Index

Unfazed by political developments in Parliament, the Greek stock market held its ground on Wednesday after its benchmark temporarily climbed above 1,000 points again. Traders engaged selectively in some profit taking while many investors are expecting the issue of corporate results that begins on Thursday, as well as Friday's credit rating report on Greece by Fitch.

Athinon Avenue saw its benchmark temporarily rise above the 1,000-point mark, but it eventually had to settle for small losses as the recent rise to an eight-year high has not had its fair share of profit-taking yet.

The benchmark of the Greek stock market took another leap on Monday to get closer to the psychologically significant 1,000-point mark, as bank stocks led the bourse index to a new eight-year high. This first testing of the waters around 1,000 points showed the milestone may prove easier to attain than the previous one - i.e.

After a day's respite, the Greek stock market returned to its upward course on Friday, with the benchmark covering some of its Thursday losses on its way toward the 1,000-point mark.

The main index at Athinon Avenue came off its eight-year peak on Thursday with a significant drop that bore the marks of profit-taking, but with a significant trading volume that showed interest remains considerable in the local bourse. This was only the second session of decline for the benchmark of the local stock market since the start of the year.

The constant march higher of Greek stocks continued on Wednesday, on a considerably increased turnover thanks to a number of business deals that not only increased the trading volume but also further fed the optimism among investors for medium-term gains. More than half of the day's turnover took place during the closing auctions.

Greek stocks maintained their growth momentum for another day on Tuesday, despite the attention the issue of the 10-year sovereign bond commanded, with the main index climbing to another eight-year high. Even when European bourses headed lower and some traders indulged in profit-taking, buyers retained the upper hand, with the benchmark edging ever closer to 1,000 points.

The benchmark at the Greek stock market soared to levels unseen in over eight years on Monday, as despite the US holiday traders showed considerable buying interest in local stocks. A number of market deals and the consensus that Greece will outperform the eurozone in growth terms this year appear to have attracted investors on a permanent basis.

The main index of the Greek stock market is seriously eyeing the 1,000-point milestone following another session of growth on Friday that saw it climb to its highest level since February 11, 2022, for yet another 11-month high. This time the price growth was universal and not restricted to certain sectors or capitalization sizes, not to mention the increase in turnover.

After a mixed session that saw construction firms and banks defy the trend which saw most stocks heading lower and closing with losses, the benchmark ended the day on Thursday with negligible gains that sufficed to record yet another 11-month high. This was the eighth session of gains out of the last nine for the main index at Athinon Avenue.