The benchmark at the Greek stock market soared to levels unseen in over eight years on Monday, as despite the US holiday traders showed considerable buying interest in local stocks.
STOCKS
The main index of the Greek stock market is seriously eyeing the 1,000-point milestone following another session of growth on Friday that saw it climb to its highest level since February 11, 2022, for yet another 11-month high.
After a mixed session that saw construction firms and banks defy the trend which saw most stocks heading lower and closing with losses, the benchmark ended the day on Thursday with negligible gains that sufficed to record yet another 11-month high.
Wednesday saw the benchmark of the Greek stock market register a new 11-month high on moderate daily gains that changed the earlier picture of negligible losses in a session of rather shallow trade at Athinon Avenue.
The benchmark of the Greek stock market may have seen its rising streak snap on Tuesday, but that was only marginally, as its decline was negligible and the overall course appears unchanged, despite the minor profit taking on the day.
The outlook for Greece’s sovereign credit rating to return to investment grade and the 50-million-euro package of Mytilineos shares that changed hands on Monday gave a fresh boost to the Greek stock market at the beginning of the week, with its benchmark climbing to highs unseen in almost 11 months. This was the sixth consecutive session of gains for the bourse.
The Greek stock market completed an entire week of growth, as Thursday’s session was the fifth in succession with the benchmark in the black, climbing this time above the 950-point mark.
The benchmark at Athinon Avenue registered yet another eight-month high on Wednesday, as traders appear willing to test the waters around 950 points, while daily turnover is also picking up pace.
Energy stocks led the Greek stock market’s benchmark to new eight-month highs on Tuesday.
The Greek stock market opened the new year with another eight-month high on Monday, even if trading was a fraction of its usual size, due to the festive season and the fact that Wall Street was closed.
The year closed at the Greek stock market on Friday with gains for the benchmark that took it to an eight-month high, bucking the trend set by other eurozone bourses.
The year’s final bourse session at Athinon Avenue will start on Friday with the benchmark just above 920 points, close to the year’s high, despite the minor losses most blue chips incurred on Thursday.
With two bourse sessions left till the end of the year, the Greek stock market offered little excitement to traders and observers on Wednesday, though once again the late rally in the closing auctions managed to offset the benchmark’s losses and supply it with negligible gains.
The year’s final trading week started off particularly quietly, with turnover on Tuesday at the Athens stock market being the lowest in more than two years.
Traders chose to cash in on some recent gains on Friday at Athinon Avenue, inflicting moderate losses on the majority of blue chips and the benchmark of the Greek bourse
The benchmark of the Greek bourse was practically a non-mover on Thursday, after a mixed session with little action and a slender majority of rising stocks over the losers.
[nx_login_form]x
