The massive sell-offs seen on global markets, the euro's drop against other major currencies, the postponement of the seven-year bond issue, and the growing sense that the Greek government is not as stable as had been thought inflicted major losses on local stocks on Tuesday that were eventually contained toward the end of the session.
The Greek bourse saw stocks head lower on Friday as a result of pressure on international securities markets over the last couple of days. Trading volume was the lowest in the last four sessions.
The Athens Exchange (ATHEX) general index ended at 875.38 points, shedding 1.25 percent from Thursday's 886.44 points, but on a weekly basis it slipped just 0.31 percent.
Shares in Public Power Corporation soared 15.69 percent on Wednesday, and along with ADMIE Holdings' 5.09 percent rise powered the benchmark of the Greek bourse to another day of significant gains, with daily turnover remaining above the 100-million-euro mark. This time banks were mere also-rans in a session dominated by energy stocks.
The decline of Greek bond yields, the rise of the stock markets in Germany and other key eurozone countries and the better-than-expected outcome of Monday's Eurogroup contributed to another day of notable gains for Greek equities on Tuesday, on increased trading volume. The psychologically significant 1,000-point level may not be beyond reach for the benchmark in the coming weeks.