The Athens Stock Exchange declined slightly for the second session in a row Tuesday.
The Athens stock market showed gains throughout Tuesday’s session, with bank stocks attracting most investor interest.
The Athens stock market ended its first session of the week with a mild rise, on very low turnover.
Thursday’s session on the Athens Stock Exchange was even more subdued than recent days, if that is possible.
The Athens Stock Exchange posted gains for the second session in a row yesterday, despite turnover dropping yet again, this time below €26 million.
he Athens Stock Exchange finally aligned itself with the positive turn on the European markets Tuesday, as it rebounded from Monday’s significant losses to close 1.47% higher.
Turnover on the Athens Stock Exchange may have risen Monday – to 41.8 million after the auctions – but only because investors gave sell orders, mainly on banks and other blue chips.
The rising tension between Beijing and Washington over trade matters and the continuous growth of coronavirus cases across the European continent checked stock prices on Friday, with Athinon Avenue seeing its benchmark slump, as well as trading volume.
The Greek stock market ended July with a monthly drop of 3.33% for the benchmark on the day that eurozone gross domestic product data showed a record decline over the second quarter of the year.
The German recession data and fears of a political anomaly in the US if the presidential election is postponed sent jitters across international markets on Thursday, with Athinon Avenue not only losing its early gains but also ending the day with significant losses.
Bank stocks weighed heavily on the benchmark of the Greek bourse on Wednesday as, after a session when rising stocks outnumbered losers, it posted a small drop on a day with exceptionally low trading volume in anticipation of announcements by the Federal Reserve in the US.
Greek stocks came off a two-month low on Tuesday to record gains as the market appeared fairly oversold and the geopolitical tensions eased further with Ankara pressing the “pause” button on operations affecting Greece.
The Greek stock market index descended on Monday to a new two-month low after a third consecutive session of losses.
The continuing diplomatic and economic standoff between the US and China has affected global markets and put pressure on the Greek bourse on Friday.
Traders appeared particularly nervous and reserved in Thursday’s bourse session, which canceled most of the gains recorded on Wednesday on particularly low trading volume.
Geopolitical concerns eased near the end of Wednesday’s bourse session at Athinon Avenue, allowing stocks to enjoy the gains they had been deprived of late on Tuesday, with the benchmark recording a healthy rise with the help of the banking sector.
The Turkish Navtex and the state of alert at the Hellenic Navy on Tuesday turned gains into losses on the Greek bourse.
Expectations that a deal will finally be reached at the European Union summit boosted Greek stocks and bonds on Monday, with the benchmark at Athinon Avenue closing on the day’s high and the 10-year bond yield sliding four basis points to 1.13%.
Closing auctions at Friday’s bourse session made buyers the clear winners on the last day of a week of ups and downs.
The European Central Bank chose not to change its monetary policy on Thursday and Greek stocks also decided not to alter direction, with the benchmark all but staying put in what was a mixed session at the local bourse.