FTSE

ATHEX: Third day of stock losses

The Fed's {decision on Wednesday to hold the key US interest rates unchanged inflicted losses on most European stock markets on Thursday; the Greek bourse followed suit, with its benchmark heading south for the third day in a row, on the lowest daily turnover in 11 sessions.

ATHEX: Bourse ends week with 4.7% advance

The rally of bank stocks at Athinon Avenue on Friday added to the week's gains for the benchmark of the market, while mid-caps had a day of moderate gains given that foreign investors appear to be largely ignoring them.

The Athens Exchange (ATHEX) general index ended at 683.46 points, adding 2.04% to Thursday's 669.79 points. On a weekly basis it advanced 4.73%.

ATHEX: Soft landing for bourse

Traders had appeared set to cash in recent stock gains at Athinon Avenue on Thursday, but the European Central Bank's announcement that assistance for eurozone member-states would be boosted contained the drop in prices, while the mid-cap index went up.

ATHEX: Bourse index climbs to new 3-month high

Bank stocks were back in the driving seat at Athinon Avenue on Wednesday, taking the Greek bourse benchmark to a new three-month high - i.e. its highest since the coronavirus epidemic began in Greece. The 700-point milestone seems to be growing closer, while investors appear to have plenty of disposable cash.

ATHEX: Construction stocks lead bourse rise

The benchmark of the Greek stock market now has the 700-point level in its sights after its sixth day of gains in seven sessions. Construction blue chips led the way this time.

The Athens Exchange (ATHEX) general index ended at 658.35 points, adding 0.88% to Friday's 652.58 points. The large-cap FTSE 25 index expanded 0.52% to 1,579.70 points, while mid-caps contracted 0.25%.

ATHEX: Rebalancing leads to jump in turnover

The upcoming rebalancing of the MSCI Greek stock indexes and profit taking after five consecutive days of gains led to losses at Athinon Avenue on Friday, with a huge daily turnover. Notably 70% of trading volume took placing during the closing auctions. The benchmark of the Athens stock market ended May with a monthly advance of 3.87%, though banks lost 2.94%.

ATHEX: Fifth straight day of gains for benchmark

Early profit-taking at Athinon Avenue gave way to a fresh wave of buying later on Thursday - although banks appeared to have fallen out of favor - taking the benchmark higher for the fifth session in a row. The market is now confidently looking toward more growth, boosted also by the significant increase in daily trading volumes.

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