Cenergy Holdings

An attractive salary package, the stability that a large group can offer and the prospect of career development are the main weapons being deployed by leading Greek businesses in the battle to reverse the brain drain and make the idea of moving back home more attractive, in combination with the tax exemptions introduced by the government.

Hello! The news that was widely discussed was the departure of the Prime Minister’s economic advisor, Alexis Patelis, from his position at the end of the year. Let’s start with the basics: Patelis left on his own and in a good climate—this to dispel any recycled scenarios that he supposedly disagreed with the upcoming measures against banks or with the recent statements by K.M.

After the credit rating upgrade for Greece by Scope Ratings and the favorable reports on Greek bank stock prices, the local bourse extended its rising streak to six sessions on Monday. In this period the main index has risen by over 5% to highs unseen since late September. Capital Link's Greek stocks roadshow in New York, which kicked off on Monday, could also boost prices further.

For yet another day - the third in a row - bank stocks outperformed at Athinon Avenue and led the Greek bourse to more growth on Wednesday, while the daily turnover continued to expand as well. This has taken the benchmark to a six-week high, with traders now awaiting the report by Scope Ratings on the Greek sovereign debt and the third-quarter growth figures this Friday.

Without impressing, the Greek stock market closed in positive territory for a second straight day, boosted by banks. The profit taking that took place in some energy blue chips prevented further upside, resulting in the General Index closing far from the highs of the day and below 1,430 points, which it exceeded intraday.

The momentum from the ceasefire in Lebanon appeared to end on Wednesday, and the benchmark of the Greek stock market succumbed to its first losses after five consecutive days of growth during which it had grown by over 3%. Banks were at the center of the profit-taking process.

The lowest turnover of the last 11 weeks did not stop the benchmark of the Greek stock market from recording another day of growth, albeit small, on Tuesday, making it five in a row. It has now put clear blue water between itself and the 1,400-point psychological milestone.

Greek stocks remained on an upward course on Monday, with the benchmark continuing its ascent for a fourth day in a row while the index rebalancing triggered a considerable increase in turnover during the closing auctions. The week therefore appears front-heavy, given the slow trade expected on Thursday and Friday due to Thanksgiving in the US.

Blue chips at the Greek stock market offset the pressure on banks and overturned the early losses to see the benchmark end the week with daily gains. However, that was not enough to reverse the overall negative result of the week. The majority of stocks ended in the red, always affected by the international concern on European geopolitics, but turnover recorded a moderate increase.

A series of largely positive corporate results published on Thursday gave a fresh boost to the Greek stock market and offered the benchmark the chance to recover more of the ground lost in previous days. However, this price increase was recorded on significantly reduced daily turnover, the lowest of the last 13 sessions.