Eurobank Ergasias
ATHEX: Local index slumps below 1,400-pt mark
The index rebalancing, the constant rally of stocks in recent weeks, the decline of Piraeus Bank (the protagonist of the past week) and the reservations investors showed in foreign markets contributed to a day of major losses at the Greek stock market on Monday, which brought the benchmark below the 1,400-point mark on unusually high turnover.
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State is one step before its full divestment from banks
The Hellenic Financial Stability Fund (HFSF) is one step before the complete divestment from Greece's four systemic banks, after the successful sale of all the shares it owned in Piraeus Bank.
Net profits of €1.14 bln for Eurobank in 2023
Eurobank has announced overall net profits of €1.14 billion for 2023, compared to €1.347 billion in 2022.
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ATHEX: Seventh week of gains on local bourse
The seventh consecutive week of gains for the benchmark of the Greek stock market closed on Friday with a mixed session that saw rising stocks edge out losers by the narrowest of margins. The corporate results published in the current period also played a part, sending each stock concerned in different directions.
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ATHEX: Dead heat for stocks in bourse
Stocks were evenly split between winners and losers at Wednesday's session in the Greek bourse, though the benchmark recovered half of the ground it had lost on Tuesday, all in the context of the completion of Piraeus Bank's share placement. This has absorbed a significant portion of the market's liquidity, not only this week but also in the previous couple of weeks.
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ATHEX: Trading day for all kinds of tastes
Tuesday offered traders at Athinon Avenue an extensive menu for all appetites, ranging from the drop in bank prices, led by Piraeus after the soaring of the stock on Monday, to the rise of most stocks and the mid-cap index. The benchmark came off Monday's 13-year record high to post some losses, while turnover remained at high levels.
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ATHEX: New 13-year highs for the bourse index
The placement of the state's stake in Piraeus Bank deservedly monopolized interest at Athinon Avenue on Monday, and the huge interest generated boosted the benchmark and most other stocks in the market that climbed to new 13-year highs.
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SSM reviews bank dividends
Greek banks eye dividends on a par with the European average in the coming years, pointing to the high profitability fueled by higher interest rates and clearing their balance sheets of bad loans.
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ATHEX: Benchmark climbs for sixth week
In anticipation of the Piraeus Bank placement next week, the Greek stock market had a rather quiet day on Friday, at the closing of another week of gains for the main index at Athinon Avenue, the sixth in a row. The blue chip index and that of banks headed lower on the day, while the majority of stocks and the mid-cap index ended up with gains.
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H Hotels acquires Titania in central Athens
The historic Titania Hotel, near Omonia Square in central Athens, has just changed hands: H Hotels, of the Hatzilazarou family, has spent 74 million euros on acquiring the famous unit from London and Regional in the Greek group's first acquisition outside the island of Rhodes.
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