Athens Exchange

The government is moving quickly to develop plans to reduce the retail banks' nonperforming loans, hoping it will make up for the wasted time under the SYRIZA government.

Anticipation of positive feedback from Fitch in its report on Greece, expected late on Friday, and the advance of Greek bonds helped contain the stock drop at Athinon Avenue at the end of the week, compared to significant retreats on other eurozone markets.
The Athens Exchange (ATHEX) general index ended at 885.11 points, shedding 1.11 percent from Wednesday's 895.04 points.

Bank stocks led the Greek bourse lower on Thursday, with trading volume dropping significantly at the start of August, the traditional summer holiday month in Greece.
The Athens Exchange (ATHEX) general index ended at 895.04 points, shedding 0.54 percent from Wednesday's 899.93 points.

The Greek bourse benchmark has almost reached the psychologically important 900-point mark, ending July with monthly gains of 3.62 percent.
The Athens Exchange (ATHEX) general index ended at 899.93 points on Wednesday, adding 1.14 percent to Tuesday's 889.81 points.

Greek stocks regained some of the ground lost during Tuesday's trade in the closing auctions. The benchmark's northbound streak was halted after five sessions, while the banks index retained its growth course - but only just.

Banks led the way on Monday at Athinon Avenue, where trade was notably slower due to it being the start of the traditional summer holiday season, while the election frenzy that started on May 27 appears to have subsided. The benchmark edged nearer the 900-point landmark, but the majority of stocks ended up on the losing side.

The Greek bourse appears to be betting on an imminent credit rating upgrade, with Fitch and Moody's expected to deliver their verdicts next month. As the benchmark headed higher for a fourth day in a row, on Friday it recorded respectable gains for the week, having risen by over 45 percent since the start of the year.

Greek stocks held on to most of their early gains to see the benchmark at Athinon Avenue move even closer to the 900-point mark on Thursday.

The Athens Exchange (ATHEX) general index ended at 885.99 points, adding 1.33 percent to Wednesday's 874.34 points. The large-cap FTSE-25 index expanded 1.59 percent to end at 2,191.84 points, while mid-caps contracted 0.59 percent.

The Greek stock market grew at the same pace on Wednesday as it did on Tuesday, building on the rise of PPC's stock and the further improvement of Greek bond positions. The benchmark appears ready to test the 900-point level after a very long time.

Public Power Corporation was the reason the benchmark of the market at Athinon Avenue returned to gains on Tuesday as its 15.61 percent advance offset the decline of the banks index and the majority of other stocks.