Economy of Greece

ATHEX: Index keeps rising, with more caution

The benchmark at the Greek stock market tested the waters around the 1,080-point level and returned below 1,070 points on Tuesday, closing with minimal gains that sufficed to make the session the fifth in a row with growth for the bourse. This was mainly driven by bank stocks, while the majority of the market ended up with losses, albeit minor in most cases.

ATHEX: Bourse posts both daily and weekly rise

The benchmark of the Greek stock market cleared the 1,050-point bar on Friday, but that was not enough to prevent it from ending the month of March with a loss - a first after the rising streak from October to February. While the benchmark recorded a drop of 6.61% for March, it ended the first quarter with an increase of 13.42%.

ATHEX: Late rally on favorable estimates

The Goldman Sachs comment on Wednesday afternoon that the Greek economy will stay strong despite any political turmoil, and even regain investment grade in three weeks' time, helped the Greek stock market secure gains on Wednesday, even if it had struggled to keep pace with the rest of its eurozone peers. Moody's positive outlook of the local credit sector also helped.

ATHEX: Systemic risk sends bank stocks tumbling

International concerns over the credit system will no go away easily, and the  reacted with fear over the course of Deutsche Bank on Friday inflicting losses on almost all bank stocks in the eurozone. The Greek bourse was no exception, with the banks index suffering a major drop and the benchmark losing almost 3% in one day.

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