Local shares and GGBs rose on optimism nation may be moving towards a strategy that would help unlock funding needed to avert a default. Maybe a 1st sign of compromise from the Greek government.
Reportendly, Officials led by PM Tsipras, will present a revised list of government reform proposals to a euro-area meeting on Wednesday.
Local index trades on a narrow range on Monday, while Piraeus Bank trades higher for 4th straight day. Jumbo and Titan Cement underperform, heading 2.27% and 2.17% lower. Transaction activity is rather modest, at 16.5 million euro. On mid caps, Plaisio trades ex capital return today, of 0.50 euro per share.
After Friday´s confrontational Eurogroup meeting, Alexis Tsipras has become personally involved in the negotiatons, in an attempt to re-establish a line of communication with Angela Merkel. Yesterday, during a phone conversation, the two leaders agreed to remain in touch for the duration of the tecnhical negotiations and until an agreement has been reached.