Aegean Airlines

The year's final week started for the Greek stock market on Wednesday with a slight increase for the main index, mainly thanks to the growth of National Bank stock that also led to the banks index posting significant gains on the day. As things stand, the benchmark is heading for an annual growth rate of 40% for the entire year.

Wednesday's mixed session at the Greek stock market may have seen the majority of stocks (including banks) decline and the daily turnover revert to more subdued seasonal levels, but the benchmark continued its ascent for a second straight day to climb to levels unseen in 16 weeks, above the 1,300-point mark.

Athinon Avenue returned to its rising course on Tuesday, with the benchmark climbing to a new 15-week high, on the verge of 1,300 points. Banks - especially Eurobank - outperformed, and alongside some other key blue chips lifted the main index to its highest point since September 1.

The first day of the last week before Christmas started at the Greek stock market with a mixed session, that saw the benchmark and the majority of stocks post losses while mid-caps and banks eased the pressure on the main index. Turnover reverted to the typical level of this month, with traders mostly focusing on profit-taking.

Bank stocks gave the main index of the Greek stock market the boost it needed to rise to a new three-month high on Tuesday, on improved turnover too. The day saw the main index on a constant upswing, but it was only at the end of the session that the rising stocks outnumbered falling ones, by the smallest of margins too.

The Greek stock market had largely taken for granted the credit rating upgrade by Fitch Ratings last Friday, so on Monday it showed a mixed picture as the losers narrowly outnumbered the gainers and the main index came of a three-month high to post a small drop, along with the banks index. A handful of blue chips contained the benchmark's losses, while mid-caps continued their advance.

The fourth straight day of gains for the benchmark at the Greek stock market saw banks and certain blue chips leading the way, as opposed to the blue chip index, which posted a minor loss. Most of the action focused on the credit sector, which is seeing plenty of activity in stake sales these days, attracting the strong interest of foreign traders.

Blue chips gave up some ground on Tuesday at the Greek stock market, although overall losing stocks matched the exact number of gainers on the day. The benchmark came off Monday's seven-week high with some gains cashed in by traders, while certain non-bank large-caps remained on an upward course for another day.

Aegean Airlines on Monday announced that the Hellenic Republic submitted notification of its intention to exercise the rights granted by all the warrants it holds concerning the company's shares on November 3, 2023. 

The main index at the Greek stock market climbed to a new seven-week high on Monday with banks and a few more blue chips leading the rest of the bourse higher on a day of relatively low turnover. The trend of the market remains upward after the previous months' decline, and the year-end window dressing promises even greater gains for local stocks.