Terna

The Athens stock market rebounded strongly Monday, on the back of bank shares' performance and positions on other blue chips.

The general index ended up 1.74%, at 1,285.27 points, on turnover of €108.5 million.

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%.

A subdued session saw Greek stocks decline slightly on Thursday, in contrast to the gains in other European markets.

Most banks and blue chips faced selling pressure, but not excessively.

The ASE general index closed at 1,313.20 points, 0.30% lower on turnover of €84.9 million. Blue chips dropped 0.31%, mid-caps 0.24% and banks 0.13%.

The Athens Stock Exchange posted mild gains on low turnover Wednesday, but underperformed European markets, which bounced bank after the Italian government watered down a plan for a windfall tax on banks.

The ASE general index closed at 1,317.18 points, up 0.46%, on turnover of €65.65 million. Blue chips gained 0.38% and mid-caps 0.15%, while banks declined 0.26%.

The Athens Stock Exchange posted minimal gains, with the positive news of the upgrading of Greece's debt by Scope Ratings balanced by the negative climate in other European markets.

The ASE general index ended 0.09% higher at 1,320.65 points, trading narrowly throughout the session. Turnover was €79 million.

Despite anothe negative session, the Athens Stock Exchange managed to stay above 1,300 points and limit early losses that reached 3.22%.

Considering the selling pressures that developed abroad after Fitch Ratings downgraded the US debt, holding on above the 1,300-point threshold can be considered a success.

The Greek authorities have initiated construction work for a 35-kilometer-long steel fence along the Meriç River as part of the first phase of a new 140-kilometer-long wall project on the Turkish border to prevent irregular migration.

Six of the eight investment schemes that participated in the final phase of the tender for the new Attiki Odos concession contract submitted binding financial offers by Monday's deadline.

Friday's narrow trading session at the Greek stock market concluded with some gains for most, at the end of a week of price growth that sent the benchmark to yet another nine-year high at the close. Barring any unforeseeable factors, the short-term trend at Athinon Avenue remains positive, with prices rising in line with the temperatures.

Profit-taking by investors continued at the Greek stock market on Tuesday, although unlike on Monday the decline of the benchmark was contained toward the end of the session, in spite of the steady drop by bank stocks.