Economy of Greece
Rising stocks outnumbered those heading south on the local bourse on Thursday while the benchmark ended up virtually unchanged as early losses were offset by gains, mostly secured by outperforming mid-caps, as well as the OPAP gaming company, which is expected to profit on the World Cup that just started in Brazil.
Declines on most European markets and Tuesdays International Monetary Fund report demanding measures to plug Greeces fiscal gap for 2015-16 resulted in significant losses for most stocks during most of Wednesdays bourse session, although certain blue chips reacted in the last hour of trading and contained the benchmark drop to 1.18 percent.
The local bourses sixth consecutive day of gains, made on the strength of the balanced election results and a return to normality, took the benchmark above the 1,200-point level on Tuesday, with improved first-quarter results also playing a role. The Greek market had not seen six straight days of growth in over three months.