"We have been engaged with financial markets since 2007 when we were first listed in New York at the Nasdaq stock exchange. Since then we have paid more than $800 million in dividends to our investors" Evangelos Marinakis, the Founder and President of Capital Maritime & Trading Corp. said today, on the occasion of the listing of CPLP's bond on the Athens Stock Exchange (ATHEX).
The fourth consecutive day of gains at the Athens bourse gave the the benchmark its biggest advance as it climbed close to the 800-point mark, in line with most other markets that were open on Monday. Turnover topped 50 million euros despite the fact that major markets such as those of the US, Hong Kong and China were closed due to holidays.
The only way was up on Thursday for most banks after Wednesday's decline, with the credit sector (although not Piraeus Bank) carrying the rest of the stock market to significant gains - albeit not as impressive as some highs recorded during the course of the session. Turnover also headed higher - another encouraging sign.
Despite the significant decline of the banks index, other stocks at Athinon Avenue welcomed back buyers on Wednesday, with trading volume remaining just above the 50-million-euro mark after the MSCI index restructuring produced no surprises for listed companies. A bank rebound could fuel a further rise over the rest of the week.
Greece's stock market matched the picture on most other eurozone bourses on Monday with gains secured on relatively thin trade. The Greek market will try to benefit from the desire of certain investors to take some calculated risks as Europe tries to emerge from the health crisis and Italy is close to forming a new government.