Titan Cement

Athinon Avenue ended Thursday with hardly any changes to its main indexes. The day started off with a decline, as the expected 25-basis point cut by the Fed on Wednesday was already priced in, while the caution the US central bank showed in its statement led markets to believe a more restrained year is looming, according to a PIMCO commentary.

The announcement by the Greek prime minister in London that the government has no intention to impose an extraordinary levy on banks' profits gave a major boost to credit sector stocks on Monday. This carried along the rest of the stock market, with the index climbing more than 2% on the day, with increased turnover too.

Hello, the main topic of yesterday, at least in politics, is PASOK’s ascent to the position of Official Opposition after almost 15 years, albeit through a convoluted path, with plenty of drama and four splits within SYRIZA. Cause for celebration for the historic center-left party?

A series of largely positive corporate results published on Thursday gave a fresh boost to the Greek stock market and offered the benchmark the chance to recover more of the ground lost in previous days. However, this price increase was recorded on significantly reduced daily turnover, the lowest of the last 13 sessions.

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.

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.

The Greek bourse recorded a third straight day of price decline on Wednesday, led by banks that suffered from the concerns reigning across Europe as the day of the US presidential election approaches and the prospect of a rapid decline in interest rates that could compromise banks' profits. Thursday will see the publication of the third-quarter data by Metlen.

The European Central Bank decision for a rate cut - the third this year - and the statements by its chief, Christine Lagarde, about a possible fourth one in December, and against any chance of a recession, helped European markets advance and the Greek bourse continue on the recovery path for a third session in a row on Thursday.

National Bank remains the focus of attention for traders at the Greek stock market, with 62% of Monday's bourse session turnover concerning the lender's stock. The rest of the market did not show any particular buying activity, and only Coca-Cola HBC helped with its large capitalization containing the decline of the benchmark on the day.

The completion of the National Bank stake sale on Thursday allowed for a bourse rebound on Friday, dominated by the same stock that accounted for about half of the day's transaction turnover. That helped contain the week's losses after consecutive sessions of declining prices, with banks and a few blue chips such as Jumbo leading the way.