Viohalco

The inflow of real estate investment companies (REIC) into the stock market will continue in 2024.

After the stock listing first of Trade Estates REIC, of the Fourlis group, and recently of Orilina Properties REIC, three more companies are in line. They are Noval Property REIC, of the Viohalco group, Intracom Properties and Lamda Malls, of the Lamda Development group.

The stock market at Athinon Avenue closed for Christmas with losses for most stocks on Friday, as traders engaged in more profit-taking, which hit banks hardest. This wiped out almost all of the week's gains for the benchmark, with a relatively increased daily turnover, three sessions before the end of the year.

Traders at the Greek stock market stayed on the same path of caution they have been on throughout December to date, with reduced action at Athinon Avenue and a mixed picture for stock prices on Monday. 

However, despite a drop in the blue-chip and banks indexes, the benchmark managed to end up in the black for the day, albeit marginally.

Stocks soared on Tuesday at Athinon Avenue, with traders shifting most of their attention to banks, which saw their index jump by almost 6% driven by the huge interest in the public offering of National Bank.

Despite the evaporation of Friday's early gains by the close at the Greek stock market, the benchmark at Athinon Avenue finished the week with significant gains, as the marginal drop on the day put an end to the five-session rising streak.

Greek stocks edged higher for a third session in a row, taking the benchmark close to 1,200 points on Tuesday. However, that was not enough to prevent a negative result for October, which closed with monthly losses of 1.34% for the main index. That was the third consecutive month with a decline.

Greek stocks edged higher for a third session in a row, taking the benchmark close to 1,200 points on Tuesday. However, that was not enough to prevent a negative result for October, which closed with monthly losses of 1.34% for the main index. That was the third consecutive month with a decline.

The Greek bourse has entered the week of major companies' third-quarter result announcements, and traders remained rather cautious on Monday, opting to heed the trend set by the rest of the European markets - i.e. slightly upward on reduced turnover. Mid-caps outperformed, with the majority of stocks securing gains at the start of the week.

Tuesday's session at Athinon Avenue was a one-stock show as it was the first day of trading for Alpha Bank after the major proposal tabled by UniCredit for the Greek lender's stake that bank bailout fund HFSF holds, and the merger of the Italian bank's operations in Romania with those of Alpha. As a result Alpha jumped 12.44%, while most other local stocks registered gains too.

Greek stocks suffered yet another slump on Thursday, with their losses growing as the day progressed, with floods in central Greece and the postponement of the prime minister's speech in Thessaloniki not helping stocks recover. Friday's DBRS Morningstar credit rating report on Greece could change all that.