Athens Exchange
Fitch: HFSF, BoG plans to help lenders
The quality of Greek banks' assets and their levels of capital constitute the biggest challenges for the sector in 2019, and these two factors will also determine the course of Greece's assessment by its creditors, Fitch analysts noted on Tuesday at an event in Athens.
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ATHEX: Fitch boosts bank stocks, benchmark
A Fitch Ratings statement, saying that the plans proposed in Athens for the reduction of bad loans in Greece could offer genuine hope for the credit sector's redemption, boosted local bank stocks on Tuesday, which had a positive knock-on effect on the rest of the market too.
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ATHEX: Credit sector losses are offset
The Capital Market Commission's report showing foreign funds maintaining their short positions in local bank stocks resulted in a notable decline for the credit sector at the start of the week. However, non-bank blue chips managed to push the benchmark into positive territory at the end of the session despite the bank sector slump.
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ATHEX: Banks' losing streak brought to an end as turnover leaps
The closing auctions saved the day for the Greek stock market's benchmark once again on Friday, leading to the highest daily turnover in 30 sessions. The banks index also ended its six-day losing streak, during which it had shrunk by almost 20 percent.
ATHEX: Fresh selling spree hits bank stocks
The slight recovery of stock prices during the closing auctions on Thursday did not suffice to offset the losses of the Athens benchmark, which ended almost 1 percent lower. Banks were at the focus of selling interest again.
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ATHEX: Index ends day virtually unchanged
Stocks at Athinon Avenue rallied toward the end of the session on Wednesday for a third day in a row, offseting most of their losses. A slight majority of stocks ended up lower and banks continued to slide, while the benchmark closed virtually unchanged and mid-caps recorded small gains.
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ATHEX: Banks index gives up over 12 percent in four sessions
In a trading session that bore close resemblance to that on Monday, stocks spent all day in the red on Tuesday, led by the credit sector, and with the benchmark's losses being contained during the closing auctions. The difference was that Tuesday's turnover was twice that seen on Monday.
ATHEX: Bank stocks slide 4.2 pct
The political turmoil in Greece and declines seen on other eurozone bourses weighed on the benchmark at the Greek stock market on Monday, although losses were reined in to less than 1 percent during the closing auctions. This was thanks to the help from non-bank blue chips that offset most of the impact from the banking sector drop.
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ATHEX: Traders reap earnings, stemming five-day rise
The rising streak on the Greek bourse was interrupted on Thursday by profit-taking from investors, who led the benchmark and blue chips south after five sessions of growth, although mid- and small-caps enjoyed gains.
ATHEX: Banks lead index to fifth day of growth
Bank stocks on Wednesday built on Tuesday's momentum to jump more than 5 percent on a day with a more respectable turnover at the local stock market. This was the fifth straight day of advance for the benchmark at Athinon Avenue, a record unseen in the last eight months.
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