Eurobank
ATHEX: Late rally by banks boosts benchmark
The banking sector shook off foreign and domestic concerns - related to the decline of US lender First Republic and the promise by main opposition leader Alexis Tsipras to nationalize National Bank of Greece if he comes to power - and swung to gains at the end of Wednesday's bourse session, leaving the benchmark with moderate gains.
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ATHEX: Stock market posts fourth day of growth
Energy and bank stocks led the Greek stock market to its fourth consecutive session of price growth on Monday, albeit on a relatively low turnover. The decision by OPEC+ to reduce oil output pushed global rates higher and favored oil company stocks, including those listed in ATHEX.
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‘Greek banks are safer’
Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented.
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Good time for deposits in banks
This is a good period for decisions on savings, as the yields time deposits offer today range between 1%-2%, depending on the duration and amount. They have incorporated the rise in interest rates and therefore no more aggressive moves are expected in the near future.
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Biggest foreign investor is ‘bullish’ on prospects
The Greek economy is "in an especially good position," local banks are "extremely well capitalized" and the country's debt will be upgraded to investment grade a few months after the elections.
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ATHEX: Systemic risk sends bank stocks tumbling
International concerns over the credit system will no go away easily, and the reacted with fear over the course of Deutsche Bank on Friday inflicting losses on almost all bank stocks in the eurozone. The Greek bourse was no exception, with the banks index suffering a major drop and the benchmark losing almost 3% in one day.
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ATHEX: Bank stocks recover from US shock
The Greek banking sector reacted to the huge external pressure from the closure of two lenders in the United States, as its index on the Athens Stock Exchange rebounded from a decline of almost 5% on Monday to end the session with gains of approximately 1% - even if the rest of the market failed to follow suit.
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ATHEX: Blue chips lift index off day’s lows
The Greek stock market came off the day's lows on Tuesday to contain its losses as a number of blue chips reacted after Monday's plunge to avoid a further decline that could have even put the 1,000-point level at risk for the market's benchmark.
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ATHEX: Third time lucky, as index clears 1,000 points
The Greek bourse benchmark's third effort to clear the 1,000-point bar proved successful at Thursday's closing, as the local market has finally captured the milestone that had proved elusive for more than eight years. The last time Athinon Avenue's main index had four digits was in December 2014 - i.e.
ATHEX: Steep drop of index from 8-year highs
The main index at Athinon Avenue came off its eight-year peak on Thursday with a significant drop that bore the marks of profit-taking, but with a significant trading volume that showed interest remains considerable in the local bourse. This was only the second session of decline for the benchmark of the local stock market since the start of the year.
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