FTSE

ATHEX: Traders take positive view

Despite the fog hanging over the negotiations between the government and the country's creditors, investors threw caution to the wind on Wednesday and drove the Greek bourse benchmark closer to the 640-point mark. The robust performance of bank stocks pointed to traders betting on a positive outcome both for the Greek bailout review and Italy's banking crisis.

ATHEX: Stocks decline after Friday's sudden jump

After Friday's unexpected gains, Greek stocks conceded some ground on Monday, with banks giving up the most. However, losses were contained significantly during the closing auctions, with Coca-Cola HBC, the market's biggest company by capitalization, posting a remarkable recovery in the last 15 minutes of trading.

ATHEX: Stocks slide on ESM news

The decision by the European Stability Mechanism (ESM) to freeze short-term measures to ease Greece's debt also froze buying interest in the local market, leading to losses for the majority of stocks on Wednesday, which may well continue into Thursday's session.

ATHEX: Mixed results for stocks but turnover picks up again

The perceived clash between the government and the International Monetary Fund and the distancing of the European Commission from the IMF's positions rattled nerves at the local stock market on Tuesday, although the resumption of talks with the creditors' representatives was a positive sign.

ATHEX: Bourse benchmark gains over 10 pct in May

The notable growth recorded during Tuesday's trading session, which saw the benchmark climb above the 650-point mark for a few hours, was reversed by a late selling spree in banks, although the main index still ended the session with gains. Trading volume was particularly high, mainly thanks to the MSCI index rebalancing.

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