In a session more reminiscent of early September, stocks at the Greek bourse had a mixed day on Monday.
STOCKS
The Greek bourse ended its six-week losing streak, recording a notable weekly rebound that was slightly contained during Friday’s session.
The benchmark of the Greek stock market continued its rising streak on Thursday.
The Greek stock market built on Tuesday’s rebound on Wednesday, with the main index securing further gains as the local market is still considered oversold among traders.
The main index at the Greek bourse rebounded from a five-month low on Monday with the biggest daily increase in five months on Tuesday.
An extra source of regional geopolitics concerns was all that the Greek bourse needed to accelerate its selling spree.
The Athens Exchange Group is planning changes in market regulation aimed at boosting its prestige and trading activity, and upgrading the investment profile of listed companies from early 2024.
The mood at the Greek stock market is nothing like the upbeat atmosphere felt at midsummer.
After Wednesday’s brief respite, stocks resumed their downward trajectory at Athinon Avenue on Thursday.
The main index at Athinon Avenue came off an 18-week low on Wednesday to post a small rise.
The Greek stock market lost yet more ground on Tuesday as sales appear to be gathering pace at ATHEX.
Turnover nosedived at the Greek stock market on Monday, lowering the prices of most stocks in the local market in yet another session of losses for the benchmark at Athinon Avenue.
September closed with the biggest monthly drop for the benchmark of the Greek stock market in 15 months.
The Greek bourse benchmark’s 1,200-point level finally yielded after several days of pressure on Thursday.
The impact of inflation and rising interest rates on first-half corporate results of listed companies continues to put pressure on stock prices at Athinon Avenue.
Tuesday saw the benchmark at Athinon Avenue avoid another decline as it held on to some of its gains and ended the day in the black and on a week-high, albeit on reduced turnover.
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