Index

ATHEX: Investors get ready for rebalancing

On a day when Wall Street and the London Stock Exchange remained closed, the Greek bourse secured a rather satisfactory turnover of almost 50 million euros on Monday, with traders opting to position themselves ahead of this Friday's upcoming index rebalancing. Leading the benchmark to strong gains were bank stocks, which were oversold in previous sessions.

Sectoral confidence up in May

In Turkey, confidence in all sectors posted a rise in May, the country's statistical authority reported on May 22.

Seasonally adjusted confidence indices for services, retail trade and construction rose 10.8%, 5% and 31.1%, respectively, month-on-month in May.

ATHEX: Investors shift sights to bonds

The Greek securities markets are showing a shift from stocks to bonds, as confidence in the state's solvency is growing while the private sector is facing multiple problems. On the same day the benchmark of Athinon Avenue suffered minor losses and banks dipped to new lows, the Greek 10-year bond continued its rally, with its yield dropping to 1.73% on Thursday.

ATHEX: Remarkable gains despite thin trade

Greek traders seemed to respond to the heat wave on Monday, swimming well in shallow waters, as the local stock market posted significant gains on very limited turnover. Banks and a few select blue chips led the way, as international markets were boosted by news of a possible breakthrough in terms of a coronavirus vaccine.

ATHEX: Friday growth limits weekly index drop

The benchmark of the Greek stock market ended every session this week below the 600-point mark, as Friday's gains - largely driven by Wall Street's healthy rise on Thursday - were contained toward the end of the session.

The Athens Exchange (ATHEX) general index ended at 593.26 points, adding 0.87% to Thursday's 588.12 points. On a weekly basis it declined 1.79%.

ATHEX: Bank stocks’ losses keep on mounting

Bank stocks came under fresh pressure on Thursday, with the benchmark yielding more ground at the close despite spending some time in the black during the day. Global pessimism regarding the economy and the World Health Organization's statement that the coronavirus may never go away weighed on most markets, with Athinon Avenue proving to be no exception.

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