Galatsi
Bourse index recovers some lost ground
Non-banking chips led the local stock index to a significant recovery on Wednesday before the first vote for a new president took place, with traders buying into the optimistic scenario from the government camp that it will be alright on the night of the third vote on December 29.
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A little more conversation, a little less action
Traders hardly batted an eyelid at the governments positive result in the parliamentary vote for the budget, keeping most of their attention firmly fixed on developments on the troika front. Accordingly the Greek bourse saw little action, with the benchmark refusing to give any ground and remaining afloat for one more day on Monday.
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Stocks rise on hopes of troika deal
Stocks staged a mini-rally in Athens on Tuesday in anticipation of an agreement between the government and its creditors, while market rumors spoke of the increasing likelihood that the government will obtain the 180 parliamentary votes it needs to elect a new president in February.
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Investors and Moody’s wait before acting
Investors wait-and-see stance regarding Greek stocks left the benchmark virtually unchanged on Monday, with the smattering of gains recorded during the day evaporating by the end of the session. Moodys decision to postpone its revision of Greeces credit rating contributed to the reduced trade at the start of the month, with turnover dropping to very low levels.
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Bourse trading volume hits new year-low
Turnover at the Greek bourse slumped to a 14-month low on Monday as investors hold back due to the uncertainty hanging over negotiations between the government and its creditors.
The Athens Exchange (ATHEX) general index ended at 881.76 points, shedding 1.01 percent from Fridays 890.74 points. The large-cap FTSE/ATHEX 25 index contracted 1.11 percent to 284.65 points.
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Banks drag bourse index lower
The Greek bourses banks index hit a 19-month low on Wednesday,sliding 5.06 percent and weighing on the market in yet another session of losses. Market sources explained the fresh decline by pointing to the Capital Market Commissions probe into naked short selling concerning bank shares last spring.
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Big monthly drop for stocks
The local bourse lost about one-seventh of its capitalization in October as the benchmark declined 13.73 percent within the month despite Fridays gains of almost 1 percent.
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Schedule for new metro line set out
Athens could have a new metro line running from Goudi to Galatsi via the city center by 2023, it was revealed Thursday as the government said it would launch a tender for the 1.2-billion-euro project in the fall of 2015.
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Verdict on Athens metro Line 4 loan due next month
Greece will aim to clinch a deal with the European Investment Bank regarding funding for a fourth metro line in Athens when officials from the Luxembourg-based long-term lending institution visit the city in September, Kathimerini has learned.
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Rule restricts public access to Attica parks
In a surprise decision, authorities have banned access to the planted areas of Pedion tou Areos, one of the countrys largest public parks, and other green spaces in Athens.
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