FTSE

ATHEX: Late stock rally takes the edge off early losses

The outflow of investors from OPAP, sparked by the Sazka Group's acquisition of a bigger stake in the Greek gaming company through a public offering, dragged most stocks at Athinon Avenue lower on Tuesday, before a late rally mitigated the benchmark's losses. Daily turnover was the highest in 23 sessions.

ATHEX: Stock index slips at start of trading week

The Greek stock market appeared unaffected on Monday by the growth momentum observed by its international peers, and recorded a small decline on fairly low turnover. The likely reason was the decision by DBRS Morningstar last Friday not to upgrade Greece's rating, opting instead to upgrade only the country's outlook to "positive."

ATHEX: Stocks head higher for another week

The benchmark index of the Greek stock market posted a weekly advance at the end of Friday's session, buoyed by Standard & Poor's credit rating upgrade for Greece and hopes that DBRS will follow suit. That enthusiasm appeared to run out of steam on Friday though, as trade slumped and the main index ended marginally lower on the day.

ATHEX: Bourse index up 44 percent since January

October was another month of growth for the main index of the Greek bourse, leading to gains of 1.63 percent. Almost half of that growth came through Thursday's advance, which was once again led by bank stocks. Meager though the monthly growth may seem, it has taken the benchmark's gains since the start of the year to almost 44 percent.

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