Athens Exchange

ATHEX: Bourse ends week with 4.7% advance

The rally of bank stocks at Athinon Avenue on Friday added to the week's gains for the benchmark of the market, while mid-caps had a day of moderate gains given that foreign investors appear to be largely ignoring them.

The Athens Exchange (ATHEX) general index ended at 683.46 points, adding 2.04% to Thursday's 669.79 points. On a weekly basis it advanced 4.73%.

ATHEX: Soft landing for bourse

Traders had appeared set to cash in recent stock gains at Athinon Avenue on Thursday, but the European Central Bank's announcement that assistance for eurozone member-states would be boosted contained the drop in prices, while the mid-cap index went up.

ATHEX: Bourse index climbs to new 3-month high

Bank stocks were back in the driving seat at Athinon Avenue on Wednesday, taking the Greek bourse benchmark to a new three-month high - i.e. its highest since the coronavirus epidemic began in Greece. The 700-point milestone seems to be growing closer, while investors appear to have plenty of disposable cash.

ATHEX: Construction stocks lead bourse rise

The benchmark of the Greek stock market now has the 700-point level in its sights after its sixth day of gains in seven sessions. Construction blue chips led the way this time.

The Athens Exchange (ATHEX) general index ended at 658.35 points, adding 0.88% to Friday's 652.58 points. The large-cap FTSE 25 index expanded 0.52% to 1,579.70 points, while mid-caps contracted 0.25%.

Eurobank more than doubles Q1 earnings

Greece's third-largest lender Eurobank more than doubled its first-quarter net profit on the back of lower provisions for impaired loans and higher fee and commission income, it said on Friday.
Eurobank, which is 2.4% owned by the country's HFSF bank rescue fund, reported net earnings of 57 million euros, up from €22 million in last year's first quarter.

ATHEX: Rebalancing leads to jump in turnover

The upcoming rebalancing of the MSCI Greek stock indexes and profit taking after five consecutive days of gains led to losses at Athinon Avenue on Friday, with a huge daily turnover. Notably 70% of trading volume took placing during the closing auctions. The benchmark of the Athens stock market ended May with a monthly advance of 3.87%, though banks lost 2.94%.

Greece’s Eurobank more than doubles Q1 profit as loan-loss provisions drop

Greece's third-largest lender Eurobank more than doubled its first-quarter net profit on the back of lower provisions for impaired loans and higher fee and commission income, it said on Friday.

Eurobank, which is 2.4% owned by the country's HFSF bank rescue fund, reported net earnings of 57 million euros ($63.4 million), up from 22 million euros in last year's first quarter.

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