Index

The last few minutes of the trading session at Athinon Avenue on Monday saw the main indexes swing from gains to losses - albeit marginal - primarily owing to the decline observed in foreign markets, especially at the opening of Wall Street. Traders appear to be waiting for local political developments as well as the outcome of the Turkish elections.

Greek stocks closed their second consecutive week of growth on Friday, approaching the year's highs, though the session offered negligible gains to the main index and the rising stocks outnumbered the losers by the smallest of margins.

Bank stocks once again pulled the index of the Greek bourse higher on Tuesday, even though mid-caps and the majority of stocks suffered losses at the end of a session dominated by selective moves by traders. This sixth consecutive day of growth for the market's benchmark took the latter to its highest level since early March.

The week at the Greek stock market began in the same way it had closed on Friday, with healthy gains for the majority of stocks driven by the growth registered by banks stocks.

The main index at the Greek bourse cleared the 1,100-point bar with relative ease on Friday, ending a week of gains and moderate trading volume. This last session of the week showed price growth across the board in what was the fourth consecutive day of gains for the benchmark.

For the third day in a row the benchmark of the Greek stock market posted minor gains on Thursday, with blue chips growing and mid-caps shrinking, and the majority of stocks ending up on the losing side. The main index is again creeping up toward 1,100 points, while the daily trading volumes seen this week lag those of previous months.

Wednesday's session at the Greek stock market bore a great resemblance to Tuesday's, only with significantly greater gains upon closing after the late rally that banks staged in the closing auctions. Once again the benchmark closed higher and the majority of stocks suffered losses, given also the drop recorded by mid-caps. The 1,100-point mark is now within reach for the main index.

The closing auctions turned things around at the Greek stock market on Tuesday, at the start of the trading week, offering the benchmark marginal gains despite the majority of stocks ending up in the red. International banking concerns appeared to have minimal impact on local credit sector stocks, while construction companies led the rebound.

April has ended for the bourse benchmark with a monthly growth of 2.89%, reversing the decline observed in March, but week-on-week it suffered losses that were extended on Friday on a day with a downward trend for almost the entire session, led by banks and utilities. The weekly drop has therefore put an end to a streak of five weeks of gains at the bourse.

After a very narrow session at the Greek stock market, with few fluctuations, the benchmark posted minor losses on Thursday, as the bourse appeared to be lacking clear direction, hence also the further reduction in turnover. Foreign pressures due to international concerns about the credit sector were offset by consecutive reports that praised the local market.