Saturday December 20, 2014 Search
Weather | Athens
17o C
10o 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)  
Workers rush to get early retirement
Piraeus Containter Terminal goes from strength to strength
Moscovici: Creditor inspections to become less frequent and ‘lighter’
Property capital gains tax halt
Environment Ministry to reconsider controversial bill
The government over the weekend appeared to backpedal on proposed amendments widely seen as compromising legislation protecting Greek forests as well as Plaka, Athens’s old quarter. The bill...
Corfu to host country’s first hydroplane strip
Merchant Marine Minister Miltiades Varvitsiotis and Deputy Infrastructure and Transport Minister Michalis Papadopoulos have signed a decision paving the way for the country’s first hydroplan...
Inside News
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
SOCCER
Abidal cuts short playing career at Olympiakos
Former France and Barcelona defender Eric Abidal announced his retirement from football on Friday, a day before his last match. Abidal said he will finish after playing for Olympiakos agains...
Inside Sports
COMMENTARY
The big picture
In his second term, US President Barack Obama is taking steps to enshrine his legacy and solidify America’s standing in the 21st century. His recent decision to normalize relations between t...
EDITORIAL
Get your facts straight
The danger that political discourse in Greece will sink to the basest levels of vulgarity is already more than apparent from the allegations we have heard bandied about over recent days. The...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Environment Ministry to reconsider controversial bill
2. Corfu to host country’s first hydroplane strip
3. Political upheaval sharpens after bribe claims with threats and insinuations
4. Police gets new communications system
5. Most Greeks say they recycle daily
6. Probe into revenues of 2 mln euros in Halkidiki municipality
more news
Today
This Week
1. The big picture
2. Get your facts straight
3. Probe into revenues of 2 mln euros in Halkidiki municipality
4. Changes on E9 property declarations possible until end-year
5. Corinth-Patra highway traffic to be diverted
6. Search under way for ‘mastermind’ of bank-scamming gang
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. Europe's drama in Greece needs final act to avoid tragedy
6. High stakes
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.