Greek stocks edge down 0.6 pct ending three-week rally

Economy Tags: Markets
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

The Greek equity market traded sideways falling by 0.6 percent this week and ending a three-week rally that led to cumulative gains of 17.5 percent. Following the voting of the multi-bill with prior actions on Thursday night, all eyes are now on Monday’s Eurogroup, which will discuss the conclusion of the second programme review, the fiscal path and debt relief-measures.

The general index of the Athens Stock Exchange landed at 784.17 on Friday with relatively small fluctuations within the week. Despite the small correction this week, Greek stocks have gained 10.1 percent so far in the course of May.

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