Friday’s rebound for stocks at Athinon Avenue served to distance the benchmark from the 1,200-point level it narrowly held on to over Wednesday and Thursday.
STOCKS
A volatile session at the Greek bourse on Thursday, with several ups and downs over the course of the day, saw the benchmark eventually close virtually as a non-mover.
The Greek stock market is still waiting for institutional and other major funds and investors which invest in developed markets to position themselves at Athinon Avenue.
The stock decline accelerated on Tuesday at the Greek bourse, on reduced turnover too.
Non-bank blue chips weighed on the Greek stock market benchmark on Monday.
The September triple witching and the index rebalancing sent turnover at the Greek stock market soaring on Friday.
A late surge in stock prices on Thursday helped the main index of the Greek bourse recover some of the ground lost in recent days.
The slide in stock prices continued on Wednesday at Athinon Avenue, with the benchmark slumping to a three-month low.
After swinging from negative to positive several times on Tuesday, the benchmark of the Greek stock market settled for moderate losses upon closing.
The confirmation of Greece’s return to investment grade with the upgrade granted by DBRS Morningstar last Friday only had a temporary impact on the Greek stock market.
The benchmark of the Greek stock market staged an impressive rebound late in Friday’s session to come back from 1% down and close with gains of almost 1%.
Greek stocks suffered yet another slump on Thursday, with their losses growing as the day progressed.
The majority of stocks at Athinon Avenue posted a moderate decline on Wednesday, as the bourse failed to build on its Tuesday recovery.
The Greek stock market reacted after four consecutive sessions of decline to post significant gains on Tuesday.
Stocks at Athinon Avenue took a big blow on Monday, as sellers took the upper hand after the first few minutes of the session and proceeded with increasing fervor till the end of the day.
September began at Athinon Avenue with concerns expressed by traders after the first hour related to the global economy and the fear of stagflation.
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