Greek stocks had something of a rocky session at the start of the week as the morning satisfaction following the vote in Parliament on the key tax and social security bills was succeeded by concerns over the outcome of Monday's Eurogroup. The positive signs from the Euro Working Group meeting eventually led to some gains for most stocks.
A Morgan Stanley report that was published on Wednesday and forecast a swift end to the country's negotiations with its creditors gave a significant push to the local stock market upon its reopening after the Easter and May Day holidays. The report was particularly bullish on Greek bank stocks, whose index gained 3.01 percent on Wednesday.
The market?s fatigue with Athens?s inability to conclude an agreement with the country?s creditors and the growing prospect of a referendum that government officials are pointing to resulted in fresh losses during Monday?s bourse session as investors expected nothing concrete from the Eurogroup meeting in Brussels.