Coca-Cola Hellenic Bottling Company
ATHEX: Some recovery after decline on Monday
Investors reacted to Monday's major drop on the Greek stock market and on Tuesday they granted non-bank stocks some recovery, although bank stocks remained under pressure.
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ATHEX: Benchmark climbs for sixth week
In anticipation of the Piraeus Bank placement next week, the Greek stock market had a rather quiet day on Friday, at the closing of another week of gains for the main index at Athinon Avenue, the sixth in a row. The blue chip index and that of banks headed lower on the day, while the majority of stocks and the mid-cap index ended up with gains.
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ATHEX: Benchmark expands for fourth week
Athinon Avenue ended its fourth consecutive week of gains on Friday with a minor increase for its benchmark that extended its weekly gains somewhat, although the first few hours of the session had promised significantly higher price growth. This follows the positive momentum observed across most other European markets and is expected to prevail for the week to come, too.
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ATHEX: Rebound sees another new 13-year high
Greek stocks recovered after Wednesday's respite, with the benchmark rising to yet another 13-year high on Thursday, thanks mostly to the growth recorded by a few blue chips and by mid-caps.
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ATHEX: The party continues at the stock market
The sixth consecutive session of gains at the Greek stock market brought the benchmark not only to another 13-year high, but also above the 1,400-point mark, on significantly increased daily turnover too. All this was before the entry of the 300 million shares of Athens International Airport, which is scheduled for Wednesday.
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ATHEX: Investors focusing on stock picking
For the third day in a row the benchmark of the Greek stock market closed with losses that affected half the board's stocks. However, on Thursday the turnover was significantly increased compared to previous days. Banks led the decline, with the exception of National Bank, while corporate results continued to dictate the moves of investors.
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CCHBC posts 15.3% rise in organic revenue in Q3
Coca-Cola HBC AG on Tuesday reported a 15.3% increase in organic revenue in the third quarter of 2023, with organic revenue growth of 17% in the year.
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ATHEX: Another dive for bourse benchmark
The impact of inflation and rising interest rates on first-half corporate results of listed companies continues to put pressure on stock prices at Athinon Avenue, as the benchmark of the Greek bourse suffered fresh losses on Wednesday.
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Production costs drop for CCHBC
A decline in production costs, including for energy, and rises in the prices of its products, helped bottler Coca-Cola HBC boost its net sales revenue and profitability in the first half of 2023.
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ATHEX: Index fails to surmount 1,350-pt mark
The vast majority of Greek stocks ended Thursday's trading session with gains, but some non-bank blue chips held the benchmark back from hitting a new nine-year high and the 1,350-point level, which remains elusive for now. The positive messages from the US Fed and the European Central Bank create a favorable climate for further price growth in the coming days, analysts note.
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