FTSE

ATHEX: Small losses at the end of a declining week

The Greek bourse was in a holiday mood on Friday, with trading action being particularly reduced and stocks having a mixed picture at the end of the session.

The Athens Exchange (ATHEX) general index closed at 630.28 points, shedding 0.25 percent from Thursday's 631.85 points. On a weekly basis it declined 1.46 percent.

ATHEX: Mild losses in profit-taking

Some investors cashed in Wednesday's gains on Thursday, but the benchmark remained above the 630-point mark.

The Athens Exchange (ATHEX) general index closed at 631.85 points, shedding 1.12 percent from Wednesday's 638.99 points. The large-cap FTSE 25 index contracted 0.99 percent to close at 1,695.79 points, while banks fell 3.85 percent and small-caps slumped 9.94 percent.

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.

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