GEK Terna

The statements by European Central Bank Governor Mario Draghi gave Greek stocks a fresh boost on Tuesday, taking the benchmark to yet another 13-month high after the bank holiday - and on improved trading volume too.

Buyers got back to strengthening their positions on the Greek bourse on Wednesday, taking the majority of stocks close to the day's highs at the close after a rather wobbly start due to the release of the European Commission's third assessment report. Even so, the session's turnover was less than half that recorded on Tuesday.

The MSCI Standard Greece index rebalancing, with the return to its ranks of National Bank, and the continued euphoria from political developments in Athens saw the Greek bourse extend its gains on Tuesday and double Monday's daily turnover, as positive reviews from foreign firms and agencies poured in following the announcement of a snap election.

Coca-Cola HBC and National Bank suffered significant losses in Monday's bourse session at Athinon Avenue, which saw its benchmark begin the election week with a drop that is incongruous with the wait-and-see attitude usually adopted by investors during such periods.

Most of the early growth in prices evaporated over the course of Friday's bourse session at Athinon Avenue. The benchmark managed to hold on to some gains before the closing bell, although stocks were split between winners and losers at the end of a week of net losses for the market.

Warnings from the Bank of Greece and Goldman Sachs over the course of the Greek economy, not to mention international concerns on foreign markets over the raging trade war, led on Wednesday to the complete erasure of the gains recorded by the Athinon Avenue benchmark on Tuesday.

China's response to US trade tariffs caused jitters across the eurozone market, and the Greek bourse was no exception on Monday. The fact that this came after a week of losses aggravated the atmosphere at Athinon Avenue, which is eager for some good news that will help it recover.

Significant losses over the previous days prompted a reaction from investors in the Greek stock market on Friday, in line with the rebound noted in most European bourses. However the benchmark ended the week almost 5 percent worse off, largely due to the handout package announced by the government on Tuesday.

Listed group GEK Terna is postponing until after the elections - not only the European polls this month but probably the general elections later this year too - the creation of a subsidiary in the sector of state project concessions.

Athinon Avenue on Monday followed the global sell-off trend triggered by Washington's intention to raise the trade war stakes with China, posting remarkable losses that were even greater for bank stocks.