After two days of cautious profit-taking, the Greek stock market reverted to its upward course on Wednesday.
STOCKS
Profit-taking by investors continued at the Greek stock market on Tuesday, although unlike on Monday the decline of the benchmark was contained toward the end of the session.
Traders at the Greek stock market considered Monday to be a good time to cash in their recent gains, in the absence of several institutionals given the holiday in the US.
The Fourlis group is planning to list its Trade Estates Real Estate Investment Company on the Athens Stock Exchange in the second half of October.
The Greek stock market rebounded after Thursday’s respite to post a fresh nine-year high on Friday with the help of most blue chips, though not banks.
After eight consecutive sessions of growth the benchmark of the Greek stock market finally yielded some ground on Thursday, though its losses appear too insignificant to deduce any conclusions about an end to the upward momentum at Athinon Avenue.
The Greek bourse continued on its up ward trajectory on Wednesday, breaking yet another nine-year record through the support of mid-caps and non-banking blue chips.
The fresh decline of US inflation helped the Greek stock market reverse its midsession losses and close Tuesday with some gains for more stocks, though the market appears to be suffering from growth fatigue at this stage.
Athens Stock Exchange Group (HELEX) is organizing a series of international roadshows to promote listed medium-capitalization companies to European institutional investors for the first time.
The strong start to Monday’s session at the Greek bourse gave way to some profit-taking initiatives in the afternoon that erased almost all of the benchmark’s gains.
Greek stocks contained their growth on Friday, giving up most of their mid-session growth, but the benchmark still ended higher.
A rollercoaster session at Athinon Avenue on Thursday saw constant shifts from black to red and back, before the benchmark of the market heeded the course of mid-caps to close with gains for yet another day.
The upward trajectory of the Greek stock market continued for another day on Wednesday.
Investors unleashed a buying spree at the Greek stock market on Tuesday, after the three-day weekend, with the price growth gathering momentum as the session went along.
Blue chips led the benchmark at Athinon Avenue to a rise on Friday after three days of drop, with a turnover that was the lowest of the last 11 sessions.
Traders reverted to profit-taking at the Greek bourse on Thursday, following morning gains, with refineries and industrial companies being at the focus of sellers this time instead of banks, whose index has been in decline all week.
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