FTSE/Athex Large Cap

The Greek stock market was no exception to the rule in most eurozone bourses on Monday, where investor skittishness resulted in moderate losses and low trading volumes. Local traders may also be waiting for today to position themselves in the new seven-year Greek bond.

Despite a decline among banks, the vast majority of stocks ended up on the winning side on Thursday, with the benchmark advancing for a second day in a row, albeit marginally this time.

The Greek stock market demonstrated a clear lack of direction during Tuesday's session, with banks and the majority of smaller stocks heading lower while the other blue chips offset earlier losses and kept the benchmark afloat.

Despite the selling trend observed at the Greek bourse early on Wednesday and the distribution of dividends by a number of blue chip companies, stocks recovered in the latter half of the trading session, with the majority recording gains and turnover heading higher.

After a mixed session on Friday the benchmark at Athinon Avenue closed with weekly losses of just over 1 percent, seen more as a reaction to the massive growth of previous weeks than a result of the 5.46 percent weekly drop of the banks index and the problems plaguing power giant PPC.

The statements by European Central Bank Governor Mario Draghi gave Greek stocks a fresh boost on Tuesday, taking the benchmark to yet another 13-month high after the bank holiday - and on improved trading volume too.

Coca-Cola HBC and National Bank suffered significant losses in Monday's bourse session at Athinon Avenue, which saw its benchmark begin the election week with a drop that is incongruous with the wait-and-see attitude usually adopted by investors during such periods.

Most of the early growth in prices evaporated over the course of Friday's bourse session at Athinon Avenue. The benchmark managed to hold on to some gains before the closing bell, although stocks were split between winners and losers at the end of a week of net losses for the market.

MSCI has upgraded two systemic lenders, Eurobank and National Bank, to the main index for Greece, from which they had been demoted last November after the decline in their capitalization in 2018.

Traders continued to sell Greek stocks on Thursday as conflicting statements from officials on the local economy and an adverse international environment kept up the pressure on local stock prices. Even so, both the indexes and the prices managed to rise above the day's low by closing time.