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ATHEX: Little buying interest in most stocks
The Greek stock market appeared to play second fiddle to the bond issue of the Mytilineos group on Wednesday - the book closure date is on Friday - with turnover on the local bourse slumping to just over 50 million and stocks presenting a mixed picture.
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ATHEX: Traders count down the days till next week's Eurogroup
The modest gains on low trading came as no surprise on Friday at the Greek bourse, and activity at Athinon Avenue looks set to remain shallow until next Thursday's Eurogroup meeting, where key decisions are expected - at least as far as Athens's much-needed bailout tranche is concerned.
Numerous factors hamper manufacturing
High taxes and social security contributions, Greek bureaucracy, high energy costs and unclear and dysfunctional zoning laws are the factors that have led to the contraction of the local manufacturing sector, according to a study by the Foundation for Economic and Industrial Research (IOBE).
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ATHEX: Bank stocks tumble on creditor plans
The plans of Greece's creditors about retaining the International Monetary Fund as an observer but not a contributor of funds to the Greek bailout program, as reported in the press, sent Greek stocks tumbling on Wednesday. The drop was reinforced by the fresh hike in sovereign bond yields.
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ATHEX: Contraction, bank concerns exert pressure on local stocks
The correction process continued on Monday on the Greek bourse as the benchmark appeared to shy away from the 800-point mark on news of an economic contraction in the first quarter and Moody's caution over the course of bad-loan management.
ATHEX: Stock market defies gravity for a 12th day
The main index of the Greek stock exchange made it 12 in a row on Wednesday for the first time since its 1999 heyday, as it continued its push toward the 800-point mark. The general picture, along with the recovery of bond prices, points to a return to normality for the local market after the government's agreement with the country's creditors.
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ATHEX: Top session of year to date at Greek bourse
Bank stocks led the Greek bourse in a rare rally on Tuesday on news of a provisional agreement between the government and the country's creditors ahead of the May 22 Eurogroup, with the benchmark climbing to new highs and trading volume the greatest recorded to date this year.
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ATHEX: Stocks slide in line with the rest of Europe on UK vote
Stocks across Europe felt the pressure on Tuesday after snap elections were called in Great Britain, leading the Greek market's benchmark almost 1 percent lower as trading resumed after the Easter break. Turnover was exceptionally low since many investors appeared to have extended their holidays.
ATHEX: Ongoing talks vex investors
The benchmark at Athinon Avenue continued to reflect the nervousness of a market held hostage to the protracted negotiations between representatives of the Greek government and the country's creditors in Brussels ahead of Friday's Eurogroup meeting, with stocks posting a small decline on Tuesday on limited turnover.
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ATHEX: Another day of losses on the stock market
The prospect of long-drawn-out negotiations between Athens and its creditors is testing the patience of investors, and that, combined with jitters regarding the Dutch general election and the Fed's interest rate decision, led to further losses at Athinon Avenue on Wednesday.
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