Terna Energy

The sixth consecutive session of gains at the Greek stock market brought the benchmark not only to another 13-year high, but also above the 1,400-point mark, on significantly increased daily turnover too. All this was before the entry of the 300 million shares of Athens International Airport, which is scheduled for Wednesday.

The main index of the Greek stock market ascended close to this week's decade high on Friday, with traders focusing on certain blue chips, although mid-caps underperformed this time. A report by Alpha Finance on Friday pointed to an increase of 15% to 25% for the benchmark of Athinon Avenue this year. In fact it has already gained 5.24% since the year started.

The Greek stock market managed on Tuesday to hold on to some of its mid-session gains, with the benchmark closing near the decade-high recorded on January 15. Stocks showed a mixed picture, with the gainers narrowly outnumbering decliners, the blue chip index ending with growth and banks posting a small drop.

Tuesday's decline at the Greek stock market was widely anticipated following eight consecutive sessions of gains for the benchmark that came off Monday's 10-year high. Traders cashed in recently accumulated profits, with the main index posting its biggest daily slide in three months.

Unfazed by the decline of the banks index and the majority of stocks, the main index of the Greek stock market started the week with its eighth consecutive session of growth to register yet another 10-year high. A profit-taking move now appears long overdue. The daily trading volume was predictably reduced, given the holiday in the US.

A universal move upwards for stocks in the Greek bourse on Monday led the benchmark to major gains and the daily turnover well above the 100-million-euro mark. The main index has now climbed to levels unseen since the end of last July, while investors are also looking forward to the listing of Athens International Airport that the government has decided.

After Wednesday's respite, the benchmark of the Greek stock market reverted to its upward course on Thursday to record a new four-month high, vindicating a large portion of observers who believe that, after Greece regained its investment-level credit rating, the only way is up for stocks at Athinon Avenue. The daily turnover figure is also gradually recovering.

The main index of the Greek stock market rose to highs unseen since September 6 on Wednesday, on the combination of the end-of-year window dressing for many investors and the prospect of a possible credit rating upgrade for Greece by Fitch on Friday. The benchmark spent the entire day in the black and the daily turnover managed to clear the 100-million-euro bar for another session.

Wednesday's session at the Greek stock market was a mirror image of the day before, as the main index again posted small losses, while mid-caps outperformed and winning stocks were level with those that declined for a second day in a row.

Despite the evaporation of Friday's early gains by the close at the Greek stock market, the benchmark at Athinon Avenue finished the week with significant gains, as the marginal drop on the day put an end to the five-session rising streak.