FTSE

ATHEX: Bank stocks sink on jitters

Investors in the local bourse were clearly nervous on Tuesday - largely due to the increase in Greek lenders' dependence on the Bank of Greece's emergency liquidity mechanism, as well as Single Supervisory Mechanism head Daniele Nouy's visit to Athens - and this resulted in significant losses for the vast majority of stocks at Athinon Avenue, with banks leading the way.

ATHEX: Bank stocks propel index over 650 pts in thin trading

It may sound paradoxical, but it took a particularly quiet session at the Greek stock market for the benchmark to top 650 points on Monday, after days of trying. Trading volume was the second lowest so far this year, with some observers attributing it to the planned bond offer by OPAP that may shift some investors' attention away from the bourse.

ATHEX: Stocks finish week lower

Apart from the general air of uncertainty, little could be drawn from Friday's session at the Greek bourse as the benchmark barely budged and turnover dropped back below 30 million euros. The distance that remains between Athens and the country's creditors on a number of issues does not bode well for next week either.

ATHEX: Benchmark turnaround pared back

The benchmark of the Greek bourse halted its four-session losing streak and rose by almost 1 percent on Wednesday. Its gains were curtailed in the closing auctions when many traders chose to cash in the day's gains, likely recalling how short-lived the recent bursts of optimism regarding the course of the bailout review have proved.

ATHEX: Stocks remain on declining course for a third session

The downward revision of the economy's fourth-quarter results by statistics agency ELSTAT increased uncertainty at the local bourse on Monday, leading to the third consecutive session of losses for its benchmark, albeit not to the extent one might have expected considering the problems in the bailout review and the warning from Moody's.

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