Amid international concern about the manufacturing index (PMI) in China, which points to a notable slowdown, stock markets in Europe showed their concern on Wednesday with prices sliding in their majority.
STOCKS
Traders at the Greek stock market chose to cash in on some of their recent gains on Tuesday, with the main index at Athinon Avenue coming off Monday’s nine-year high for some moderate losses for the majority of stocks, led by banks.
The peaceful conclusion of the Turkish elections and of the debt limit standoff in the US allowed European stocks to recover and the Greek bourse to extend its recent gains on Monday. The benchmark at Athinon Avenue climbed to a new nine-year high and turnover was remarkable given the holiday in the US and the UK. […]
Stocks on the Greek bourse continued their impressive rally following last Sunday’s election with another day of robust growth and turnover, taking the Athens benchmark to a new nine-year high on Friday
Unfazed by news of a German recession and a US credit default threat, the Greek stock market reverted to its upward trajectory on remarkable trading volume on Thursday, recapturing the 1,200-point level, with the help of growth in bank stocks.
The main index at the Greek bourse slid back below the 1,200-point level it had captured this week, as on Wednesday it gave up some of the ground earned during Monday’s huge rise.
The Greek bourse benchmark is going from strength to strength, as after Monday’s huge rise to a level unseen since the summer of 2014, on Tuesday it rose yet again for a new nine-year high.
The benchmark of the Greek stock market soared to levels unseen since July 2014 on Monday thanks to the election result on Sunday that has opened the way for ruling New Democracy to score a new four-year mandate.
The Greek stock market ended the last week before the general election with gains, which made it the third consecutive week of growth for the benchmark at Athinon Avenue.
Investors continue{ to tread carefully in the local market as Sunday’s election approaches, so on Thursday they reduced their activity to the bare minimum, with the majority of stocks and the benchmark at Athinon Avenue posting small losses.
Wednesday’s narrow session at the Athens stock market saw the benchmark come off Tuesday’s 104-month high and after negligible fluctuation it closed with a small drop, though the losing stocks outnumbered those that notched up gains.
The market’s growing optimism about political stability in Greece after the elections and the favorable views on Greek banks by foreign firms contributed to a significant rebound of local stocks on Tuesday that sent the Athens benchmark to levels unseen in nearly nine years.
The last few minutes of the trading session at Athinon Avenue on Monday saw the main indexes swing from gains to losses – albeit marginal – primarily owing to the decline observed in foreign markets.
Greek stocks closed their second consecutive week of growth on Friday, approaching the year’s highs, though the session offered negligible gains to the main index and the rising stocks outnumbered the losers by the smallest of margins.
The seven-session run of gains at the Greek bourse stopped on Thursday as foreign investors chose to reap some of their recent profits, inflicting moderate losses on the benchmark and the majority of stocks at Athinon Avenue.
The Greek stock market on Wednesday enjoyed a seventh straight session of growth for its benchmark, which has climbed to a new 10-week high and is approaching the nine-year peak recorded on March 1.
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