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ATHEX: Investors cash in on recent bourse gains
The moderate decline of the Athens bourse benchmark on Wednesday was seen more as a spot of profit taking after three consecutive days of gains and less as an end to the growth course that is expected to continue ahead of the review of Greece's sovereign credit rating by Moody's and Prime Minister Alexis Tsipras's trip to the US next week.
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ATHEX: Stocks climb as investors put money on rating upgrade
Rising for a third session in as many days, the gains posted by the Greek bourse benchmark were more convincing on Tuesday, even though stocks were split between winners and losers and turnover remained low. Banks led the blue chip index higher, with traders expecting a sovereign credit rating upgrade by Moody's this Friday.
ATHEX: Pressure on banks sends bourse lower
Greek bank stocks came under selling pressure on Monday as the possibility of the need for additional provisions looms large. While non-banking blue chips appeared at times as if they would manage to contain the benchmark's drop, the main index ended the first day of the trading week well in the red, with turnover failing to breach the 60-million-euro mark.
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ATHEX: Stocks slide further after more volatility
Another day of high volatility at the Greek stock market, following Tuesday's considerable ups and downs, saw the closing auctions decide that the majority of stocks would end up in the red on Wednesday, as did the bourse's benchmark.
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ATHEX: Bourse creaks under credit sector sell-off
Greek stocks took a tumble on Monday on the heels of the German election result and ahead of statements by ECB governor Mario Draghi about bringing forward a stress test for local banks.
The Athens Exchange (ATHEX) general index closed at 742.49 points, shedding 4.06 percent from Friday's 773.94 points. The large-cap FTSE-26 index contracted 4.35 percent to end at 1,956.85 points.
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ATHEX: Stock sellers are waiting in the wings
Monday was another mixed day for the Greek bourse. Stocks were split between winners and losers, the benchmark had some moderate gains but the banks' index was virtually unchanged, and mid-caps conceded some ground. The drop in turnover compared with three declining sessions last week shows that a likely return of sellers is on the way.
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ATHEX: Benchmark slides 2 pct for the week
Bank stocks at the Athens Exchange (ATHEX) continued heading south at the end of the week, extending the weekly losses of the benchmark and taking it close to the 800-point mark, while also illustrating that the market was unimpressed by the hype over French President Emmanuel Macron's visit.
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ATHEX: Late rally brings respite to battered bank stocks
A late rally by bank stocks on the Athens bourse broke the credit sector's three-session slide on Tuesday, while most stocks registered moderate gains at the end of trade.
ATHEX: Stocks index ends the week 1.16 pct higher
Many traders have evidently left for their summer vacations, as turnover at the Greek bourse was particularly low on Friday, but those left behind at Athinon Avenue nudged the benchmark higher at the end of the week on a day of mild growth for most blue chips.
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ATHEX: Athens stock market's decline continues
The Greek bourse ended July with a monthly decline of 1.40 percent for its benchmark, mainly due to the drop recorded on Monday that was led by bank stocks. Tuesday's session is seen as crucial because a lack of reaction by buyers will signify a further drop in the medium term.
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