Sarantis

OpenCalais Metadata: Ticker

SAR

OpenCalais Metadata: LegalName

GR. SARANTIS S.A.

ATHEX: Mild gains on cherry picking

The Athens stock market managed to remain on a rising course on Tuesday, on presentable trading volume, although stocks painted a mixed picture and the banks index headed lower. Traders were very selective, opting to cash in recent bank stock gains while buying into other blue chips and mid-caps.

ATHEX: Most stocks head lower

After five days of gains and the buying fatigue recorded late on Monday, stocks at Athinon Avenue recorded notable losses on Tuesday, bucking the trend seen on other eurozone markets, with turnover remaining low. The next couple of days will determine the direction of the market up to the end of the month.

ATHEX: Late bank rally helps bourse to weekly rise

Bank stocks recovered from their decline on Friday morning to buoy the benchmark and the blue chip index higher by the end the session. Information on further action by banks to reduce their bad loans helped stocks offset losses triggered by Deputy Prime Minister Yiannis Dragasakis's statements, who said local lenders may need more capital injections in the future.

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