OTE

The placement of a 10% in National Bank of Greece dominated the interest of traders and outshone the bourse session on Monday. Therefore sellers increasingly played without an opponent at Athinon Avenue at the start of the week, with the benchmark losing a significant portion of its gains registered last week. Even so, September closed with monthly gains of 1.45%.

The Greek stock market continued to rise, in anticipation of the concession of a 12% state stake in National Bank early next week, with the benchmark climbing to a new eight-week high, albeit with the lowest turnover of the last five sessions on Wednesday. 

The question now is whether Athinon Avenue can sustain the levels it has just risen to, over the next few days at least.

Wednesday's rate cut by the Fed predictably benefitted European stock markets too, though Greece's did not follow the upward path at the same pace on Thursday. Nevertheless, it did register gains, on increased turnover too, but traders are still waiting for a domestic catalyst that will give Athinon Avenue the boost it requires to see its benchmark return to the vicinity of 1,500 points.

The benchmark of the Greek stock market slumped on Wednesday to a new month-low, as it has completed four consecutive sessions of decline and traders showed no intention of containing its losses - which may point to more losses.

Foreign pressures brought prices down on the Greek stock market from the start of Wednesday's session, but many stocks reacted toward the end and contained their losses considerably. Likewise, the benchmark regained some of the ground lost over the course of the day and its decline upon the close will not concern observers, as it points to a likely rebound. 

After a disappointing August, this month started with very positive action at the Greek stock market on Monday. Despite the holiday in the US (Labor Day), there were enough sellers to push the benchmark at Athinon Avenue higher, with satisfactory turnover in the aftermath of last Friday's index rebalancing action. Rising stocks outnumbered decliners by two to one.

Full Schedule of Sports Broadcasts: Where to Catch the Action Across Greece and Europe

A packed day of sports broadcasts awaits, with plenty of action both in Greece and across Europe.

The spotlight is naturally on the three games that open the 3rd round of the Super League (Lamia-Olympiacos, Aris-Asteras Tripolis, Panetolikos-Panserraikos).

Deutsche Telekom Cloud Services' moving its software development team from St Petersburg to Thessaloniki proved beneficial to the company.

Moving its activities to Greece was not so unexpected for DTCS, whose parent company, Deutsche Telekom, controls Greece's largest telecoms services provider, Cosmote.

Once again, the Athens Stock Exchange posted mild gains on low turnover, with buyers driving the market through most of Monday's session.

The Athens Stock Exchange closed only marginally higher Monday on very low turnover. Nonetheless, it extended its winning run to six sessions, with a cumulative rise of 3.61%.

The general index closed at 1,432.28 points, a gain of 0.03%. Throughout the session, it moved within a narrow band of less than 10 points, from a low of 1,428.44 (-0.24%) to a high of 1,436.74 (+0.34%).