FTSE/Athex Large Cap
ATHEX: Moderate decline for most stocks
The Greek stock market appeared to have run out of steam, with mixed results and little buying interest of note for many stocks for a second day on Thursday. Despite the rise of the banks index and mid-caps, the benchmark could not avoid posting minor losses on Thursday, though it is clear there is no intention for a move toward lower price levels.
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ATHEX: Stocks ease but drop is moderated
Stocks took a dive at Athinon Avenue on Wednesday, though they had largely recovered by the close of trade.
Buyers appeared to skip most of that session, with interest focusing on the upcoming placement of the 27% stake the state still controls in Piraeus Bank, expected in the first week of March.
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ATHEX: Minor gains extend rally of benchmark
The Greek stock market managed on Tuesday to maintain the gains its had secured on Monday and added some more for its benchmark, which climbed to yet another 13-year record high, even though the mid-cap index and the majority of stocks headed south. The local bourse continues to show resilience and is expected to continue down the same path for the next few weeks at least.
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ATHEX: Benchmark reaches new 13-year peak
The Greek bourse may have seen a decline in daily turnover on Monday, owing to the US holiday that kept the New York stock market closed, but most stocks posted significant gains, leading the benchmark to a new 13-year high. Growth was evenly spread across the market, confirming that investors, especially from abroad, are seeking out opportunities in the lower capitalizations too.
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ATHEX: Benchmark expands for fourth week
Athinon Avenue ended its fourth consecutive week of gains on Friday with a minor increase for its benchmark that extended its weekly gains somewhat, although the first few hours of the session had promised significantly higher price growth. This follows the positive momentum observed across most other European markets and is expected to prevail for the week to come, too.
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ATHEX: Mixed day sees stock index slip
The Greek bourse had a mixed session on Thursday, with stocks almost split between gainers and losers, the benchmark posting a minor loss despite spending the first few hours in the black, and mid-caps showing growth. Coca-Cola HBC stood out for a second day in a row, following its impressive 2023 results.
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ATHEX: New 13-year high for the benchmark
The better-than-expected annual results of Coca-Cola HBC and the strong figures of Piraeus Bank gave strong momentum to Greek stocks on Wednesday, which combined with the positive mood across Europe led the ATHEX benchmark to a new 13-year high.
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ATHEX: Imported pressure on stocks
The US inflation data shook European markets, including Greece's, which suffered losses in its indexes and the majority of stocks on Tuesday. This was the third straight session of losses for the benchmark, after it hit a 13-year high last week. Turnover was boosted by the inclusion of Athens International Airport in the FTSE indexes.
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ATHEX: Stock market drops a gear on Monday
A rather subdued session at the Greek stock market on Monday saw most stocks yield ground for a second day in a row on the lowest daily trading of the last 11 sessions. Early gains gave way to some profit-taking by traders who believe the market has been overbought over the last few weeks, when the benchmark had climbed to its highest point since 2011.
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ATHEX: Third week of growth for bourse
The benchmark of the Greek stock market came off Thursday's 13-year-high to record moderate losses on Friday at the end of another week of price growth, the third in succession. The continued rise of foreign bourses, including Wall Street, has helped. As of Monday the main index at Athinon Avenue will incorporate Athens International Airport.
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