Economy of Greece

Stocks inch up in slow trade

The local stock market saw little reason to buy into Friday’s news of the country’s official return to growth, with the weak momentum abating but taking the benchmark just over 890 points while trading volume ended at the lowest level of the last seven sessions.

Greek stocks pull out of nose dive

After racking accumulated losses of 9.35 percent in the previous four sessions, Greeks stocks finally reversed course on Thursday.

Athens Exchange (ATHEX) general index ended at 883.54 points, adding 1.29 percent to Wednesday’s 872.31 points. The large-cap FTSE/ATHEX 25 index rose 1.12 percent to 285.35 points.

Yield on Greek 10-year bonds falls to 8.04 pct

Greek bonds rose on Wednesday, with the 10-year yield falling 13 basis points to 8.04 percent, a day after Deputy Prime Minister Evangelos Venizelos (photo) said that Greece aims to complete a review of its finances with its troika of creditors by December 8.

Trading of Greek government debt through the electronic secondary securities market, or HDAT, was 23 million euros on Tuesday.

Banks drag bourse index lower

The Greek bourse’s banks index hit a 19-month low on Wednesday,sliding 5.06 percent and weighing on the market in yet another session of losses. Market sources explained the fresh decline by pointing to the Capital Market Commission’s probe into naked short selling concerning bank shares last spring.

Stocks slide anew as bears get settled

The trading week in Greece got off to another southbound start, with the benchmark sliding by as much as 2.5 percent midsession before climbing again and containing losses to just over 1 percent. It appears that the bears are getting settled at Athinon Avenue and won’t be moving until the political landscape clears.

Mycenean artifacts found in Bodrum

New artifacts have been found during excavations in Bodrum’s Ortakent and Gümüşlük neighborhoods. The artifacts will shed light on the history of Bodrum Peninsula, according to officials.

The Bodrum Underwater Archaeology Museum Director Emel Özkan said that they had discovered 49 artifacts from the Mycenean era.