The Greek bourse benchmark's 14-session rising streak - the first this century - came to an end on Thursday, with significant losses for the majority of stocks, although not all blue chips followed the bank stocks on their steep decline. At any rate, the benchmark demonstrated that it is not yet ready to conquer the 800-point mark.
The benchmark at Athinon Avenue made it 13 sessions of growth in a row on Tuesday, climbing to a new nine-month high and starting to flirt with the 800-point level. Observers keep speaking of expected profit-taking, but buyers have made it clear they still haven't had their fill of local stocks yet.
The Greek bourse benchmark climbed on Friday to highs unseen since late February after its 11th consecutive day of gains, which were quite handsome too, on the day the third-quarter growth data were issued. Likewise, the Greek benchmark 10-year bond yield reached a new low on Friday, at 0.626 percentage points.
The Greek bourse benchmark advanced for a 10th consecutive session on Thursday, a streak unseen in almost four years, as stocks are now extending November's momentum into December. The index recorded a new ninth-month high - and without the help of bank stocks this time.
The Athens Exchange (ATHEX) general index ended at 766.82 points, adding 0.97% to Wednesday's 759.47 points.
The Greek stock market saw in the month of December with another session of robust growth on Tuesday, driven by the four systemic banks. The better-than-expected third-quarter results posted by National Bank gave the credit sector that extra push, which also took daily turnover well beyond the 100-million-euro mark.
National Bank (NBG), one of Greece's four largest lenders, on Monday reported higher third-quarter net profit compared to the second quarter on stronger fee and net interest income.
NBG, 40% owned by the country's HFSF bank rescue fund, said net profit from continued operations reached 137 million euros, versus net earnings of €58 million in the second quarter.
November may have been the month of the second lockdown, but it was also the month of the Greek stock market, as its benchmark rebounded 29.4% over the period and the banks index recorded a rise of almost 70% on a monthly basis. Monday's session changed little in the month's statistics, although large trading volume was observed due to index rebalancing.