Eurobank Ergasias

Athinon Avenue ended its fourth consecutive week of gains on Friday with a minor increase for its benchmark that extended its weekly gains somewhat, although the first few hours of the session had promised significantly higher price growth. This follows the positive momentum observed across most other European markets and is expected to prevail for the week to come, too.

The Greek bourse had a mixed session on Thursday, with stocks almost split between gainers and losers, the benchmark posting a minor loss despite spending the first few hours in the black, and mid-caps showing growth. Coca-Cola HBC stood out for a second day in a row, following its impressive 2023 results.

The better-than-expected annual results of Coca-Cola HBC and the strong figures of Piraeus Bank gave strong momentum to Greek stocks on Wednesday, which combined with the positive mood across Europe led the ATHEX benchmark to a new 13-year high.

The US inflation data shook European markets, including Greece's, which suffered losses in its indexes and the majority of stocks on Tuesday. This was the third straight session of losses for the benchmark, after it hit a 13-year high last week. Turnover was boosted by the inclusion of Athens International Airport in the FTSE indexes.

A rather subdued session at the Greek stock market on Monday saw most stocks yield ground for a second day in a row on the lowest daily trading of the last 11 sessions. Early gains gave way to some profit-taking by traders who believe the market has been overbought over the last few weeks, when the benchmark had climbed to its highest point since 2011.

The benchmark of the Greek stock market came off Thursday's 13-year-high to record moderate losses on Friday at the end of another week of price growth, the third in succession. The continued rise of foreign bourses, including Wall Street, has helped. As of Monday the main index at Athinon Avenue will incorporate Athens International Airport.

Greek stocks recovered after Wednesday's respite, with the benchmark rising to yet another 13-year high on Thursday, thanks mostly to the growth recorded by a few blue chips and by mid-caps.

After six sessions of gains in a row for the benchmark, which took it to a 13-year high, the Greek stock market endured moderate losses on Wednesday, in spite of the spectacular entry of Athens International Airport.

The Athens International Airport shares made a spectacular debut on the Athens Stock Exchange on Wednesday, with its price rising by 14.02% in midday transactions amidst heavy trading, exceeding 50 million euros.

The sixth consecutive session of gains at the Greek stock market brought the benchmark not only to another 13-year high, but also above the 1,400-point mark, on significantly increased daily turnover too. All this was before the entry of the 300 million shares of Athens International Airport, which is scheduled for Wednesday.