FTSE/Athex Large Cap
ATHEX: Bourse posts 6.88% leap in November
November proved to be a very profitable month for the Greek stock market, and not only for bank stocks, whose index soared 12.44%, but also for the benchmark, which has grabbed 6.88% from October 31. The month ended with a high-trade day due to index rebalancing and gains for most stocks, which took the main index to a new 12-week high on Thursday.
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ATHEX: Index at high unseen since September 6
The main index of the Greek stock market rose to highs unseen since September 6 on Wednesday, on the combination of the end-of-year window dressing for many investors and the prospect of a possible credit rating upgrade for Greece by Fitch on Friday. The benchmark spent the entire day in the black and the daily turnover managed to clear the 100-million-euro bar for another session.
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ATHEX: Banks grow, most other stocks drop
The Greek stock market benchmark came off a 12-week high on Tuesday to post minimal losses, in what was a mixed session that saw banks return to price growth and the majority of stocks heading lower, while turnover remained at Monday's high levels.
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ATHEX: New 12-week high for the benchmark
The decline of the stock of National Bank of Greece did not suffice to prevent the benchmark from climbing to a new 12-week high on Monday. The daily turnover reverted to high levels at the start of the week that might bring Greece once again to climbing the steps to investment grade as Fitch Ratings will issue its verdict on Friday.
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ATHEX: Banks take stock index even higher
The fourth straight day of gains for the benchmark at the Greek stock market saw banks and certain blue chips leading the way, as opposed to the blue chip index, which posted a minor loss. Most of the action focused on the credit sector, which is seeing plenty of activity in stake sales these days, attracting the strong interest of foreign traders.
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ATHEX: Stocks edge even higher amid caution
Athinon Avenue recorded a third successive day of gains on Wednesday, on the back of Tuesday's major rise, though this time traders appeared to be more interested in carefully taking positions than spreading their buying across the board. This was also reflected in the day's turnover, which was reduced compared to the two previous days.
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ATHEX: Banks bring fresh growth to the bourse
Stocks soared on Tuesday at Athinon Avenue, with traders shifting most of their attention to banks, which saw their index jump by almost 6% driven by the huge interest in the public offering of National Bank.
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ATHEX: Lenders steal show at the Greek bourse
The stocks of Greek banks sent turnover at the local bourse soaring on Monday, as they accounted for about 90% of the nearly 400 million euros traded at Athinon Avenue on the day, helped by the divestment of the Hellenic Financial Stability Fund from Alpha and National. Prices varied, with winners edging out the losers by the smallest of margins.
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ATHEX: Investors focusing on stock picking
For the third day in a row the benchmark of the Greek stock market closed with losses that affected half the board's stocks. However, on Thursday the turnover was significantly increased compared to previous days. Banks led the decline, with the exception of National Bank, while corporate results continued to dictate the moves of investors.
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ATHEX: Another day with stocks in dead heat
Wednesday's session at the Greek stock market was a mirror image of the day before, as the main index again posted small losses, while mid-caps outperformed and winning stocks were level with those that declined for a second day in a row.
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