Ellaktor

ATHEX: Stocks slide on ESM news

The decision by the European Stability Mechanism (ESM) to freeze short-term measures to ease Greece's debt also froze buying interest in the local market, leading to losses for the majority of stocks on Wednesday, which may well continue into Thursday's session.

Greek listed companies under investigation

Athens-listed companies Ellaktor and Intracom Holdings said on Monday they are being investigated, among other firms, by the Hellenic Competition Commission for projects awarded by the state in past years.

Both companies said at this stage it is not known when the investigation will be completed and can't speculate on its outcome or possible effect on their finances.

Euro deflation, exit talk take toll on stocks

The return of deflation to the eurozone and continued talk about a possible Greek exit from the economic and monetary union inflicted fresh losses on local stocks on Wednesday, although these were contained to less than 1.5 percent for the benchmark ? from over 3.5 percent earlier in the day ? marking a new 26-month low.

Stocks inch up in slow trade

The local stock market saw little reason to buy into Friday’s news of the country’s official return to growth, with the weak momentum abating but taking the benchmark just over 890 points while trading volume ended at the lowest level of the last seven sessions.

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