Stock market

Investors note momentum in Greek economy

The investment community recognizes the momentum of the Greek economy, sees the Greek stock market as a stable pillar of growth and gives a vote of confidence to Greek listed companies, according to the managing director of the Athens Stock Exchange group, Yianos Kontopoulos, in an interview with Kathimerini, as he returned from London.

ATHEX: Bourse posts 6.88% leap in November

November proved to be a very profitable month for the Greek stock market, and not only for bank stocks, whose index soared 12.44%, but also for the benchmark, which has grabbed 6.88% from October 31. The month ended with a high-trade day due to index rebalancing and gains for most stocks, which took the main index to a new 12-week high on Thursday.

ATHEX: Seven-week high for local bourse index

The main index at the Greek stock market climbed to a new seven-week high on Monday with banks and a few more blue chips leading the rest of the bourse higher on a day of relatively low turnover. The trend of the market remains upward after the previous months' decline, and the year-end window dressing promises even greater gains for local stocks.

22 companies go public in first half

Some 22 companies have launched initial public offerings (IPO) in the first half of 2023, data from the Central Securities Depository (MKK) have shown.

Those companies raised a total of 26.4 billion Turkish Liras from the IPOs in the January-June period, according to MKK.

In the whole of 2022, 40 companies went public, raising 19.3 billion liras through IPOs.

An ‘important milestone’ for Bank of Cyprus

The Bank of Cyprus is proceeding with a dividend payment after 12 years, after receiving the green light from the European Central Bank. 

According to an announcement, the BoC Holdings board of directors will propose the payment of a final dividend of 0.05 euros per share from the profits of 2022 to shareholders at the annual general meeting, to be held on May 26. 

ATHEX: Index keeps rising, with more caution

The benchmark at the Greek stock market tested the waters around the 1,080-point level and returned below 1,070 points on Tuesday, closing with minimal gains that sufficed to make the session the fifth in a row with growth for the bourse. This was mainly driven by bank stocks, while the majority of the market ended up with losses, albeit minor in most cases.

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