The benchmark of the Greek bourse came off last Friday's five-year highs on Monday as the market appeared to be keeping some cash aside for the upcoming 15-year Greek government bond issue. International pressure on stocks from the Chinese coronavirus played a part too, while the Greek economy's upgrade by Fitch had already been priced in last week.
Despite the slight drop of the banks index on Wednesday, the benchmark and the majority of stocks on the Greek bourse continued their rise, led by mid-caps, albeit at a slower pace than in previous days. This has taken the main index to another five-year record high after the seventh straight day of gains.
The positive views on the Greek economy and its banks by various foreign firms, including rating agency DBRS Morningstar, continue to feed traders' buying interest, which is also trickling down to mid- and small-caps. This carried the benchmark through to another day of growth on Wednesday, on higher trading volume too thanks to a number of packages that changed hands.