Terna

The seventh consecutive week of gains for the benchmark of the Greek stock market closed on Friday with a mixed session that saw rising stocks edge out losers by the narrowest of margins. The corporate results published in the current period also played a part, sending each stock concerned in different directions.

Stocks were evenly split between winners and losers at Wednesday's session in the Greek bourse, though the benchmark recovered half of the ground it had lost on Tuesday, all in the context of the completion of Piraeus Bank's share placement. This has absorbed a significant portion of the market's liquidity, not only this week but also in the previous couple of weeks.

Stocks at the Greek stock market continued their mild decline on Wednesday for a second session in a row, with a number of blue chips posting a decline and only a few resisting the pressure that could have brought the benchmark below the 1,400-point mark. The week continues in a quiet mode ahead of next week's expected placement of the state's 27% holding in Piraeus Bank.

Anti-soil erosion works are in full progress in areas affected by last summer's forest fires, including West Attica, Parnitha, Evros and the Dodecanese island of Rhodes, the Ministry of the Environment and Energy announced on Monday.

The main index of the Greek bourse advanced for the fifth week in a row, despite the moderate losses suffered on Friday in what was a rather quiet session. Observers note that traders may be waiting for corporate moves and the placement of the state's 27% stake in Piraeus Bank, so they are saving their strength for now.

The negotiations between the GEK Terna group and investment funds of Arab interests, which are now in the driver's seat for the acquisition of Terna Energy, are on a good track, Kathimerini understands.

The concession of the Egnatia Odos highway to GEK Terna for a period of 40 years is expected to be completed in March.

Projects worth 17.1 billion euros are expected to be implemented in the coming years by the four large domestic construction groups GEK Terna, Intrakat, Avax and Mytilineos.

The main index of the Greek stock market ascended close to this week's decade high on Friday, with traders focusing on certain blue chips, although mid-caps underperformed this time. A report by Alpha Finance on Friday pointed to an increase of 15% to 25% for the benchmark of Athinon Avenue this year. In fact it has already gained 5.24% since the year started.

The GEK Terna group added liquidity of 79.2 million euros to its arsenal ahead of the large investments it is expected to implement in the coming years.