GEK Terna

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.

May's first bourse session on Athinon Avenue on Thursday showed a narrow range for the benchmark and low trading volume, but also a notable recovery in the stock of Public Power Corporation (PPC).

The 25 companies that make up the FTSE 25 large-cap index at Athinon Avenue recorded an increase in sales last year - mainly thanks to a robust second half - and a decline in their operating and net profits because of one-off negative results for several blue chip companies, according to data Beta Securities has prepared for Kathimerini.

Terna Energy SA, a Greece-based company engaged in the renewable energy sector, has signed a deal to acquire a 200-MW wind farm in Texas, US.
The total value of the investment is around 275 million euros, the company said.
Terna, which already operates wind farms in Elmore County, Idaho and Scurry County, Texas, has plans for another project in Texas.

The Greek bourse wrapped up another week of gains on Friday, with the benchmark at a nine-month high. Still, trading volume eased and the positive momentum appears to have slowed.

The Athens Exchange (ATHEX) general index ended at 765.67 points, adding 0.20 percent to Thursday's 764.13 points. It rose for a third consecutive week, by 1.49 percent.

Bank stocks' recent gains were bound to lead to profit taking at some point. That point came on Thursday, but barely affected the rest of the market, as mid-caps and small-caps headed higher to split the board between winners and losers.

The expected approval of a 1-billion-euro disbursement to Athens by Friday's Eurogroup, after Wednesday's favorable European Commission report, secured further gains for the majority of stocks at Athinon Avenue, which was accompanied by the continuing decline of Greek bond yields. The stock benchmark climbed to its highest level in almost eight months, just short of 750 points.

The Athens stock market managed to remain on a rising course on Tuesday, on presentable trading volume, although stocks painted a mixed picture and the banks index headed lower. Traders were very selective, opting to cash in recent bank stock gains while buying into other blue chips and mid-caps.

The Greek bourse benchmark rose 1.96 percent over the month of March, taking the growth of the main index in the first quarter of the year to 17.62 percent.

The Athens Exchange (ATHEX) general index ended at 721.37 points on Friday, adding 1.08 percent to Thursday's 713.66 points. On a weekly basis it advanced 1.85 percent.