EYDAP

Athens water supplier EYDAP is among 20 companies taking part in the European Union's Intcatch program, which aims to revolutionize water quality monitoring by using robotic boats with innovative sensors. 

The Greek stock market had another narrow trading session on Wednesday, with mild losses for the majority of stocks and traders shifting their attention to Friday's triple-witching and the upcoming shake-up of the FTSE indices, concerning Mytilineos, Sarantis and Viohalco.

Monday's downbeat trade on the Greek stock market was marked by the lowest turnover in the last 29 sessions, with the majority of stocks posting losses and a day when most European bourses registered gains.

The Greek state is reclaiming its majority stakes in the Athens and Thessaloniki water companies, as the government has revoked the decision by the ministerial committee for privatizations handing its shares to sell-off fund TAIPED.

The business plan of state sell-off fund TAIPED, as approved by the inner cabinet, provides for the sale of the state's energy holdings in Public Power Corporation, Hellenic Petroleum and Public Gas Corporation, along with the concession of minority stakes in the Athens and Thessaloniki water companies (EYDAP and EYATH).

The trading week in Athens got off to a mixed start, as the pressure on National Bank and Eurobank sent the benchmark and the blue chip index lower, while the majority of other stocks enjoyed gains, leading the mid-cap and the small-cap indices higher.

The 17th session of gains in the last 20 wrapped up another robust week for the Greek bourse, with the market reclaiming morning losses to end higher again on Friday on somewhat reduced turnover.

Wednesday's sixth consecutive session of gains for the benchmark of the Athens stock market took it to a new three-month high, on respectable turnover and significant gains for the majority of blue chips, including banks.

The continued drop in sovereign bond yields and the growing effort to dress up portfolios before year-end saw the majority of stocks chalking up more gains on Friday, when trading surpassed the 100-million-euro mark for a second day. The banks index has now covered all of this year's losses.

As the year starts to draw to a close many funds have either stopped trading their securities or are engaging in some window dressing, boosting their performance. This serves to explain the growth seen on the local bourse on Friday, after progress in the third review had already been priced in.