Athens Exchange
ATHEX: Greek bourse extends gains while turnover remains high
Athinon Avenue continued to record gains on Tuesday, with the benchmark edging up to a fresh 13-month high, while turnover exceeded 100 million euros again.
The Athens Exchange (ATHEX) general index closed at 845.95 points, adding 0.38 percent to Monday's 842.76 points. The large-cap FTSE-25 index expanded 0.37 percent to end at 2,160.05 points.
ATHEX: Enthusiasm grips stock market
The Greek stock market's usual buying targets - i.e. banks and Public Power Corporation - secured considerable gains at the start of the week, taking the benchmark to a new 13-month high as the market displayed its excitement at the formal announcement of a snap general election.
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Piraeus Bank offloads 507 mln euros of impaired corporate loans
Piraeus Bank has agreed to sell half a billion euros of non-performing corporate loans to an entity affiliated with Davidson Kempner Capital Management as part of efforts to clean up its balance sheet.
Greece's largest lender by assets on Monday said it is selling loans with a gross book value of 507 million euros ($573 million) and has agreed a price of 240 million euros.
ATHEX: Trading week ends with a 1.72 pct drop for benchmark
The main index at Athinon Avenue recorded minor losses on Friday in a mixed session that witnessed pressure on stocks including Piraeus, PPC and Ellaktor, while in general the gainers outnumbered the losers by two-to-one.
ATHEX: Stocks slip as investors reap earnings
The majority of Greek stocks saw mild losses on Thursday, with the exception of Public Power Corporation, which fell by more than 8 percent. Many traders took the opportunity to cash in their gains on recent outperformers.
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ATHEX: Benchmark rebounds by almost 1 pct
Buyers got back to strengthening their positions on the Greek bourse on Wednesday, taking the majority of stocks close to the day's highs at the close after a rather wobbly start due to the release of the European Commission's third assessment report. Even so, the session's turnover was less than half that recorded on Tuesday.
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ATHEX: Profit taking pushes main index off its 12-month high
The combination of traders cashing in recent gains and Greece's weaker-than-expected economic data for the first quarter of the year resulted in the majority of stocks at the Greek bourse taking losses on Tuesday.
ATHEX: Investors’ confidence keeps growing
The outcome of the local and regional elections on Sunday appeared on Monday to strengthen market confidence in upcoming political developments in Greece, with the benchmark of the Greek bourse refusing to yield to pressures both from sellers and other eurozone markets, where the trend was south.
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Greece's Piraeus bank profits fall in first quarter
Piraeus Bank reported lower first quarter profit on Monday compared to the previous three-month period, hurt by higher provisions for impaired loans and lower commission and trading income, Greece's largest lender by assets said.
ATHEX: Bourse enjoys its best week in four years
The stock market braved its early losses and the drops on most other European bourses to revert to gains by the closing bell on Friday and see its benchmark register monthly gains of 7.37 percent in May. Public Power Corporation and banks led the price rebound, with turnover topping 150 million euros, as the positive momentum that started last Monday continued.
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