Public Power Corporation

The week at the Greek stock market began in the same way it had closed on Friday, with healthy gains for the majority of stocks driven by the growth registered by banks stocks.

Electricity suppliers announced on Friday lower bills for May, with prices very close to the target set by the government for final charges to consumers. 

More specifically, Public Power Corporation reported a charge of 15.9 cents per kilowatt-hour for energy consumption up to 500 KWh, down from 16.5 cents in April). 

Public Power Corporation (PPC) on Thursday announced it has reached a deal to increase its equity stake in electricity power distribution and supply companies in Romania, following an agreement reached on March 9 to acquire all of Enel's activities in the country. 

The benchmark at the Greek stock market tested the waters around the 1,080-point level and returned below 1,070 points on Tuesday, closing with minimal gains that sufficed to make the session the fifth in a row with growth for the bourse. This was mainly driven by bank stocks, while the majority of the market ended up with losses, albeit minor in most cases.

The benchmark of the Greek stock market cleared the 1,050-point bar on Friday, but that was not enough to prevent it from ending the month of March with a loss - a first after the rising streak from October to February. While the benchmark recorded a drop of 6.61% for March, it ended the first quarter with an increase of 13.42%.

Having attracted an average of 35,000 visitors a year in previous installments, the Athens Bike Festival is going bigger in its ninth edition.

Traders at Athinon Avenue reacted with surprise to the largely predictable announcement of the general election on May 21, swinging the main index of the Greek stock market to losses that exceeded 1% by the end of Tuesday's session.

The Greek bourse recovered almost half of the ground it had lost in the near-3% decline of its benchmark last Friday, but it was on particularly low turnover, which does not bode well for the coming days. 

The late decline mainly by bank stocks led the benchmark of the Greek bourse to moderate losses on Wednesday, although the majority of stocks posted gains. The low turnover revealed that many investors chose to sit the session out in anticipation of the decisions by the central banks of the US and Britain.

Tuesday was a day of healthy gains on the Greek stock market, reminiscent of the sessions of high growth in the first couple of months of 2023. Assurances by domestic and foreign experts over the strength of the local credit system offered a major boost to bank stocks that led blue chips to a significant rebound.