FTSE

ATHEX: Another day, another drop for bank stocks

Losses sustained by Greek banking stocks banished early signs that the local market could head higher on Wednesday, with the benchmark losing all of its morning gains to end up in the red again.

The Athens Exchange (ATHEX) general index ended at 690.27 points, shedding 0.26 percent from Tuesday's 692.04 points. The large-cap FTSE-25 index contracted 0.20 percent to 1,811.98 points.

ATHEX: Stocks recover after week and a half of losses

The improvement in the mood on global markets along with the rise in the prices of Italian and Greek bonds and Prime Minister Alexis Tsipras's rather measured financial pledges at the Thessaloniki International Fair over the weekend - which appeased traders - led to a significant rebound of Greek stocks on Monday after a week and a half of constant decline for the benchmark.

ATHEX suffers worst week in two years

The Athens stock market ended its worst week in the last two-and-a-half years with a mixed session, as the banks index halted its slide but the benchmark posted additional losses, albeit minimal. Although gains registered during the course of the day created the impression that the main index might end the week with a rise, it was not to be as sellers got the upper hand again in the end.

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