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World Financial News,
Investing Reports,
the World Stock Exchanges and the
Daily Morning Stock Market Brief
Updated Daily Between 09:05 and 10:00 AM
Athens, Greece - Standard Time Zone: UTC/GMT +2
 
The Athens, Greece, Stock Exchange Holidays:
2008 |
2007
Friday, 09 - 09:19
The Greek market finished 0.13% higher yesterday, with OTE (+2.51%), Mytilineos (+4.49%) and Motor Oil (+1.31%) outperforming.Trading volume stood at 341m Euros. European markets ended mixed as BoE and ECB kept rates at 5% and 4% respectively (expected). US Bourses closed higher, led by gains in the mining and energy sectors amid higher commodity prices. Today, European markets are set for a lower opening, with investors keeping an eye on the US trade balance data. We expect a lower opening in the domestic market as well.
Thursday, 08 - 09:11
The Greek market ended 0.87% higher with NBG (+2.06%), OTE (+2.67%) and OPAP (+2.97%) posting strong gains, while Eurobank and Titan declined by 3.20% and 1.68% respectively following their earnings releases.Trading volume stood at 316m Euros. European markets also advanced driven by chemical and technology shares, while US markets fell sharply as oil prices hit record highs. Today, European markets are set to open lower, while US investors may keep an eye on the Initial jobless claims release. We expect a negative start in the domestic market as well with CCH being in focus.
Wednesday, 07 - 09:53
The ASE General Index ended 1.28% lower yesterday, mainly driven by NBG (-3.07%), Intralot (-7.69%) and CCH (-1.27%).Trading volume was only 293m Euros. European markets also finished lower on weak 1Q08 corporate earnings (Swiss Re and UBS). On the contrary, US bourses finished higher, led by gains in the energy and technology sectors amid rising oil prices and speculation that Microsoft may resume talks with Yahoo. Today, European markets are set for a flat to higher opening, after a positive finish in the US, with investors focusing on Euro-Zone retail sales data and corporate earnings announcements. Domestically, banks and Titan will be under the spotlight.
Tuesday, 06 - 09:05
The Greek market finished 0.57% lower yesterday, led by losses in the banking sector (-1.05%), while Titan Cement and Hel. Exchanges advanced 1.62% and 1.64% respectively.Trading volume was as low as 218m Euros. European markets ended mixed (UK was closed), driven by losses in the technology and telecom sectors after Microsoft withdrew its bid for Yahoo. US bourses finished lower on high oil prices and speculation that Bank of America may not proceed with the acquisition of Countrywide Financial Corp. Today, European markets are seen opening flat to lower, with investors keeping an eye on the Euro-Zone PPI release. We expect a flat to lower opening in the domestic market as well, in anticipation of the first 1Q08 results among Greek heavyweights (Eurobank and Titan Cement), after the market close.
Monday, 05 - 09:15
The Greek market closed 2.13% higher on Friday, mainly driven by banks (+3.98%) with NBG posting significant gains (+6.02%), while CCH lost 2.70%.Trading volume settled at 431m Euros (ex-MIG’s blocks). European markets also advanced, led by gains in the banking sector and better than expected US jobs data. On the other hand, US bourses ended mixed on high commodity prices. European markets (UK markets are closed today) are seen opening lower today. We expect a similar opening for the domestic market as some profit taking given Friday's gains can not be ruled out.
Friday, 02 - 09:26
The Greek market finished 2.24% higher on Wednesday, mainly driven by banks (+3.38%), OTE (+2.80%) and PPC (+2.19%), while Hel. Petroleum lost 2.61%.Trading volume reached 365m Euros. US bourses closed higher yesterday, led by gains in the financial and technology sectors, whereas most European markets were closed yesterday. Today, European markets are set for a higher opening, following a positive finish in the US and Asia, with investors focusing on US non-farm payrolls. In the domestic market we expect a similar start, while the overall sentiment remains positive.
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DISCLAIMER: This material is based on public information believed to be reliable and is presented in good faith. We cannot guarantee in any way its correctness, accuracy, or completeness. All information, opinions, estimates, forecasts and valuations contained herein, are subject to change without notice. This material is published for information purposes only and does not represent an offer to sell or a solicitation to buy an asset, security or financial instrument. Changes in interest rates or foreign exchange rates may affect the value and price of, or the income from securities or investment positions discussed herein. The assets, securities and financial instruments discussed herein, may not be suitable for all investors, depending on individual needs, objectives and financial conditions. Investors therefore should seek professional advice and exercise their independent judgement and make their own decisions. We accept no liability whatsoever for any direct or indirect loss arising from any use of this material. We, including our officers, personnel and related associates may have or had, for our own account, investment positions related to the material discussed herein, before, during or after the above material reaches you.
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