GEK Terna

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.

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.