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After securing gains at NATO summit, Erdogan resumes hostile rhetoric against Greece

After securing gains at NATO summit, Erdogan resumes hostile rhetoric against Greece Though he made no mention of Greek-Turkish affairs at the NATO summit in Madrid, Turkish President Recep Tayyip Erdogan in a news conference in Madrid today made clear that he will continue to actively pursue his challenges to Greek sovereignty. At the summit, […]

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ATHEX: Benchmark loses all of day’s gains

ATHEX: Benchmark loses all of day’s gains It can’t be{any coincidence when the same story was repeated at the Greek bourse for a fifth day in a row on Thursday, when stocks slid off their midday highs and the benchmark ended up marginally below Wednesday’s close. The positive remarks by foreign firms and the constant […]

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ATHEX: Stocks see early gains reversed

ATHEX: Stocks see early gains reversed Trading on the Greek stock market presented a variant of the scenario observed in recent days on Wednesday, with a rather enthusiastic start to the session giving way to stock sales over the course of the day – just like in the three previous bourse sessions – though this […]

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Russia has already lost the war

Russia has already lost the war Russia continues to make gains on the ground in Ukraine, particularly in the Donbas region where the war’s fighting is now most intense. President Vladimir Putin can and will inflict more pain, and though his military isn’t strong enough to overthrow Volodymyr Zelenskyy’s government and capture all of Ukraine […]

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ATHEX: Positive end to week for stock market

ATHEX: Positive end to week for stock market Friday’s gains at the Greek stock market sufficed for the benchmark to swing back into the black for the week, while turnover dropped to levels unseen in two months. Trading at Athinon Avenue lacked the momentum of previous days, though the record high turnover earlier in the […]

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Tourism leads the way to annual gains in Services Turnover Value Index in Cyprus

Tourism leads the way to annual gains in Services Turnover Value Index in Cyprus Tourist-related activities continued leading to an increase in the Services Turnover Value Index in the first quarter of 2022, reflecting the recovery of Tourism following the COVID-19 disruption, CNA reports. According to the Passenger Survey conducted by the Statistical Service of […]

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ATHEX: Solid gains for majority of local stocks

ATHEX: Solid gains for majority of local stocks Wednesday offered most Greek stocks a session of solid gains, showing a clear sense of direction, unlike most other eurozone markets. In anticipation of the first-quarter results of six of the most influential blue chips before the end of the week, traders displayed confidence in their prospects […]

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ATHEX: Moderate gains for bank stocks

ATHEX: Moderate gains for bank stocks The growth of banks offset the decline of utilities and energy stocks on Tuesday, making the mixed session one of net gains for the benchmark at Athinon Avenue, albeit on reduced turnover. The day started off with sales on the back of a downbeat mood across Europe, but buyers […]

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ATHEX: Stock gains evaporate in slow trade

ATHEX: Stock gains evaporate in slow trade A strangely quiet session at Athinon Avenue on Wednesday saw the benchmark lose all its mediocre gains recorded during the day and end up virtually as a non-mover, while turnover slumped considerably to almost half of the figure its had come to a day earlier. Traders apparently expect […]

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ATHEX: Resilience earns stocks more gains

ATHEX: Resilience earns stocks more gains The Greek bourse returned from its first four-day break this month with a session of gains for most blue chips on Tuesday at the start of a three-day week at Athinon Avenue. Local securities were remarkably resilient in the face of pressure from abroad, which seemed to affect only […]

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ATHEX: Strong end to week of stock gains

ATHEX: Strong end to week of stock gains After a slow start, with some losses for a number of stocks, the Greek bourse picked up the pace and gained ground on Friday to end on a high and cap a week of recovery that has taken the benchmark back close to the 900-point level. The […]

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ATHEX: Investors indulge in profit taking

ATHEX: Investors indulge in profit taking The high gains of the two previous days predictably led to some profit taking by traders on Wednesday, especially as far as bank stocks were concerned, without taking much away from the recent momentum that the prospect of an end to the Ukrainian conflict brings to the bourse. Mid-caps […]

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ATHEX: Gains from Wednesday cashed in

ATHEX: Gains from Wednesday cashed in Wednesday’s huge rise on the Greek bourse was followed on Thursday by some profit taking, focused mainly on bank stocks. As long as the war continues in Ukraine volatility will remain the main feature of a shallow market such as that of Athinon Avenue, with the end result of […]

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ATHEX: Index keeps small share of gains

ATHEX: Index keeps small share of gains The Greek stock market lost most of its early gains on Monday but still managed to end the day in the black thanks to a strong performance by the banking sector. Rising stocks were more than double the number of losers, but the big drop in trading volume […]

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ATHEX: Most early stock gains evaporate

ATHEX: Most early stock gains evaporate Western doubts over the defusing of the Ukraine crisis and the withdrawal of Russian troops saw early stock gains all but vanish by the end of Wednesday’s session at Athinon Avenue. The benchmark did stay in the black, though, as nervous traders spared some key blue chips such as […]

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ATHEX: Steep decline as worries grow

ATHEX: Steep decline as worries grow The early gains at the Greek stock market gave way to a steep decline for the majority of stocks on Tuesday on global uncertainty that sent share prices sliding, bond yields climbing and commodity rates soaring. It took less than 50 million euros of turnover for the benchmark at […]

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ATHEX: Mixed day with small index gains

ATHEX: Mixed day with small index gains The Greek stock market once again on Monday followed in the footsteps of its eurozone peers that made no secret of their satisfaction with the German election result. The benchmark at Athinon Avenue managed to notch up some moderate gains even though the majority of stocks as well […]

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ATHEX: Convincing gains for most stocks

ATHEX: Convincing gains for most stocks Friday’s September triple witching session follows a day of more convincing growth at the Greek bourse, with bank stocks finally recovering on the growing number of positive corporate reports for the first half of the year, and the trend for growth recorded on Thursday across eurozone markets. The Athens […]

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ATHEX: Small gains for bourse benchmark

ATHEX: Small gains for bourse benchmark Non-bank blue chips kept the main index at Athinon Avenue in positive territory on Tuesday after a mixed session that ended with rising stocks maintaining a narrow lead over the losers. Traders would be forgiven for saving their energy for Friday’s session, which is expected to see the month’s […]

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ATHEX: Moderate stock gains following TIF

ATHEX: Moderate stock gains following TIF The Greek stock market didn’t react with great enthusiasm to the government announcements in Thessaloniki, but still gave blue chips and the benchmark a bit of a push, although the majority of stocks sustained losses. A key part in Monday’s benchmark increase was played by Public Power Corporation’s stock, […]

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ATHEX: Uptick sends index back over 900 pts

ATHEX: Uptick sends index back over 900 pts The moderate gains that bank stocks secured for the benchmark on Friday did not suffice to avert a net weekly loss for the main index at Athinon Avenue. They did suffice, however, for the main index to recapture the 900-point mark, with the next critical day now […]

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Stocks drop as investors lock in gains

Stocks drop as investors lock in gains Athens shares retreated yesterday as investors’ locked in profits after the market reached a 19-month high on Monday. General index ATHEX closed at 923.15 points, down 0.66%, after dropping as much as 0.92% during the session. Overall, ATHEX added 3.93% in August and is up 14.11% in 2021. […]

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Stock market gains 1.13%, tops 900 pts

Stock market gains 1.13%, tops 900 pts In a rare case of bucking negative trends in Europe, the Athens Stock Exchange finally rose back above the 900-point mark Tuesday. The ATHEX general index closed at 907.56 points, gaining 1.13%, having reached an intrasession high of 911.17 (+1.53%). Blue chips rose 1.19% and mid-caps 0.45%. Turnover […]

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Sellers bring an end to ATHEX run

Sellers bring an end to ATHEX run The Athens stock market’s run of gains was halted at 10 sessions Tuesday, with a negative opening at Wall Street helping reverse earlier gains. The ATHEX general index closed at 895.19 points, 0.25% lower than Monday. While global investors’ worries about a possible further expansion of Covid-19’s Delta […]

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ATHEX: July swings to gains right at the end

ATHEX: July swings to gains right at the end The benchmark of the Greek stock market completed on Friday nine consecutive sessions of growth, matching this year’s record in early April, and narrowly swinging July from a month of losses into one of gains, ending the downward slide set by May and June. That was […]

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ATHEX: Another day of moderate stock gains

ATHEX: Another day of moderate stock gains For a fifth session in a row, the Greek stock market edged higher on low turnover on Monday, as if the sellers have gone away on holiday before the buyers. Blue chips shook off some early pressure to start climbing and sustained gains even without the help of […]

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Cyprus Gains Momentum in US Politics; UN Calls on Turkey to Reverse Course

Cyprus Gains Momentum in US Politics; UN Calls on Turkey to Reverse Course Congress is alarmed on developments in Cyprus following the Turkish provocations. Public domain The Cyprus issue is gaining momentum in US politics across the aisle after the latest provocation by Turkey and the Turkish Cypriots to announce the reopening of part of […]

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ATHEX: Strong gains for almost all blue chips

ATHEX: Strong gains for almost all blue chips A strong showing by stocks on both sides of the Atlantic boosted the Greek bourse on Wednesday, allowing it to report a small rebound despite relatively thin trading volume that was more reminiscent of August sessions than July’s. The Athens Exchange (ATHEX) general index closed at 854.22 […]

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Britney Spears Gains Momentum in Conservatorship Battle

Britney Spears Gains Momentum in Conservatorship Battle Britney Spears has been under a Conservatorship since 2008. Credit: Marc E., CC BY 2.0 Britney Spears has reached new ground in her ongoing fight to regain independence after being placed under a conservatorship in 2008. Judge Brenda Penny, who is overseeing Spears’ case, has granted Spears the […]

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Greece 2.0 plan gains approval

Greece 2.0 plan gains approval The recovery and resilience plans of Greece and 11 other European Union member-states on Tuesday received the necessary approval of the EU economy and finance ministers, opening the way for the payment of the first disbursements within this month. “Today is an important day for Greece and Europe,” Finance Minister […]

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