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Stocks slide anew as bears get settled

The trading week in Greece got off to another southbound start, with the benchmark sliding by as much as 2.5 percent midsession before climbing again and containing losses to just over 1 percent. It appears that the bears are getting settled at Athinon Avenue and won’t be moving until the political landscape clears.

Weekly rise of 6.4 pct for ATHEX

After six weeks of losses the local bourse finally managed to post a weekly benchmark rise on Friday, climbing 6.39 percent from the previous Friday, although it again proved unable to clear the 1,000-point mark at the close, having reached 1,008 points during the course of the session.

Local bourse keeps bleeding

Greek stocks continued to slide on Tuesday as the benchmark edged mighty close to the psychological threshold of 1,000 points, registering a new 12-month low.

The Athens Exchange (ATHEX) general index ended at 1,012.05 points, shedding 2.26 percent from Monday’s closing of 1,035.43 points. The large-cap FTSE/ATHEX 25 index contracted 1.29 percent, ending at 337.37 points.

Investor jitters fuel mini sell-off at Greek bourse

Concerns about the increasing political risk of repeat elections and regarding the assessment that the country’s creditors are set to start on Tuesday sparked another sell-off on Monday at the Athens bourse, which was only contained toward the end of the session after the benchmark flirted with a new year-low below the 1,050-point mark.

Benchmark drops after statements in Germany

Following a morning decline in line with most other European bourses, the Greek market continued to head south on Tuesday as it became clear that Prime Minister Antonis Samaras and Chancellor Angela Merkel were not going to announce any far-reaching statements after their meeting in Berlin. As a result, the benchmark fell to its lowest point of the last 25 sessions.

Greek stocks post weekly losses of 3 percent

Hopes of the Greek benchmark extending its four-week rising streak were crushed on Friday as the session’s stock decline sealed a week of losses that came to 2.99 percent for the main index, while daily turnover averaged 21 percent below last week’s.

The Athens Exchange (ATHEX) general index ended at 1,161.28 points, shedding 0.46 percent from Thursday’s 1,166.60 points.