Hellenic Exchanges

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.

Athens Stock Exchange Group (HELEX) on Tuesday launched a series of international roadshows to promote listed medium-capitalization companies to European institutional investors for the first time.

The first roadshow took place on Tuesday in Geneva and will be followed by roadshows in Paris (June 22) and Frankfurt (October 31).

Athens Stock Exchange Group (HELEX) is organizing a series of international roadshows to promote listed medium-capitalization companies to European institutional investors for the first time.

The first roasdshow will be held on Tuesday (13 June) in Geneva, to be followed by roadshows in Paris (June 22) and Frankfurt (October 31). 

The prospect of a new Attica lockdown sent the Greek bourse tumbling on Tuesday, with severe losses for banks and the majority of other stocks also heading south, erasing the gains of previous days. All but two blue chips headed lower, but the decline is seen as temporary and not structural.

The Greek bourse followed on Tuesday in the footsteps left by major foreign markets over the last couple of days, taking its benchmark just over the 760-point mark, though banks had less to do with that growth than other blue chips. Turnover saw a marked improvement too.

Athinon Avenue gave up 7.36% over the month of January after another day of losses on Friday for the benchmark and the majority of stocks. The prospect of tighter restrictions and concerns over when the economy will start to recover continued to put pressure on prices.

Greek stocks staged a remarkable turnaround on Thursday, as they swapped losses for gains, boosted by the reversal of bank stocks' fortunes. This was mainly seen as a reaction to the recent decline of prices from the January 4 peak, and was implemented on the highest daily turnover so far this year.

The Greek stock market took last Friday's positive report by Fitch Ratings in its stride. Still, the new strain of the coronavirus has put fresh pressure on stock prices across the continent and most local blue chips took fresh losses on Monday.

A mixed Wednesday on the Greek bourse saw gainers edge out the losers and provided the benchmark with just enough fuel to climb back above the 800-point level, thanks mainly to the growth of bank stocks for the second day in a row.

The benchmark of the Greek stock market narrowly managed to avoid dropping below the 800-point mark on Monday as investors indulged in profit taking following the recent gains enjoyed by most stocks. All but two blue chips suffered losses, led by banks, in line with most other European markets.