The Athens Stock Exchange bucked the negative trend observed on European markets Thursday, gaining 0.65% thanks to buying in banks and other blue chips.
STOCKS
Despite anothe negative session, the Athens Stock Exchange managed to stay above 1,300 points and limit early losses that reached 3.22%.
The Athens Stock Exchange proved unable to hang on to early gains recorded on Tuesday. The ASE general index, which got close to its highest levels since 2014, ended down 0.84%, closing at 1,324.28 points.
Local stocks ended a nother profitable month at the Greek bourse, as July saw gains of 4.45% to the benchmark at Athinon Avenue following a session of slight growth for the majority of stocks on Monday.
Traders cashed in some of the week’s gains on Friday ahead of the announcement of the first-half results by the systemic banks that should shape the new week.
The vast majority of Greek stocks ended Thursday’s trading session with gains.
The benchmark of the Greek stock market eased somewhat from the 111-month high of Tuesday, giving up just over one point on Wednesday, with stocks split down the middle between winners and losers.
The Athens bourse reverted to its rising course with renewed strength on Tuesday, as the benchmark of the market climbed to highs unseen since early April 2014.
Concerns over Greek tourism, given the forest fires on Rhodes and Corfu, put an end to the rising streak of the Athens stock market on Monday.
A number of energy and industrial blue chips kept the Greek stock market benchmark on a positive course on Friday.
Thursday was another positive day for the Greek stock market, albeit on rather weak turnover.
Even without the support of bank stocks, the Athens bourse benchmark soared to yet another nine-year high on Wednesday, in line with the positive mood across eurozone markets.
On Tuesday high-flying Mytilineos Group and the banking sector led the Greek stock market back to its upward course that has dominated Athinon Avenue throughout this year.
In the last couple of hours of Monday’s session the Greek stock market succumbed to pressure from a combination of factors that sent prices lower.
Friday’s narrow trading session at the Greek stock market concluded with some gains for most, at the end of a week of price growth that sent the benchmark to yet another nine-year high at the close.
The Greek stock market experienced a mixed session on Thursday, with the majority of stocks closing with gains while most indexes posted losses at the end of the day.
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