Thursday August 28, 2014 Search
Weather | Athens
31o C
24o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Banks buoy stocks to third day of gains

The benchmark of the Athens bourse chalked up its third day of gains on Wednesday, taking its total growth registered since Monday morning to 4.71 percent, as international reports continue to praise local banks, sending their stocks higher. Curiously, the foreign portfolios now buying into Greek lenders are the very same that last week inflicted losses on bank stocks and the benchmark.

The Athens Exchange (ATHEX) general index closed at 1,247.92 points, adding 1.55 percent to Tuesday’s 1,228.85 points. The blue chip FTSE/ATHEX 25 expanded 1.83 percent to close at 403.78 points, while small-caps fell 0.09 percent.

As privatizations remain stagnant and corporate moves few and far between – OTE’s offer for Forthnet’s Nova being the exception – the focus of international investors is predictably returning to the banking sector, which in turn is swaying the local bourse accordingly.

The banks index added 2.81 percent on Wednesday, with Piraeus growing 4.24 percent and Eurobank adding 2.69 percent. OTE climbed 3.15 percent. Jumbo was the only large-cap to take losses (down 1.10 percent).

In total 69 stocks registered gains, 40 sustained losses and 29 remained unchanged.

Turnover amounted to 125.3 million euros, down from Tuesday’s 138.3 million.

ekathimerini.com , Wednesday Jul 2, 2014 (21:10)  
Bank of Cyprus shareholders approve 1 billion euro capital issue
Euro-area confidence falls as low inflation alarms ECB
Greek bank deposits rise for fifth straight month in July
Bad debt provisions hit Greece´s PPC first half net profit
Firefighter injured in Kastoria from exploding ordnance
A firefighter was undergoing surgery in Kastoria, northern Greece, on Thursday to remove shrapnel that became embedded in his rib area when a shell exploded in a blaze he was helping put out...
Ministers hold flurry of talks ahead of troika negotiations in Paris
With just a few days to go before a crucial meeting in Paris with troika representatives, Finance Minister Gikas Hardouvelis launched a flurry of meetings with key cabinet colleagues on Thur...
Inside News
SOCCER
Ranieri brings in new faces for his first Greece squad
New Greece coach Claudio Ranieri announced Wednesday a 24-man squad for the first Euro 2016 qualifier against Romania at home on September 7. Earning a first time call up were Olympiakos 21-...
SOCCER
Roma signs Greece defender Manolas from Olympiakos for 13 mln
Greece international Kostas Manolas has joined Roma on a €13 million ($17 million) transfer from Olympiakos, as coach Rudi Garcia looks to strengthen his worrisome defense before Serie A sta...
Inside Sports
COMMENTARY
The Lotus-Eaters
Turkey, a country branded by some as undemocratic and maladjusted by European standards, recently elected a new president – Recep Tayyip Erdogan – in a vote that was transparent and with a c...
EDITORIAL
A good start for culture
It took decades for a decision as obvious as keeping Greece’s most popular museums and archaeological sites open all day and all week to be reached and acted on, and now we are beginning to ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Bank of Cyprus shareholders approve 1 billion euro capital issue
2. Firefighter injured in Kastoria from exploding ordnance
3. Euro-area confidence falls as low inflation alarms ECB
4. Greek bank deposits rise for fifth straight month in July
5. Ministers hold flurry of talks ahead of troika negotiations in Paris
6. Bad debt provisions hit Greece´s PPC first half net profit
more news
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. Greece to relaunch tender for mutual horesebetting license
3. Venizelos invites Simitis and Papandreou to PASOK 40th anniversary event
4. Eurozone bond yields hold at record lows after Spain inflation
5. EU's Frontex to take lead from Italy in Mediterranean immigration crisis
6. Bad debt provisions hit Greece's PPC first half net profit
Today
This Week
1. Brussels warns Greece over plans to allow construction near Korinos beach
2. Logged out of reality
3. Merkel cites euro’s ‘construction flaws’ as economy sputters
4. Attack on gay couple in Athens leaves one man needing surgery
5. Second man held over double murder in Mani
6. Purification rituals
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.