Terna

Greek stocks on Tuesday reclaimed some of the ground lost in Monday's 8.3 percent slump, on very encouraging trading volume, with banks jumping by over 5 percent to cover almost half of the previous day's losses. 

The three construction companies invited by the Ministry of Migration and Asylum to submit offers for the construction of closed type accomodation centres have been selected as contractors, according to a ministry decision posted on the Diavgeia website.

Seven companies and consortia have expressed interest in undertaking the work for the extension of Thessaloniki port's sixth pier, at the end of the pre-selection stage of the tender.
The extension will enable the port to accommodate "Super Post New Panamax" high-capacity vessels, and carries a provisional budget of 130 million euros (exclusive of VAT).

The benchmark at Athinon Avenue proved unable to hold on to most of the gains it had recorded during the day on Wednesday, in line with the majority of other eurozone bourses. It presented a mixed picture at the end of the session, with rising stocks narrowly edging out the losers on a day when the bond market dominated investor interest.

A number of Athens-listed companies are planning to take part in a new wave of bond issues, aiming to make the most of the favorable climate in the market and the improvement in investor confidence in Greece.

For a second day in a row the Greek bourse benchmark continued its recovery without the support of bank stocks on Wednesday, although mid-session gains had shrunk by the end of what was a fairly slow day.

The bond issue on Tuesday and Wednesday's T-bill auction appeared to have wrung investors dry at Athinon Avenue, as Wednesday's stock session - which resulted in more winners than losers while the benchmark inched lower - had the lowest turnover of the last 76 trading days.

The huge investor interest in the Greek 15-year bond issued on Tuesday distracted traders from the Athens stock market, which saw early gains turn into losses toward the end of the session. After two days of contraction, stock prices are likely to rebound from Wednesday.

The benchmark of the Greek bourse came off last Friday's five-year highs on Monday as the market appeared to be keeping some cash aside for the upcoming 15-year Greek government bond issue. International pressure on stocks from the Chinese coronavirus played a part too, while the Greek economy's upgrade by Fitch had already been priced in last week.

Hard Rock International has announced it will take recourse to both the Greek and the European authorities against its exclusion from the tender for the Elliniko casino permit, as had been widely expected.