Water supply and sanitation in Greece

The rally continued at the Greek stock market on Wednesday, with the benchmark climbing to a new decade-high despite the fragmented picture among blue chips. Eventually the main index advanced thanks to specific buys made among non-bank large-caps. Mid-caps outperformed once again, as traders seek out investment opportunities in underbought stocks.

A year of glorious performances has come to a close at the Greek stock market, with the main index continuing its advance on Friday to end 2023 39.08% higher than its closing last December. The large-cap index grew 38.7% year-on-year, but it was banks that outperformed with their 65.73% annual advance.

As Christmas approaches, the action is slowing down at the Greek stock market, with the turnover dropping further on Thursday and the benchmark coming off Wednesday's 16-week high to settle for a point and a half below the 1,300 mark. Yet with five sessions left till the end of the December, 2023 is certain to be another particularly positive year for Athinon Avenue.

Greece's water utility EYDAP is planning investments amounting to 1.85 billion euros over the next decade, the company's CEO Haris Sachinis, said on Friday.

The Greek stock market on Wednesday repeated its ascent of Tuesday, climbing to yet another 14-week high based on the second consecutive day of advance by banks.

Νational Economy and Finance Minister Kostis Hatzidakis on Tuesday announced the start of the process to establish a National Investment Fund within the context of the Growthfund, in which the Hellenic Corporation of Assets and Participations SA (HCAP) has collected significant government assets under a single institutional structure for their more efficient operation and exploitation.

The Greek stock market had largely taken for granted the credit rating upgrade by Fitch Ratings last Friday, so on Monday it showed a mixed picture as the losers narrowly outnumbered the gainers and the main index came of a three-month high to post a small drop, along with the banks index. A handful of blue chips contained the benchmark's losses, while mid-caps continued their advance.

The Greek stock market entered December recording a new three-month high for its benchmark on Friday, even if that was on significantly reduced daily turnover, the lowest of the week. The rise of the majority of stocks came in the face of a decline by banks, with mid-caps behind the main push upward.

The main index of the Greek stock market rose to highs unseen since September 6 on Wednesday, on the combination of the end-of-year window dressing for many investors and the prospect of a possible credit rating upgrade for Greece by Fitch on Friday. The benchmark spent the entire day in the black and the daily turnover managed to clear the 100-million-euro bar for another session.

The decline of the stock of National Bank of Greece did not suffice to prevent the benchmark from climbing to a new 12-week high on Monday. The daily turnover reverted to high levels at the start of the week that might bring Greece once again to climbing the steps to investment grade as Fitch Ratings will issue its verdict on Friday.