GEK Terna

Friday's mixed session at Athinon Avenue had the blue chip index close in the red, while the majority of stocks managed to drag the benchmark back into the black with the help of a handful of energy blue chips.

Tuesday's session at Athinon Avenue was a one-stock show as it was the first day of trading for Alpha Bank after the major proposal tabled by UniCredit for the Greek lender's stake that bank bailout fund HFSF holds, and the merger of the Italian bank's operations in Romania with those of Alpha. As a result Alpha jumped 12.44%, while most other local stocks registered gains too.

The impact of inflation and rising interest rates on first-half corporate results of listed companies continues to put pressure on stock prices at Athinon Avenue, as the benchmark of the Greek bourse suffered fresh losses on Wednesday.

The tender for the new 25-year concession of Attki Odos attracted record-level financial offers, but the highest binding financial offer among the six candidates that participated in the process was submitted by GEK Terna.

Greek stocks suffered yet another slump on Thursday, with their losses growing as the day progressed, with floods in central Greece and the postponement of the prime minister's speech in Thessaloniki not helping stocks recover. Friday's DBRS Morningstar credit rating report on Greece could change all that.

The majority of stocks at Athinon Avenue posted a moderate decline on Wednesday, as the bourse failed to build on its Tuesday recovery. There was little in the direction of selling but even less action among buyers, so most of the day's reduced turnover went toward bringing prices down.

Greek stocks declined slightly in August's last session at the Athens Stock Exchange (ASE), as investors locked in profits, although on a limited scale. What stood out though was the sudden surge in turnover, to €453.75 million.

The Athens Stock Exchange rose slightly on Thursday but could not scramble above 1,300 points, a level it has found difficult to sustain.

Investors made selective moves in some stocks and turnover was relatively low for a second session in a row.

The general index closed at 1,295.91 points, a 0.17% gain. Blue chips declined 0.11%, mid-caps gained 0.73% and banks slid 0.44%.

The Athens Stock Exchange closed with mild gains of 0.9% on Wednesday, ending a run of three negative sessions.

The general index closed at 1,279.92 on turnover of €77.3 million. Blue chips gained 0.24%, mid-caps 0.36% and banks 0.02%.

Negative sentiment in European markets and investors locking in short-term gains led the Greek stock market to drop for a third successive week on Friday.

The week's final trading session was decisive for the negative trend.