Monday Jan 26, 2015 Search
Weather | Athens
15o C
9o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Confidence in buyback success sees stocks rise

Despite the fact that local bank stocks continued to slide for a third consecutive day, and the drops registered by the majority of foreign stock markets, the Greek bourse enjoyed a healthy rise at the end of the week, with over 100 stocks posting gains in anticipation of a positive conclusion to the government’s bond buyback program.

The Athens Exchange (ATHEX) general index ended at 840.73 points, up 1.09 percent from Thursday’s 831.70 points. The large-cap FTSE/ATHEX-25 index added 0.34 percent to end up at 292.89 points.

On a weekly basis the benchmark index added 3.90 percent, while the banks index grew by 4.45 percent.

The banks’ decision to participate in the buyback scheme resulted in losses such as Alpha’s 6.47 percent, Piraeus’s 5.82 percent and Eurobank’s 4.93 percent. On the other hand, Duty Free Shops led the blue chips, expanding by 10.38 percent, followed by Hellenic Petroleum (up 4.84 percent), Intralot (3.95 percent) and Public Power Corporation (3.78 percent).

Bank of Cyprus suffered losses of 2.79 percent on the revision of the Cypriot recession by the island’s central bank from 1.1 percent to 2.4 percent for this year.

In total 103 stocks posted gains, 40 took losses and 25 were unchanged.

Turnover amounted to 46.9 million euros, down from Thursday’s 100.2 million.

ekathimerini.com , Friday December 7, 2012 (22:32)  
European markets shake off SYRIZA win in Greece
IMF´s Lagarde rules out special treatment for Greece
Greek bank bonds slump after SYRIZA victory raises funding risk
Greek bonds slip on Syriza victory as ECB buying mutes contagion
Former PM Constantinos Mitsotakis recovering after heart surgery
Former premier and honorary president of New Democracy Constantinos Mitsotakis was on Monday fitted with a pacemaker after feeling unwell on Sunday and being hospitalized where doctors found...
Police publish name, photograph of suspected child molester
Police in Serres on Monday published the name and photograph of a 49-year-old man charged with raping and sexually assaulting children aged under 12. The man, identified as Giorgos Tsikos, w...
Inside News
SOCCER
Olympiakos overcomes depleted OFI at Iraklio
Easy though it may seem, Olympiakos’s 3-0 win at depleted OFI Crete was rather difficult on Saturday, but was enough to keep the Reds on top on Saturday, as they have maintained their two-po...
BASKETBALL
Tremendous Spanoulis sweeps Laboral Kutxa
A hot second half was enough for Olympiakos to undo visiting Laboral Kutxa and score its fourth win in as many games at the second round of the Euroleague on Friday. The 76-64 final score wa...
Inside Sports
COMMENTARY
SYRIZA´s win will test institutions
Greece was at an impasse, with a government that did not believe in what it was doing and an opposition that declared with passionate intensity that whatever the government did was wrong and...
COMMENTARY
The challenge for Tsipras and others
A few years ago, an associate of mine who had met with Alexis Tsipras when the young politician was running for Athens mayor told me how impressed he had been by his confidence. Tsipras was ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Former PM Constantinos Mitsotakis recovering after heart surgery
2. Police publish name, photograph of suspected child molester
3. Greek Elections 2015: The day after, Part 3 | LIVE
4. Europe warns Greece´s SYRIZA to stick to austerity
5. US looking to work closely with Greece´s left-wing SYRIZA
6. Greek Elections 2015: The day after, Part 2 | LIVE
more news
Today
This Week
1. SYRIZA heads for historic victory but without majority
2. Greek Elections 2015: The day after | LIVE
3. SYRIZA's win will test institutions
4. Tsipras forges anti-austerity coalition in challenge to EU
5. Finnish PM says ready to discuss bailout extension for Greece
6. Tsipras moves to form anti-austerity government after crushing victory
Today
This Week
1. Greek Elections 2015 | LIVE
2. Grexit the only way out of ‘valley of tears,’ says Hans-Werner Sinn
3. Greek Elections 2015 | LIVE
4. No debt writedown or rolling back of reforms for Greece, says Finland's Stubb
5. SYRIZA heads for historic victory but without majority
6. Greeks fork out nearly 5 pct of their incomes on telecom services
Advertiser Link
SMART WATER Project: Outputs and conclusions of the final conference
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.