Ellaktor
Market gains as buyers like blue chips
The Athens Stock Exchange bucked the negative trend observed on European markets Thursday, gaining 0.65% thanks to buying in banks and other blue chips.
The headline index ended at 1,314.31 points on turnover of 87.8 million euros, which was significantly lower than in previous sessions. Blue chips rose 0.69%, mid-caps added 0.44% and banks gained 1.20%.
- Read more about Market gains as buyers like blue chips
- Log in to post comments
Stock market loses grip on early gains
The Athens Stock Exchange proved unable to hang on to early gains recorded on Tuesday. The ASE general index, which got close to its highest levels since 2014, ended down 0.84%, closing at 1,324.28 points.
Negative trends in other European stockmarkets finally were felt in Athens.
Blue chips lost 0.91% and mid-caps dropped 1.35%. Banks lost 0.78%.
- Read more about Stock market loses grip on early gains
- Log in to post comments
ATHEX: Bourse hits level unseen since 2014
The Athens bourse reverted to its rising course with renewed strength on Tuesday, as the benchmark of the market climbed to highs unseen since early April 2014 thanks to the positioning of several investors in local companies ahead of Greece's much-anticipated credit rating upgrade. Still, the main index stopped short of the 1,350-point mark, closing three points off the mid-session high.
- Read more about ATHEX: Bourse hits level unseen since 2014
- Log in to post comments
ATHEX: Blue chips drive stock index higher
Even without the support of bank stocks, the Athens bourse benchmark soared to yet another nine-year high on Wednesday, in line with the positive mood across eurozone markets. Four out of the 21 non-banking blue chips closed at historic highs, also helped by the Scope Ratings report about the growing prospect of Greece regaining investment grade.
- Read more about ATHEX: Blue chips drive stock index higher
- Log in to post comments
ATHEX: Benchmark closes at 9-year high
The market's growing optimism about political stability in Greece after the elections and the favorable views on Greek banks by foreign firms contributed to a significant rebound of local stocks on Tuesday that sent the Athens benchmark to levels unseen in nearly nine years. The price rise also came with an increase in turnover, which approached 100 million euros.
- Read more about ATHEX: Benchmark closes at 9-year high
- Log in to post comments
Publisher Giorgos Bobolas, 95, dies
A prominent businessman and former publisher, Giorgos Bobolas has died at the age of 95, it was announced on Tuesday.
- Read more about Publisher Giorgos Bobolas, 95, dies
- Log in to post comments
Ellaktor profits jump in 2022
ATHEX-listed Ellaktor Group said on Thursday its 2022 turnover totaled 1.04 billion euros, up 14% from the previous year, and its EBITDA jumped 45% to €239 million.
Pre-tax profit was €68 million in 2022, after a loss of €29 million in 2021, while after-tax profits totaled €519 million, boosted by the sale of a 75% equity stake in the renewable energy sources sector.
- Read more about Ellaktor profits jump in 2022
- Log in to post comments
Intrakat completes takeover of Aktor
Intrakat has announced the completion of its acquisition of Aktor SA (a member of the Ellaktor Group) for 100 million euros in cash, while another €114 million regarding Aktor's debt obligations to the Ellaktor Group will be paid gradually under Intrakat's guarantee within 19 months.
- Read more about Intrakat completes takeover of Aktor
- Log in to post comments
Intrakat close to buying Aktor
The final touches are being added by the heads of the Ellaktor and Intrakat groups to the acquisition agreement of Aktor by the latter.
- Read more about Intrakat close to buying Aktor
- Log in to post comments
New suitor emerges for Aktor
New talks are taking place concerning the sale of Aktor, the Ellaktor Group's construction arm, following the failure of discussions with previous suitors, which may well lead to the creation of a major player in the domestic market.
- Read more about New suitor emerges for Aktor
- Log in to post comments