FTSE/Athex Large Cap

The Greek stock market appears determined to stretch its November momentum through to the end of the month, as it enjoyed significant gains on Thursday that took its benchmark to a new eight-month high.

The Athens Exchange (ATHEX) general index ended at 726.92 points, adding 3.08% to Wednesday's 705.21 points. The large-cap FTSE 25 index expanded 3.34% to close at 1,725.52 points.

Bank stocks and the rest of the Greek stock market appeared to be in two parallel universes on Wednesday, as the former suffered losses after days of growth, while the vast majority of listed companies enjoyed gains for another day, taking the benchmark higher.

The small gains secured on Monday by the ATHEX benchmark sufficed for it to clear the 700-point bar for the second time within the space of just a few days, in a session dominated by announcements about the Aegean Air share capital increase and the JP Morgan report that contained previous estimates of a stock price rise.

Thursday's session on the Athens Stock Exchange was even more subdued than recent days, if that is possible.

In the end, the general index, which had been showing mild losses throughout, tipped over into positive territory, closing at 637.27 points, a gain of 0.36%. Late gains in OTE Telecom were the main reason.

Turnover was €23.61 million on volume of 16,373,894 shares.

he Athens Stock Exchange finally aligned itself with the positive turn on the European markets Tuesday, as it rebounded from Monday's significant losses to close 1.47% higher.

This rebound was achieved on very low turnover, which dropped below €30 million, a clear indication of investors' reluctance to see an upside.

After a session of ups and downs, buyers retained the upper hand in the closing auctions at the Greek stock market on Friday and pushed the benchmark into the black after three consecutive days of losses.

The Athens Exchange (ATHEX) general index ended at 646.80 points, adding 0.29% to Thursday's 644.90 points. On a weekly basis it declined 5.36%.

Bank stocks continued their advance on Tuesday, while investor attention was focused on the benchmark bond issue, but non-banking stocks dragged the main index lower at the start of this four-day trading week at Athinon Avenue.

Bank stocks were back in the driving seat at Athinon Avenue on Wednesday, taking the Greek bourse benchmark to a new three-month high - i.e. its highest since the coronavirus epidemic began in Greece. The 700-point milestone seems to be growing closer, while investors appear to have plenty of disposable cash.

The various channels of liquidity that central banks the world over are offering to markets have boosted prices on the majority of international bourses. Athinon Avenue happily rode the buyers' wave on Tuesday, with interest focusing almost exclusively on blue chips.

The benchmark of the Greek stock market now has the 700-point level in its sights after its sixth day of gains in seven sessions. Construction blue chips led the way this time.

The Athens Exchange (ATHEX) general index ended at 658.35 points, adding 0.88% to Friday's 652.58 points. The large-cap FTSE 25 index expanded 0.52% to 1,579.70 points, while mid-caps contracted 0.25%.