Public Power Corporation

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Stocks lose ground as investors lose interest

Unmoved by the prospect of a likely credit rating upgrade for Greece by Standard & Poor’s on Friday, investors in local stocks were rather bearish on Thursday, while the trading volume was the lowest observed in the last eight sessions.

The Athens Exchange (ATHEX) general index ended at 1,166.60 points, shedding 0.36 percent from Wednesday’s 1,170.85 points.

Stock rise for third day on brighter news

Greek equities posted gains for a third consecutive day on Wednesday, in line with stocks elsewhere in Europe which were helped by a Morgan Stanley report forecasting benefits for firms from the projected slide in the euro. The market was also bolstered by news of a near end to the Greek recession and the disbursement of a 1-billion-euro bailout tranche.

Geopolitics, luckluster banks weigh on stocks for 10th day

The persisting gloomy outlook sent Greek stocks south for a tenth straight session on Friday.

The strong pressure on stocks, which doesn’t look like abating anytime soon, is considered a combined result of geopolitical tensions, uncertainty over banks in view of the ECB stress tests and the upcoming announcement of listed firms’ first-half results, due by the end of the month.

Banks surge but bourse sinks lower

A rebound in bank shares failed to avert a further slide for the Athens stock market’s general index on Thursday in a session described as an exciting slogging match between buyers and sellers.

The banks index gained 4.17 percent to 144 points, led by Piraeus (7.94 percent) and buttressed by National Bank (3.14 percent), Eurobank (3.62 percent) and Alpha (2.09 percent).

Greece's PPC OKs 180-mln-euro investment for wind projects

Public Power Corporation has approved a 180-million-euro investment for wind projects in northern Greece and a tender for a smaller facility in Crete.

This enables Greece’s energy regulator to start evaluating applications for power-generation licenses for 150 megawatts of capacity in Rodopi, PPC said in a statement.