Folli Follie

ATHEX: Low expectations produce mixed results for Greek stocks

Stocks on the Athens bourse had a rather quiet start to the week on Tuesday, the same day that talks resumed on the second bailout review, with expectations remaining low for now. Trading volume only increased somewhat during the closing auctions.

The Athens Exchange (ATHEX) general index closed at 645.88 points, adding 0.08 percent to Friday's 645.37 points.

ATHEX: Stocks edge lower on very thin turnover

After the excitement witnessed at the Greek bourse on Friday, Monday's trade in Athens returned to a level better suited to mid-August than the end of September, as early gains evaporated and the benchmark ended close to the day's low, while trading volume dropped back below 30 million euros. The association of bourse investors is even considering calling for a reduction in trading hours.

Investors and Moody’s wait before acting

Investors’ wait-and-see stance regarding Greek stocks left the benchmark virtually unchanged on Monday, with the smattering of gains recorded during the day evaporating by the end of the session. Moody’s decision to postpone its revision of Greece’s credit rating contributed to the reduced trade at the start of the month, with turnover dropping to very low levels.

Pages