Terna
ATHEX: Two-month high for main index
Stock prices at Athinon Avenue went from losses to gains over the course of Monday's session as the few active investors continue to believe the local bourse is underpriced after the successful bond issue a week ago. This helped the benchmark climb to a two-month high, even though that was on particularly low turnover.
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Tender for PPC units ends in utter failure
The Public Power Corporation tender for the concession of the lignite plants at Meliti and Megalopoli has ended in failure, as was expected.
The PPC board rejected Mytilineos SA's bid for the Meliti plants on Friday, as well as the below-par offer by the Sev.en Energy-GEK Terna consortium for the entire portfolio that PPC is selling.
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Coal-fired PPC plant tender draws very little interest
Wednesday's results of the tender for the sale of the coal-fired electricity units of Public Power Corporation at Megalopoli and Meliti confirmed estimates saying that lignite is not at all attractive as a fuel form any longer.
ATHEX: Mid-caps keep stock market index afloat
The benchmark of the Greek stock market closed at the day's low on Wednesday but still managed to hold on to a sliver of gains in the face of the blue chip index's marginal slide as mid-caps propped up the market. Turnover was the highest so far this week.
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ATHEX: Piraeus Bank jump spurs most local stocks higher
The anticipated reduction of Piraeus Bank's capital adequacy requirements as set by the European Central Bank served on Monday to boost the bank stock that has suffered the most in recent months - and with it the rest of the bourse - although trading volume was again disappointingly low.
ATHEX: Price rises for most stocks
On a good day for the Greek bond market, local stocks rallied at the end of the trading session on Tuesday to notch up enough gains to send the benchmark higher. Former state companies were at the focus of buying interest.
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GEK Terna lands contract for Belgrade airport
The GEK Terna construction group has landed another significant contract, as it has undertaken the construction of the new Nikola Tesla Airport in Belgrade, Serbia, in a consortium with Vinci.
This is a contract worth 262 million euros, and the consortium of Vinci (with a 51 percent stake) and GEK Terna (with 49 percent) will have five years to implement the project.
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ATHEX: Stocks seen heading to year-end slide
The negative mood among domestic and foreign investors alike saw Greek stocks posting fresh losses at the start of the week, with the decline accelerating when European bourses headed south. The rather unexpected jump in Greek bond yields also contributed toward the stock drop.
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ATHEX: Stocks unable to retain gains
Greek stocks lost all the gains registered earlier in the day and then some, completing a sixth consecutive southbound session for the benchmark at Athinon Avenue on Tuesday.
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ATHEX: Index records biggest daily rise since 2016
The benchmark of the Greek stock market posted its biggest daily rise in two-and-a-half years on Monday, riding on a wave of international relief resulting from the truce in the Sino-American trade war while dismissing any concern about the rebalancing of the MSCI index.
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