After heading south in the previous three sessions, Greek stocks in Athens reversed course on Wednesday, with most ending up in the black and the benchmark reclaiming the 800-point level it had lost on Tuesday. The expected reopening of the retail market is seen as a catalyst for some short-term gains in the coming days.
The Greek stock market picked up the pace again on Thursday, with the benchmark gaining ground on increased turnover, although banks tipped the balance between winners and losers in favor of those that headed lower. Energy stocks are showing notable resilience, which in the view of investors points to a positive outlook for the economy in general.
Greek stocks recovered somewhat on Tuesday from Monday's slump due to the UK's troubles with the mutation of the coronavirus and the impasse in the Brexit talks, as the benchmark climbed back up to 780 points. However, the level of trading volume indicated that the minds of many were already occupied with the holidays.
The benchmark of the Greek stock market reverted to its northbound course on Wednesday, but once again it ducked back below the 800-point mark before the close, after testing the waters during the session. It will probably take one more final push for the index to reach that level, and with tomorrow seeing the last triple-witching session of the year, anything is possible.