Helleniq Energy

ExxonMobil is taking to a more advanced stage of maturity the project of exploring  the Greek concessions for the two areas west and southwest of Crete in its joint venture with Helleniq Energy.

The decision by the Single Supervisory Mechanism (SSM) of the European Central Bank approving the distribution of dividends by Greek banks helped the credit sector outperform at Athinon Avenue on Thursday and carry along the benchmark to a second day of healthy gains. Nevertheless, the majority of stocks and the mid-cap index ended up in the red.

The Greek bourse recovered on Monday from its week of losses to show some healthy gains for the majority of stocks and the benchmark at Athinon Avenue on a day with significantly reduced turnover, the lowest in a week. The question now is whether this rebound can be sustained, as the summer with the biggest corporate dividends in a decade has started.

Thursday gave traders a mixed session at Athinon Avenue, with the majority of stocks and the benchmark narrowly heading lower, while the blue chip index and that of banks moved up, one day after another 13-year high for the main index. The early gains gave way to moderate losses as the benchmark apparently was not yet ready to clear the 1,500-point barrier.

The decline of bank stocks at Athinon Avenue on Tuesday dragged the rest of the market lower too for the day, but April closed with gains of 1.84% for the benchmark. Notably, a number of blue chips bucked the trend and notched up impressive growth on the day, pointing to the potential for a further advance in the days to come.

February ended at the stock market with an impressive session, that extended the month's gains for the benchmark and doubled the daily turnover, due to yet another stock rebalancing. That was the fourth consecutive month of growth for the main index, which has augmented 4.19% since end-January.

Anti-soil erosion works are in full progress in areas affected by last summer's forest fires, including West Attica, Parnitha, Evros and the Dodecanese island of Rhodes, the Ministry of the Environment and Energy announced on Monday.

The Greek stock market appeared to have run out of steam, with mixed results and little buying interest of note for many stocks for a second day on Thursday. Despite the rise of the banks index and mid-caps, the benchmark could not avoid posting minor losses on Thursday, though it is clear there is no intention for a move toward lower price levels.

The better-than-expected annual results of Coca-Cola HBC and the strong figures of Piraeus Bank gave strong momentum to Greek stocks on Wednesday, which combined with the positive mood across Europe led the ATHEX benchmark to a new 13-year high.

Helleniq Renewables, a wholly owned subsidiary of Helleniq Energy, has announced the acquisition of solar parks with a total capacity of 180 megawatts from the UK's Lightsource near Kozani, in northern Greece.

Helleniq Renewables plans to expand its renewable energy capacity from the current 356 MW to 1 GW by 2025, and over 2 GW by 2030.