Titan Cement

The Greek stock market managed on Tuesday to hold on to some of its mid-session gains, with the benchmark closing near the decade-high recorded on January 15. Stocks showed a mixed picture, with the gainers narrowly outnumbering decliners, the blue chip index ending with growth and banks posting a small drop.

The statements by European Central Bank chief Christine Lagarde about an upcoming easing of interest rates offset the adverse impact from the significant decline late at Wall Street on Tuesday, so the benchmark of the Greek stock market recorded only marginal losses on Wednesday.

Tuesday's decline at the Greek stock market was widely anticipated following eight consecutive sessions of gains for the benchmark that came off Monday's 10-year high. Traders cashed in recently accumulated profits, with the main index posting its biggest daily slide in three months.

A universal move upwards for stocks in the Greek bourse on Monday led the benchmark to major gains and the daily turnover well above the 100-million-euro mark. The main index has now climbed to levels unseen since the end of last July, while investors are also looking forward to the listing of Athens International Airport that the government has decided.

Wednesday's mixed session at the Greek stock market may have seen the majority of stocks (including banks) decline and the daily turnover revert to more subdued seasonal levels, but the benchmark continued its ascent for a second straight day to climb to levels unseen in 16 weeks, above the 1,300-point mark.

Bank stocks gave the main index of the Greek stock market the boost it needed to rise to a new three-month high on Tuesday, on improved turnover too. The day saw the main index on a constant upswing, but it was only at the end of the session that the rising stocks outnumbered falling ones, by the smallest of margins too.

Traders at the Greek stock market stayed on the same path of caution they have been on throughout December to date, with reduced action at Athinon Avenue and a mixed picture for stock prices on Monday. 

However, despite a drop in the blue-chip and banks indexes, the benchmark managed to end up in the black for the day, albeit marginally.

Blue chips gave up some ground on Tuesday at the Greek stock market, although overall losing stocks matched the exact number of gainers on the day. The benchmark came off Monday's seven-week high with some gains cashed in by traders, while certain non-bank large-caps remained on an upward course for another day.

Greek stocks edged higher for a third session in a row, taking the benchmark close to 1,200 points on Tuesday. However, that was not enough to prevent a negative result for October, which closed with monthly losses of 1.34% for the main index. That was the third consecutive month with a decline.

Greek stocks edged higher for a third session in a row, taking the benchmark close to 1,200 points on Tuesday. However, that was not enough to prevent a negative result for October, which closed with monthly losses of 1.34% for the main index. That was the third consecutive month with a decline.