Viohalco

Greek stocks continued to ride the wave of satisfaction from the US interest rate cut, on top of which came the boosting measures China announced on Tuesday.

The Greek stock market is in “repression”, as evidenced by the stagnation picture it has shown this week. Traders settled for selective moves and stayed away from the high rhythms of the international markets. Athens did not “seize” the opportunity yesterday, when the major markets moved to record levels, and was left today to tune in to their corrective tendencies.

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.

Once more, the Athens Stock Exchange was unable to hold on to early gains, with selling pressure on banks and other blue chips prevailing in the end.

Turnover remained weak and investor interest low.

The general index closed at 1,425.36, down 0.50%, on turnover of €100 million.

Blue chips dropped 0.76%, while mid-caps rose 0.04%.

Once more, the Athens Stock Exchange was unable to hold on to early gains, with selling pressure on banks and other blue chips prevailing in the end.

Turnover remained weak and investor interest low. The general index closed at 1,425.36, down 0.50%, on turnover of €100 million. Blue chips dropped 0.76%, while mid-caps rose 0.04%.

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

Greek stocks ended the week with a mild decline, going against the trend, as European markets and then Wall Street responded to the chairman of the Federal Reserve's remarks that there will be an interest rate cut in September.

The general index closed at 1,432.60, a 0.24% drop. During the session, it reached a high of 1,441.39 (+0.37%) and a low of 1,432.26 (-0.27%).

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%).

Greece's stock market reclaimed the 1,400-point mark Tuesday after six sessions.

Despite trading within a fairly narrow band, the Athens Stock Exchange general index went through several ups and downs, before settling at 1,403.17 points, up 0.36%. Intra-day, it hit a low of 1,394.62 (-0.25%) and a high of 1,404.62 (+0.46%).

The benchmark at Athinon Avenue declined on Thursday for a third session in a row, although it actually managed to contain its losses upon closing largely thanks to the robust showing by OTE. The day's drop was partly due to the dividend that Eurobank distributed and partly because of the continued pressure on US technology stocks that has had a global impact.