Athens Stock Exchange

The Greek bourse's benchmark may have notched up more gains at the start of the week to reach a fresh 28-month high, but the hesitant investor moves throughout the day and the relatively low trading volume point to the market waiting for news about a bond issue by Athens and the likelihood that the recent rally may have come to an end.

The main index of the Greek stock exchange posted yet another 28-month high on Friday, as investors saw the majority of stocks increase in price and confidence, presenting significant opportunities in the recently stabilized economy in Greece.

The benchmark of the Greek bourse rose on Thursday to heights unseen since March 2015 as stocks from all sectors enjoyed a session of significant gains, on increased trading too.

Another session with plenty of action at the stock exchange on Wednesday saw the benchmark slip on the decline of mid-caps, although banks remained on a rising course. The closing auctions saw sellers outnumber buyers by a 10-to-one ratio.

The Greek bourse unexpectedly offered some decent action to investors and observers on Tuesday, with the early gains all but evaporating and trading volume more than doubling compared to Monday. The mixed picture upon closing was mirrored in the split between winners and losers among the day's movers, as 56 stocks went up, 63 declined and 15 stayed put.

A rise in bank stocks helped buoy the benchmark and the majority of stocks on the local bourse on Monday, but trading action continued its decline.

The Athens Exchange (ATHEX) general index closed at 843.83 points, a new 26-month high, adding 0.76 percent to Friday's 837.43 points. The large-cap FTSE-26 index expanded 0.58 percent to 2,182.42 points.

That Friday feeling and some not unexpected profit taking saw trading volume drop and many stock prices register a decline at the Athens bourse on Friday, at the end of another week of gains - the fourth in a row - for the benchmark.

The benchmark at Athinon Avenue kept edging upward on Thursday during a session when stock market heavyweight banks saw the limelight stolen by energy large-caps.

The Athens Exchange (ATHEX) general index closed at 843.25 points, adding 0.23 percent to Wednesday's 841.34 points. The large-cap FTSE-26 index contracted 0.06 percent to 2,187.14 points and banks shrank 1.03 percent.

The benchmark of the Greek bourse climbed to a new 26-month high on Wednesday with considerable gains for most stocks, as the market appears to be pursuing self-feeding growth that will lead it to higher ground, given that there is hardly any substantial news to boost investor sentiment.

A rather quiet session at the Greek bourse on Tuesday saw blue chips head lower while mid-caps went up, as the market remains in search of a clear direction.

The Athens Exchange (ATHEX) general index closed at 825.89 points, shedding 0.21 percent from Monday's 827.65 points.