The Daily Morning Stock Market Brief
World Financial News, Investing Reports and
the World Stock Exchanges
Updated Daily Between 09:00 and 10:00 AM Athens, Greece - Standard Time Zone: UTC/GMT +2

The Athens, Greece, Stock Exchange Holidays: 2009 | 2008 | 2007
Friday, 3
The Greek market closed 0.87% lower yesterday, still outperforming its European peers. The performance was led by the banking sector that lost 2.02%, whereas CCH gained 1.01%. Trading volume reached €152m. International markets declined as the weaker than expected US non-farm payrolls data increased concerns over the economic recovery. The ECB left the interest rates unchanged at 1.00%, as expected. Ahead of today's session, European markets are set to open flat, with investors keeping an eye on the Euro-Zone retail sales release. Note that the US exchanges are closed today. We expect a flattish start domestically as well.
Thursday, 2
The Greek market advanced 1.22% yesterday, driven by PPC (+6.80%) and Eurobank EFG (+4.67%). NBG (-2.27%) and Alpha Bank (-2.31%) were among the top underperformers. Trading volume stood at €187m. European markets finished higher, led by financials on optimism over Germany's bad bank plans. US indices also advanced, on a strong set of results from food and beverage stocks. Today, investors should focus on the ECB's interest rate decision (expected to keep rates flat) and a long set of macro data, like the US initial jobless claims and non-farm payroll reports.
Wednesday, 1
The Greek market ended 1.9% higher yesterday, significantly outperforming its European peers, with the banking sector gaining 2.84%, whereas OTE was down 1.62%. Trading volume stood at €193m. European markets fell sharply towards the end of the session on weaker that expected US Consumer Confidence. Today, we expect a positive start in the European markets with investors keeping an eye on the ISM Manufacturing data. We expect the domestic market to open flat to lower given yesterday’s outperformance.
Tuesday, 30
The Greek market ended slightly up (+0.19%) yesterday, underperforming its EU peers. Banks gained 3.48%, whereas OTE (ex div) and OPAP lost 5.22% and 4.38% respectively. Trading volume reached €155m. European markets advanced, as M&A speculation lifted the telecom sector. US stocks also closed higher, on gains from energy stocks amid higher oil prices. Today, European markets are seen opening flattish, with investors keeping an eye on the US consumer confidence and the Chicago purchasing manager releases. We expect a flat to higher opening domestically.
Monday, 29
The Greek market closed 0.66% lower on Friday, led by OPAP that lost 7.40%. NBG (+2.44%) and Hel Petroleum (+4.00%) were among the outperformers. Trading volume came in at €181.5m. Most international indices finished lower as well, following the weaker than expected US consumer spending data. Ahead of today's session, European markets are seen opening flattish. We expect the Greek market to open flat to lower.
Friday, 26
The Greek market finished 1.00% lower yesterday, led by banks (-2.43%), whereas OTE (+2.32%) outperformed. Trading volume stood at €160m. European indices declined, mainly driven by the banking sector. US markets advanced, on gains from retail stocks. Today, European markets are set to open higher, tracking gains in the US and Asia. The banking sector should be in focus after UBS's $3.5bn capital increase, while investors may keep an eye on the US personal income and spending data and the U. of Michigan confidence report. We expect a higher opening domestically as well.
Thursday, 25
The ASE Index closed 1.47% higher yesterday with Titan Cement (+4.43%) and Hel Petroleum (+4.12%) outperforming. Trading volume stood at €135m. European markets advanced, as the increasing metal prices led resource stocks higher. US bourses finished mixed though, giving up early gains, following the FED's decision not to raise its asset purchase program. The interest rates were left unchanged, as expected. Today, European markets are seen opening lower, with investors focusing on the US GDP and Initial Jobless Claims reports. We expect a flattish opening domestically.
Wednesday, 24
The Greek market closed 1.11% higher yesterday, outperforming its peers. OTE (+3.04%) and PPC (+5.19%) were among the top heavyweight gainers. Trading volume stood at €174m. International markets ended mixed, but little changed. In the US, the airline sector declined, after some negative news from Boeing, but was offset by gains from commodity stocks. Today, European markets are seen opening flat to higher, with US investors focusing on the FED's interest rate decision (expected to leave rates flat) and the new home sales data. We expect a similar opening domestically as well.
Tuesday, 23
The Greek market finished 4.05% lower yesterday, driven by banks (-5.91%), OTE (-4.93%) and PPC (-4.93%). Trading volume reached €159.5m. International markets also closed lower on worries over the economic recovery, led by financials and energy shares. Today, European bourses are seen opening lower, tracking losses in the US and Asia, with investors focusing on US home sales and EU manufacturing data.
Monday, 22
The Greek market ended 2.38% higher on Friday mostly driven by the banking sector that gained 3.71%. Trading volume reached €240m. European bourses also advanced while US markets were mixed with techs outperforming. Today, European markets are seen opening mixed on declining commodity prices. We expect a flat to lower opening in the domestic market with the banking stocks remaining in focus.
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