Titan Cement
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ATHEX: Convincing session of stock gains
Athinon Avenue produced a more convincing session of gains on Wednesday, with the benchmark growing almost 1% and turnover moving above the 100-million-euro mark again. The rebound on European markets and the Fitch report that projected a fiscal overperformance for Greece, as well as the essential window dressing at the end of the year's first half, saw most stocks move up on the day.
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ATHEX: Index hits highest level since 2014
The Greek stock market rebounded after Thursday's respite to post a fresh nine-year high on Friday with the help of most blue chips, though not banks. The June triple witching sent turnover soaring, along with the upcoming rebalancing of the indexes.
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ATHEX: Index posts rebound on thin turnover
The slowing pace of the Fed rate hikes and those that followed in Britain, Switzerland and Norway kept investors at bay on Thursday, though buyers edged out sellers at Athinon Avenue for price growth on low turnover. This time banks underperformed, but they are about to be joined soon by the new listing of Optima Bank in a rare injection of fresh blood in this section of the market.
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ATHEX: Banks lead rebound on stock market
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.
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ATHEX: Bourse day not for the faint-hearted
No one can claim they got bored watching Thursday's bourse session at Athinon Avenue, as after the 4.55% slump on Wednesday, the fastest in nine months, buyers returned in force on Thursday morning boosted by the central bank's support for Credit Suisse.
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ATHEX: Major drop for almost all stocks
Investor concern about a shift in local politics that may increase the election risk for the government, due to the railway tragedy at Tempe, led on Monday to the biggest daily decline in seven months for the main index at Athinon Avenue. Led by banks, Greek stocks lost a significant portion of their recent gains, as the impact of the train crash does not appear to be going away anytime soon.
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ATHEX: Index stays put following balanced day
Unfazed by political developments in Parliament, the Greek stock market held its ground on Wednesday after its benchmark temporarily climbed above 1,000 points again. Traders engaged selectively in some profit taking while many investors are expecting the issue of corporate results that begins on Thursday, as well as Friday's credit rating report on Greece by Fitch.
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ATHEX: Most stocks post fresh gains again
The constant march higher of Greek stocks continued on Wednesday, on a considerably increased turnover thanks to a number of business deals that not only increased the trading volume but also further fed the optimism among investors for medium-term gains. More than half of the day's turnover took place during the closing auctions.
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ATHEX: Return to rising course for bourse
Wednesday saw the benchmark of the Greek stock market register a new 11-month high on moderate daily gains that changed the earlier picture of negligible losses in a session of rather shallow trade at Athinon Avenue.
The main index was able to turn the tables in the closing auctions, with rising stocks narrowly edging out the losers.
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Demands of energy-intensive industries
Greece's energy-intensive industries are exposed to wholesale market fluctuations, as the formula has not yet been found to ensure competitive electricity costs without threatening the system regarding the ceiling on producers' income, which collects money for subsidies of domestic tariffs.
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