The first session of the Eurogroup meeting in Brussels ended on Thursday, following a discussion on the Greek economy. According to a Finance Ministry source, the finance ministers of the Eurozone hailed last Saturday's technical staff agreement in Athens between Greece and the institutions.
Greek stocks remained under strong pressure pushing the general index of the market to its lowest levels since mid-December 2017. Selling activity focused on Folli Follie’s shares (-24.88 pct) and bank shares.
The June contract on the FTSE/ASE Large Cap index was trading at a premium of 0.07 pct in the Athens Derivatives Exchange on Thursday. Volume on the Big Cap index totaled 2,428 contracts with 9,497 open positions in the market.
Buyers returned in the Greek bond market on Thursday and helped in a recovery of bond prices. Traders said, however, that market sentiment in all bond market remained volatile because of political developments in Italy.
Greece has shown that it respects its agreements and now it is the turn of the country's partners to respect what they have agreed upon, said European Union economy commissioner Pierre Moscovici going into Thursday's eurogroup meeting.
An agreement on the Greek debt relief is possible by June's Eurogroup, French Economy and Finance Minister Bruno Le Maire said on Thursday shortly before today's Eurogroup.
The Greek state budget showed a primary surplus of 2.286 billion euros in the January-April period this year, from a budget target for a primary surplus of 374 million euros and a primary surplus of 1.726 billion recorded in the same period…
Equity prices were rising on Thursday on the Athens Stock Exchange (ASE), with the basic share price index up 0.60 percent standing at 789.67 points at 11.05 am and turnover at 3.85 million euros.
ElvalHalcor on Wednesday announced a 14.2 pct increase in its consolidated turnover to 528.2 million euros in the first quarter of 2018, form 462.6 million in the same period last year, reflecting a 7.2 pct rise in the volume of sales.
The June contract on the FTSE/ASE Large Cap index was trading at a premium of 0.24 pct in the Athens Derivatives Exchange on Wednesday. Volume on the Big Cap index totaled 1,207 contracts with 9,374 open positions in the market.