Eurobank

The birth of a "fifth pole" with the absorption of Pancreta Bank by Attica Bank is the first significant change in Greece's banking sector for several years. The merged bank aims at competing on an equal footing with the "big four" banks (Alpha, Eurobank, National and Piraeus).

Once more, the Athens Stock Exchange was unable to hold on to early gains, with selling pressure on banks and other blue chips prevailing in the end.

Turnover remained weak and investor interest low.

The general index closed at 1,425.36, down 0.50%, on turnover of €100 million.

Blue chips dropped 0.76%, while mid-caps rose 0.04%.

Once more, the Athens Stock Exchange was unable to hold on to early gains, with selling pressure on banks and other blue chips prevailing in the end.

Turnover remained weak and investor interest low. The general index closed at 1,425.36, down 0.50%, on turnover of €100 million. Blue chips dropped 0.76%, while mid-caps rose 0.04%.

The Greek stock market experienced a new downturn following a similar movement at the end of the previous week. The initial rise to around 1,440 points was followed by a shift in investor sentiment, with Athens failing to align with the positive mood of European markets. However, the losses did not cause concern as the support level at 1,430 points remained intact.

For the second straight session, the Athens Stock Exchange followed European markets in posting mild gains.

The general index ended at 1,436.11 points, a 0.25% gain.

During the session it dipped as low as 1,429.26 (-0.23%), but buying interest in banks in the closing minutes limited losses in that sector and pushed the overall market into positive territory.

Greek stocks returned to gains Wednesday after Tuesday's slight correction.

The Athens Stock Exchange general index closed at 1,432.53 points, up 0.49%, having risen as high as 1,434.58 (0.64%).

Turnover was €70.15 million, with 14,581,437 shares changing hands.

Blue chips gained 0.60% and mid-caps 0.16%.

The bank that will result from the merger of Attica Bank and Pancreta Bank is aiming at becoming a strong fifth pole in Greek banking, besides the current "big four" (Alpha, Eurobank, National, Piraeus).

Only about one in 12 homes are bought using mortgage loans. In 2023, there were 174,475 property transactions, up 21.1% on 2022, and just 14,621 loans granted to buy or build a house.

Greece's stock market reclaimed the 1,400-point mark Tuesday after six sessions.

Despite trading within a fairly narrow band, the Athens Stock Exchange general index went through several ups and downs, before settling at 1,403.17 points, up 0.36%. Intra-day, it hit a low of 1,394.62 (-0.25%) and a high of 1,404.62 (+0.46%).

The General Index of the Athens Stock Exchange opened with small losses, which is a breath away from the 1,400-point target, while Motor Oil’s shares are in the spotlight today, following MSCI’s surprise decision to leave it out of the MSCI Standard Greece index.