Economy of Greece

Bumpy ride, but stocks end higher

It was a rollercoaster ride of a session at the Greek bourse on Thursday. Despite the additional concern in the market generated by the result of the first vote for a new president late on Wednesday, the local benchmark managed to recovered from afternoon losses of more than 3 percent to close with gains of almost 1.5 percent, along the lines of other European bourses.

Stocks drop as BoC makes far from stellar return to trade

A late selling spree on the Greek bourse day had turned profits into losses by closing time, as traders remained nervous ahead of Wednesday’s first vote for the new president in Parliament. Early signs that the tide could be turning in favor of the government’s presidential candidate Stavros Dimas are still too small to create a winning momentum and appease the markets.

Small recovery for stocks after recent sell-off

A slight improvement in the coalition government’s poll ratings and in its chances to gather the votes needed for a president to be elected later this month following positive statements by a number of independent deputies, has started to shift the mood on the local market after last week’s sell-off, leading to a small recovery on Monday.

Slide accelerates again for Greek stocks and bonds

 Bourse benchmark has lost 20 percent in the last three days

Greek securities sank afresh on Thursday as panic selling in stocks and bonds led the bourse benchmark’s total losses over the last three sessions to 20 percent, with 13 billion euros wiped off the value of Greek shares, while 10-year sovereign bond yields soared over 9 percent.

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