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Stocks gain1.86%, end at2-month high

Stocks gain1.86%, end at2-month high The Athens Stock Exchange posted significant gains on Wednesday, ending up at a two-month high. The ATHEX general index closed at 875.47 points, up 1.86%, its highest level since June 9. Turnover was €39.14 million on 18,109,575 shares traded. Of the 121 traded stocks, 74 gained, 25 lost ground and […]

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Stocks rise 1.31%, but on low volume

Stocks rise 1.31%, but on low volume Stock Exchange rebounded Monday, amid a positive climate in European markets, without making up for all of Friday’s losses, which analysts mostly attributed to a still developing political scandal over wiretapping incidents involving Socialist leader Nikos Androulakis and a journalist. The general index rose 1.31% to close at […]

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Dadia, taking stock of the damage

Dadia, taking stock of the damage A view of a rock at the heart of the Dadia National Park in the regional unit of Evros where rangers leave food for hungry vultures. Kathimerini visited the park, a Natura 2000 protected area, where a massive wildfire recently ravaged more than 4,500 hectares of forest, to take […]

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ASE tumbles, spooked by politics

ASE tumbles, spooked by politics The Athens Stock Exchange was rocked by political developments Friday, with both the prime minister’s secretary (and nephew) and the director of the National Intelligence Agency resigning over a case of spyware used to snoop on a journalist and, likely, on socialist leader Nikos Androulakis. Both deny any direct involvement. […]

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Local stocks level as profits are locked in

Local stocks level as profits are locked in The Athens Stock Exchange ended essentially stable Wednesday, despite many investors selling to lock in profits from the previous six sessions. The general index ended up marginally higher, 0.05%, but enough to vault over 870 points (870.24) for the first time since June 10. Turnover edged up, […]

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Banks help keep market moving up

Banks help keep market moving up The Athens Stock Exchange posted gains for the sixth straight session Tuesday, overcoming the prevailing climate of caution in European markets, mainly through the outperforming banks. The general index, which gained about 5% in July, closed at 869.82 points, gaining 0.70%. Turnover was 58.8 million euros. Of the 112 […]

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ATHEX: Local stocks continue to creep higher

ATHEX: Local stocks continue to creep higher The Greek stock market continued to edge forward on Thursday, but traders’ reserved mood and lower summer trading prevented the benchmark from capitalizing fully on the positive estimates regarding the outlook of the Greek economy and its companies. Corporate results maintained the positive momentum for a number of […]

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ASE group reports higher H1 2022 turnover

ASE group reports higher H1 2022 turnover Turnover reported by the Athens Stock Exchange (ASE) for the first half of 2022 increased by 6.5 percent, compared to the corresponding period of 2021. In absolute terms, turnover was 19.6 million euros in the Jan-June period, up from 18.4 million euros during the same period in 2021. […]

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ATHEX: Positive end to day with early losses

ATHEX: Positive end to day with early losses The Greek stock market shook off the morning pressure from the increased inflation in the eurozone (at 8.6% in June) and rode the wave of relief, generated later on Tuesday by the apparent intention of Moscow to resume the transmission of natural gas to central Europe from […]

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ATHEX: Benchmark rebounds on narrow trade

ATHEX: Benchmark rebounds on narrow trade This time the Greek stock market held on to its early gains, and despite the very narrow trade, with turnover failing even to reach 30 million euros, the benchmark at Athinon Avenue returned back above the psychologically important level of 800 points on Monday. Banks and utilities played a […]

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ATHEX: Week closes with bourse down 0.94%

ATHEX: Week closes with bourse down 0.94% The Greek stock market turned its back on the growth trend observed across most of the eurozone on Friday to lose all of its early gains and settle for moderate losses after a particularly quiet and narrow session. Banks were partly affected by a Goldman Sachs report that […]

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ATHEX: Pressure on banks sends index lower

ATHEX: Pressure on banks sends index lower The Greek stock market lost almost all of its Wednesday gains on Thursday, heading south in line with most other European bourses, partly due to the reduced-growth and increased-inflation forecasts by the European Commission and partly because of worse-than-expected corporate results for banks and investment firms abroad. The […]

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ATHEX: Benchmark recovers to clear 800 pts

ATHEX: Benchmark recovers to clear 800 pts The Greek stock market got the push it needed on Wednesday to clear the 800-point bar, even without support from the banking sector. The Public Power Corporation (PPC) rebound of almost 5% was instrumental to the advance of the benchmark. Rising stocks edged out losing ones, though turnover […]

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ATHEX: Stocks feeble against drop on Monday

ATHEX: Stocks feeble against drop on Monday The reaction of the Greek stock market to Monday’s decline proved rather weak on Tuesday, with just a few blue chips making the effort to help the benchmark cover some of the previous session’s losses, while the day’s turnover remained below the 50-million-euro mark. Banks were not supportive […]

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ATHEX: Benchmark minimizes weekly drop

ATHEX: Benchmark minimizes weekly drop The Greek stock market benchmark on Friday remained on the recovery path it had convincingly embarked on on Thursday, climbing back above the 800-point mark thanks mainly to banks and construction companies. However, that was not enough to offset all of the week’s losses. The Athens Exchange (ATHEX) general index […]

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ATHEX: No stopping stock slide at Athinon Ave

ATHEX: No stopping stock slide at Athinon Ave The announcement of the 12% inflation rate in Greece (in EU-harmonized index terms) last month reversed the initially positive climate at Athinon Avenue on Friday and led to a fresh drop for most blue chips, while overall stocks were split between winners and losers. Coca-Cola HBC’s rise […]

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ATHEX: Traders face another bull trap

ATHEX: Traders face another bull trap For yet another day the Greek stock market proved a bull trap on Monday, as it once again started off with gains, boosted by the strong showing of markets in Hong Kong and Shanghai, but as the day went on growth gave way to losses, with the benchmark eventually […]

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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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ATHEX: Stock surge runs out of steam

ATHEX: Stock surge runs out of steam News from the Fed and the rebalancing of the FTSE index dominated play in the last bourse session of the week in Athens, with the stock recovery proving more anaemic than it had promised earlier in the day, while turnover soared. Banks made a neutral contribution to proceedings […]

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Coke bottler Coca-Cola HBC depleting stock in Russia

Coke bottler Coca-Cola HBC depleting stock in Russia Bottler Coca-Cola HBC and its existing customers in Russia are “in the process of depleting stock,” Coca-Cola Co said in a statement, after Reuters reported that Coke was for sale at a McDonald’s Corp franchise in St. Petersburg. Once the stock is depleted, Zug, Switzerland-based Coca-Cola HBC, […]

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ATHEX: ECΒ inflicts new losses on stocks

ATHEX: ECΒ inflicts new losses on stocks Greek stock prices dropped and bond yields jumped upon hearing the news on Thursday of the European Central Bank decision to end net bond purchases and its intention to hike its key rates more than 25 basis points in the next quarter, in view of increased projections on […]

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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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ATHEX: Cheap drop for the stock market index

ATHEX: Cheap drop for the stock market index The Greek stock market returned on Thursday to where it had closed at on Tuesday, following Wednesday’s rather unexpected jump, with traders cashing in gains made during the previous session, but on reduced turnover. The market appears this week to have once again tested the waters around […]

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ATHEX: Benchmark closing in on 900 points

ATHEX: Benchmark closing in on 900 points The Greek stock market climbed to a four-week high on Wednesday, as its benchmark closed just below the 900-point mark with winners outnumbering the losers three-to-two. Non-bank blue chips led the way, with the main index advancing without any support from lenders, mid-caps or any good news from […]

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ATHEX: Stock index ends up back where it began

ATHEX: Stock index ends up back where it began After a balanced trading session, the benchmark at Athinon Avenue closed on Monday virtually unchanged, with a dead heat between winners and losers and the majority of stocks seeing their early gains vanish by the bell. Tuesday’s MSCI index rebalancing takes precedence now that first-quarter corporate […]

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ATHEX: Benchmark closes at 3-week high

ATHEX: Benchmark closes at 3-week high The benchmark of the Greek stock market closed the week at its highest point since early May, as traders appeared unfazed by geopolitical tensions and focused instead on corporate results and announcements, as the sudden drop of Public Power Corporation’s stock also revealed. The somewhat calmer European markets also […]

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ATHEX: Corporate results buoy stock market

ATHEX: Corporate results buoy stock market The flow of first-quarter corporate results from companies listed on the Greek stock market boosted the benchmark at Athinon Avenue on Thursday, sending it fairly close to the 900-point mark on improved turnover too. With rising stocks outnumbering losers at a three-to-one ratio, the price growth is expected to […]

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ATHEX: Stock index ends virtually unchanged

ATHEX: Stock index ends virtually unchanged The Greek bourse started the week with a rather narrow session, leaving the benchmark virtually unchanged despite the positive verdict on the Greek economy from Brussels – that had largely been taken for granted. Traders in Greece and abroad appear to be holding their collective breath ahead of geopolitical […]

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ATHEX: Banks lead stock market lower still

ATHEX: Banks lead stock market lower still The benchmark at Athinon Avenue narrowly managed to retain the 850-point mark at the end of Thursday’s session, covering some of the significant losses it had incurred from the start of trade due to the universal decline in international stock markets. While banks led the local bourse south […]

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ATHEX: Stock index recovers after Monday’s fall

ATHEX: Stock index recovers after Monday’s fall Stocks at the Greek stock market bounced back on Tuesday after Monday’s decline, with the benchmark covering all its losses from the day before and gaining a little more ground. The quasi-universal growth trend in stock prices pointed to a healthy recovery after two weeks of uncertainty, while […]

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