GEK Terna
ATHEX: Fourth week of growth for bourse
Stock prices staged a comeback on Friday to see the benchmark end the week with gains for the fourth consecutive week - a sequence unseen in over four months. The bank sector this time bucked the trend and finished the day with losses, ahead of the announcement of the four systemic lenders' first-half results from next Wednesday.
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Whopping dividend for Attiki Odos stakeholders
The shareholders of Attiki Odos (Ellaktor 65.7% and Avax 34.2%) collected dividends totaling 516 million euros in the period from 2019 to the year 2023.
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ATHEX: Stock index rises for fifth straight day
Tuesday's mixed session on the bourse showed a lack of clear direction in the market, with banks heading lower, mid-caps closing higher and the benchmark as well as the blue chip index ending up practically unchanged. That sufficed to make it five days in a row for the benchmark's growth, a performance not seen in three months at Athinon Avenue.
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ATHEX: Benchmark climbs to four-week high
The relief from the French election results, which may have led to a hung parliament but have also banished the prospect of a far-right cabinet, gave stock buyers an extra push on Monday at the Greek bourse, leading the benchmark to highs unseen in four weeks upon closing, on improved turnover too.
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ATHEX: Monday’s stock gains reversed
On a day of reduced turnover, the Greek stock market recorded losses on Tuesday following two days of growth, in what seemed like a full reversal of Monday's rebound. More than just cashing in on recent gains, traders sent bank prices into a nosedive, partly due to the downgrade of JP Morgan's guidance on Greek stocks from "buy" to "neutral."
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ATHEX: Stocks slipping closer toward 1,400 points
The Greek stock market saw its decline from Tuesday accelerate on Wednesday, with banks and several other blue chips bringing the bourse's benchmark close to the 1,400-point level. Uncertainty both domestically - as described by the Monetary Policy Report of the Bank of Greece - and abroad with the elections in France and the UK in the next few days are adding to traders' reluctance to buy.
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ATHEX: Benchmark eases further on bourse
Corporate dividends, French election concerns and the upcoming ending of the year's first half led to a variety of trends among Greek stocks on Tuesday, after the long weekend. The course of prices was more affected by every individual stock and not by a general or sector-specific trend. The session also marked the debut of Athens International Airport in the blue chip index.
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Why Terna Energy was sold to Abu Dhabi’s Masdar
Terna Energy is officially transferred to Abu Dhabi's Masdar Group in a deal that values the Greek listed company at 2.4 billion euros.
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ATHEX: Bourse ends week with small gains
Despite the disappointment from MSCI's failure to include Athinon Avenue in its "watch list" for upgrading to "developed markets," and despite the drop of the banks index, the benchmark of the Greek bourse ended Friday with small gains, adding to the weekly rise it has managed ahead of the long weekend.
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New gas power plant to begin trial operation this summer
The new natural gas power plant being developed by a joint company of Motor Oil and GEK Terna is expected to be put into trial operation in the summer, while its commercial operation is expected by early fall, Motor Oil sources said in the context of the general meeting of shareholders. The new unit has a capacity of 877 megawatts and a cost of 375 million euros.