TERNA Energy

The majority of stocks at Athinon Avenue posted a moderate decline on Wednesday, as the bourse failed to build on its Tuesday recovery. There was little in the direction of selling but even less action among buyers, so most of the day's reduced turnover went toward bringing prices down.

Greek stocks declined slightly in August's last session at the Athens Stock Exchange (ASE), as investors locked in profits, although on a limited scale. What stood out though was the sudden surge in turnover, to €453.75 million.

Greek stocks dropped slightly Wednesday after four sessions with cumulative gains of 1.90%. The general index closed at 1,316.94 points, a drop of 0.11%, although it was up 0.30% at one point.

Turnover was €95.54 million with 24,001,624 shares changing hands. Of the 120 shares traded, 43 rose, 61 declined and 16 ended unchanged.

Blue chips slipped 0.12% and mid-caps 0.37%.

The Athens Stock Exchange rose slightly on Thursday but could not scramble above 1,300 points, a level it has found difficult to sustain.

Investors made selective moves in some stocks and turnover was relatively low for a second session in a row.

The general index closed at 1,295.91 points, a 0.17% gain. Blue chips declined 0.11%, mid-caps gained 0.73% and banks slid 0.44%.

A favorable climate in European markets and investor interest in banks and several blue chips helped the Athens Stock Exchange return to the 1,300-point level on Tuesday.

Despite some selling towards the end, the general index gained 1.18% to close at 1,300.47 points on turnover of €92.9 million. Blue chips gained 1.34%, mid-caps 0.96% and banks 1.77%.

The Athens stock market rebounded strongly Monday, on the back of bank shares' performance and positions on other blue chips.

The general index ended up 1.74%, at 1,285.27 points, on turnover of €108.5 million.

The stock market faced a selling wave among heightened concern about the Chinese economy and fears that interest rates will stay high in both Europe and the US for some time.

The ASE general index ended 1.57% lower to 1,263.34 on turnover of €85.66 million. It was the fourth consecutive weekly drop (1.83%), while banks fell 3.02%.

The Athens Stock Exchange closed with mild gains of 0.9% on Wednesday, ending a run of three negative sessions.

The general index closed at 1,279.92 on turnover of €77.3 million. Blue chips gained 0.24%, mid-caps 0.36% and banks 0.02%.

Negative sentiment in European markets and investors locking in short-term gains led the Greek stock market to drop for a third successive week on Friday.

The week's final trading session was decisive for the negative trend.

A subdued session saw Greek stocks decline slightly on Thursday, in contrast to the gains in other European markets.

Most banks and blue chips faced selling pressure, but not excessively.

The ASE general index closed at 1,313.20 points, 0.30% lower on turnover of €84.9 million. Blue chips dropped 0.31%, mid-caps 0.24% and banks 0.13%.