Global index provider FTSE Russell announced during the March 2020 interim review a series of clarifications regarding the promotion of Romania to the status of Secondary Emerging Market, according to a press release of the Bucharest Stock Exchange.
The flexibility that the credit sector has secured from the European Central Bank and the reserved optimism that the restriction measures in Greece are bearing fruit, amid more handout pledges by the government, saw the local stock market head higher on Monday in a relatively calm environment for global securities.
The reserved optimism of Greek epidemiologists about the course of Covid-19 in Greece over the last three days was reflected in stock prices on Tuesday, as confidence in the quickly taken, firm measures and the fiscal easing decided across the European Union have led to some relief for battered bourses, including Athinon Avenue.
Monday's session at the Greek bourse was short and sour for stocks. The start was delayed by over four hours due to technical problems in data transmission, and the benchmark suffered major losses in the three-and-a-half hours of trade (an hour's extension was granted), with banks once again enduring most of the pressure.
The Greek stock market continued to reap the benefits from the European Central Bank's move to include Greece in its emergency bond-buying program for a second day on Friday, but unlike on Thursday, banks were participating in force. Oil companies led the way, while mid- and small-caps appeared more reserved. There was a marked improvement in turnover.
The decision by the European Central Bank to include Greece in an emergency bond-buying program gave Greek securities a much-needed boost on Thursday, with sovereign bond yields tumbling and stocks jumping at Athinon Avenue. Public Power Corporation closed almost at its limit-up, while banks struggled to keep up with the other blue chips.