Public Power Corporation

October was another month of growth for the main index of the Greek bourse, leading to gains of 1.63 percent. Almost half of that growth came through Thursday's advance, which was once again led by bank stocks. Meager though the monthly growth may seem, it has taken the benchmark's gains since the start of the year to almost 44 percent.

The gradual distancing of Public Power Corporation (PPC) from Public Gas Corporation (DEPA), of which the power giant used to be the main client, will likely be the killing blow for the gas utility's competitiveness, just as the state is getting ready to privatize it.

Nearly 1,500 applications to settle debts to Greece's power utility have been filed daily since October 1, which is when the new debt installments plan went live online and also became available by telephone, sources in Public Power Corporation (PPC) reported on Monday.
The new repayment plan includes more installments and lower initial installment rates.

The Greek bourse benchmark is steadily approaching the 900-point mark after its advance on Tuesday on considerably increased turnover, mainly thanks to the further decline of Greek bond yields ahead of anticipated credit rating upgrades.

Public Power Corporation (PPC) has just launched its double-play offerings to domestic and professional customers, penetrating the natural gas market for their first time.

Another session of little change for the Greek bourse benchmark ended on Wednesday, with the most notable gains being reserved for mid-caps, such as realty firm REDS, which earned 5.36 percent after the approval of its Cambas development project.

The Greek bourse had another mixed day on Tuesday, with the market awaiting feedback from Brussels regarding the draft budget Athens has submitted, but in the end all indexes closed in the black thanks to a number of stocks posting firm gains.

Public Power Corporation is launching a counterattack in the retail market, expanding its activity to the provision of natural gas too.

Greek stocks held their ground on Monday as early losses gave way to a late surge that offset the selling action and left the benchmark virtually unchanged at the beginning of the trading week. The low turnover pointed to the wait-and-see stance adopted by larger portfolios, while bond yields have started to edge higher.

The banks index at Athinon Avenue enjoyed a second consecutive day of gains in excess of 4 percent on Friday, building not only on the advance of the Heracles plan for the securitization of bad loans, but also on the upward momentum observed in foreign stock markets. That also led to the benchmark attaining growth just shy of 2 percent.