GEK Terna

ATHEX: Bourse rises as banks head lower

Despite the significant decline of the banks index, other stocks at Athinon Avenue welcomed back buyers on Wednesday, with trading volume remaining just above the 50-million-euro mark after the MSCI index restructuring produced no surprises for listed companies. A bank rebound could fuel a further rise over the rest of the week.

Six parties interested in Larco assets

The Hellenic Republic Asset Development Fund SA (TAIPED) announced on Monday that six interested parties have submitted expressions of interest for the lease of a number of Larco General Mining & Metallurgical Company assets, namely its Larymna smelting plant, the Larymna and Loutsi mines and relevant mining rights, and other assets owned by the Greek state.

Peloponnese eyes waste management

Work begins on Saturday on the new waste management system in the Peloponnese, the biggest of its kind in Greece.

Friday will see the signing of the concession agreement, granting Terna Energy the rights to start operating the system managing the waste of Corinthia, Arcadia, Argolida, Messinia and Lakonia in 10 months' time.

ATHEX: Half-hearted recovery at stock market

The stock market's reaction after three days of losses proved half-hearted on Tuesday, as the early recovery was contained later on, with most bank stocks posting losses. Some traders will have decided to save some of their liquidity for the new 10-year bond issue, which Greece announced on Tuesday halfway through the trading session.

ATHEX: ECB attitude sends stock prices lower

Despite the early euphoria on most European markets after the peaceful inauguration of Joe Biden in Washington, which led Asian stocks higher too, the afternoon saw prices slide at Athinon Avenue, led by banks. Traders would have liked to hear some more concrete comments from the European Central Bank on Thursday other than Frankfurt's decision to stay put.

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