Economy of Greece

ATHEX: OTE, banks weigh on benchmark

The decline of OTE telecom and profit taking in bank stocks saw the benchmark of the Greek bourse ease somewhat on Wednesday from Tuesday's nine-month highs, although the majority of stocks remained in the black for one more session. Reports on election handouts by the government did not help blue chips or bond prices, which also slipped from recent highs.

ATHEX: Index jumps to highest point since last June

Unfazed by the decline in bank stocks, the benchmark of the Greek bourse not only held its ground on Tuesday but also climbed to a fresh nine-month high - a level not seen since June 25, 2018. The day started with losses across the board, but most stocks switched from losses to gains as the session went on.

Bond yields hold near record low

Greek bond yields held close to their lowest in nearly 14 years on Tuesday after falling for 13 straight trading sessions.
Greece's benchmark 10-year government bond yield slipped three basis points to 3.27 percent, its lowest since September 2005 and approaching the record low of 3.203 percent.

ATHEX: Traders buy into expected result of the next election

Bloomberg reported on Monday that Greek securities have good momentum as traders buy into the prospect of a forthcoming election that will bring in a pro-business government, and the benchmark at the local bourse duly rose to a new nine-month high on a uniform advance by most blue chips.

Skiathos volunteers clean island beaches ahead of summer season

The Sporadic island of Skiathos has prepared itself ahead of upcoming tourist season with a voluntary beach cleaning drive that involved more than 550 school pupils and 75 adult volunteers.
The drive was organized by the cultural association "Skiathos" earlier this month with the aim being to clean all of the islands 72 beaches, including the signature Koukounaries beach.

ATHEX: Fresh 8-month high for bourse benchmark

The Greek bourse continues to go from strength to strength, with its benchmark recording another eight-month high on Friday, boosted by the performance of bank stocks as well as the continued drop of the yield on Greek state bond ahead of a possible new issue. The Eurogroup decision mattered little for traders, as they had already factored it in earlier in the week.