Galatsi

The Greek stock market came off the day's lows on Tuesday to contain its losses as a number of blue chips reacted after Monday's plunge to avoid a further decline that could have even put the 1,000-point level at risk for the market's benchmark.

The Greek stock market came off Wednesday's 101-month high to see its benchmark post a notable decline that was eventually smaller than its mid-session losses on Thursday. A late stop-loss reaction that culminated during the closing auctions arrested the decline of the main index, but losing stocks outnumbered the gainers by three to one.

The outlook for Greece's sovereign credit rating to return to investment grade and the 50-million-euro package of Mytilineos shares that changed hands on Monday gave a fresh boost to the Greek stock market at the beginning of the week, with its benchmark climbing to highs unseen in almost 11 months. This was the sixth consecutive session of gains for the bourse.

The contract for the northern part of the E65 highway will be signed tomorrow, as announced by the Minister of Infrastructure and Transport, Mr. Costas Karamanlis, speaking to Parapolitika 90.1 FM. "A very big effort has been made in the last 23 months, we have worked intensively to unblock projects that we found "stuck".

The time for the public work project of the decade has arrived. The contract for the construction of the first phase of the new Line 4 of the Athens metro, which will connect the Veikou Grove in Galatsi with Goudi, will be signed tonight, in the presence of Prime Minister Kyriakos Mitsotakis.

The Greek stock market's lowest trading volume of the last 13 sessions saw the benchmark suffer moderate losses on Thursday after three days of gains, as traders again appear reluctant to commit themselves to purchases until the picture regarding the coronavirus tempest clears.

A series of attacks targeting banks across Attica took place early on Monday morning.

At 2.38 a.m. two ATMs and the facade of a Piraeus Bank branch in Agios Dimitrios were damaged by vandals.

That was followed at 3.39 a.m. by an arson attack on an ATM at the Eurobank branch in Galatsi.

Police said on Saturday that they had dismantled a drug distribution network which used a school as one of its bases.

Bank stocks and the rest of the Greek stock market appeared to be in two parallel universes on Wednesday, as the former suffered losses after days of growth, while the vast majority of listed companies enjoyed gains for another day, taking the benchmark higher.

The international buying spree that on Tuesday took the Dow Jones over 30,000 points in New York contributed to the Greek bourse's main index holding its ground and putting some distance between it and the 700-point mark, despite the profit-taking recorded by most bank stocks.