hellenic Competition Commission for review, the latter announced on Wednesday. The file was received by the Commission on Monday, it said.

The intention of Public Power Corporation to withdraw a total of 41 power generation units from Crete, the Cyclades and the non-interconnected islands from end-2023 up until 2028 sounded the alarm at the Ministry of Environment and Energy and the competent authorities.

The Greek stock market benchmark came off a 12-week high on Tuesday to post minimal losses, in what was a mixed session that saw banks return to price growth and the majority of stocks heading lower, while turnover remained at Monday's high levels.