The main index at the Greek stock market climbed to a new seven-week high on Monday.
STOCKS
Despite the evaporation of Friday’s early gains by the close at the Greek stock market, the benchmark at Athinon Avenue finished the week with significant gains.
A universal push higher by Greek stocks sent the benchmark of the local bourse to a six-week high on Thursday.
Despite the drop of banks stocks, which left the blue chip index unchanged on the day, the benchmark of the Greek stock market posted a minor increase on Wednesday.
Greek stocks edged higher for a third session in a row, taking the benchmark close to 1,200 points on Tuesday.
The Greek bourse has entered the week of major companies’ third-quarter result announcements, and traders remained rather cautious on Monday,.
Friday’s mixed session at Athinon Avenue had the blue chip index close in the red.
Geopolitical concerns and US corporate results weighed on the Greek stock market on Thursday, but the benchmark at Athinon Avenue contained its losses toward the end of the session.
The Greek stock market on Wednesday took a step back after Tuesday’s rally.
Tuesday’s session at Athinon Avenue was a one-stock show.
The growing geopolitical concerns canceled out the positive effect of the Alpha Bank-Unicredit agreement in Romania and Greece.
The Greek stock market behaved independently from the rest of the eurozone bourses for one more week.
Thursday was a day of mixed fortunes for local stocks as there were blue chips that built on Wednesday’s growth while others reverted to a downward trajectory.
The Greek bourse bucked the European trend and posted some gains for its main index and the majority of stocks, led by banks which enjoyed significant growth on Wednesday.
The benchmark of the Greek stock market returned at closing on Tuesday to where it had started the week.
In a session more reminiscent of early September, stocks at the Greek bourse had a mixed day on Monday.
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