Coca-Cola Hellenic Bottling Company

After four sessions of decline for its benchmark, adding up to 4.44%, the Greek stock market rebounded on Wednesday, though not in the fashion that would have offset a significant part of recent losses. The losing streak may have been snapped, but it will take more convincing for traders to revert to the rising course of the month's first half.

Concerns over a possible expansion of the war in the Middle East, with the involvement of Iran, weighed on the Greek stock market, inflicting losses on the benchmark on Friday. Even so, the index narrowly maintained the 1,400-point level and got to close the week with net growth, with turnover also rebounding.

The imported concerns, such as the losses at the start of the Wall Street session, the growing tension in domestic politics and the recent fatigue of buyers led Greek stocks to a significant decline on Tuesday after the four-day recess.

Investors reacted to Monday's major drop on the Greek stock market and on Tuesday they granted non-bank stocks some recovery, although bank stocks remained under pressure.

In anticipation of the Piraeus Bank placement next week, the Greek stock market had a rather quiet day on Friday, at the closing of another week of gains for the main index at Athinon Avenue, the sixth in a row. The blue chip index and that of banks headed lower on the day, while the majority of stocks and the mid-cap index ended up with gains.

Athinon Avenue ended its fourth consecutive week of gains on Friday with a minor increase for its benchmark that extended its weekly gains somewhat, although the first few hours of the session had promised significantly higher price growth. This follows the positive momentum observed across most other European markets and is expected to prevail for the week to come, too.

Greek stocks recovered after Wednesday's respite, with the benchmark rising to yet another 13-year high on Thursday, thanks mostly to the growth recorded by a few blue chips and by mid-caps.

The sixth consecutive session of gains at the Greek stock market brought the benchmark not only to another 13-year high, but also above the 1,400-point mark, on significantly increased daily turnover too. All this was before the entry of the 300 million shares of Athens International Airport, which is scheduled for Wednesday.

For the third day in a row the benchmark of the Greek stock market closed with losses that affected half the board's stocks. However, on Thursday the turnover was significantly increased compared to previous days. Banks led the decline, with the exception of National Bank, while corporate results continued to dictate the moves of investors.

Coca-Cola HBC AG on Tuesday reported a 15.3% increase in organic revenue in the third quarter of 2023, with organic revenue growth of 17% in the year.