Athens Exchange

The Greek bourse's benchmark came off Tuesday's three-and-a-half-month lows on Wednesday to show a significant rebound, even if that was on the lowest turnover of the last nine sessions. The day's gains snapped a five-day losing streak, led by non-banking stocks.

Global stock markets are under a wave of liquidations, with the geopolitical landscape clouded by the nuclear threat arising from the escalation of tensions in the Russia-Ukraine war.

Sellers ruled the roost once again at the Greek bourse on Monday, with the benchmark heading lower for the third day in a row. The ejection of former prime minister Antonis Samaras from ruling New Democracy and the permission Washington has apparently granted to Kyiv for using long-range missiles to hit Russia combined to apply fresh pressure on stock prices.

Banks were the star stocks in Friday's bourse session at Athinon Avenue, taking the benchmark higher to add to its weekly gains, though the majority of stocks finished lower on the day.

The rising sequence of five sessions came to an end for the benchmark of the Greek bourse on Thursday, though only by the smallest of margins. There were conflicting trends in the session, switching the course of the main index from positive to negative and back several times.

Attica Bank, Greece's fifth largest lender, has raised 672.2 million euros in the context of the share capital increase that was completed and covered to the tune of 86.94% by existing shareholders.

As part of the increase, 359,469,360 shares were issued and the same number of share purchase certificates, which were made available to the participants in the increase.

Contrary to most eurozone bourses, the Greek stock market reacted positively to the election of Donald Trump in the US, though its early gains were curtailed significantly by the end of the session. Therefore local stocks continued their ascent for a fifth day, although mid-caps ended up in the red. A five-session rising sequence for the benchmark had not been recorded since mid-August.

Stocks on the Greek bourse enjoyed a rare respite on Tuesday after the pressure of the previous days, regaining some of the ground lost on the day of the US presidential election, with the benchmark all but recapturing the 1,400-point level, on significantly improved turnover too.

Athinon Avenue was unable to find a clear direction on Monday, and the week's first session ended with the benchmark virtually unchanged. Shrinking turnover revealed that most traders are holding their fire to see the results of the US presidential election and the two-day meeting of the Fed, both of them this week.

While Wall Street and European bourses are moving near historic highs, despite uncertainty surrounding the outcome and impact of the US presidential election and the ongoing geopolitical tensions, the momentum on the Athens Stock Exchange remains lackluster, while foreign funds are conspicuously absent.