2024-07-06 09:09:20
Even safer, as far as the critical supports of 1,400 unitscan now feel the Athens Stock Exchange, which widened the safety cushion, thanks to 3rd consecutive bullish session.
This resulted in the Greek market returning over 1,440 units -for the first time since June 12- bringing back this year’s performance at +11%. Yes, on a weekly basis, the increase exceeded +2.5%.
However, we must not forget that all this was done with particularity low turnoverwhile the political uncertainty in Europe does not favor taking big risks, especially while pending the second round of the French parliamentary elections.
However, it is clear that in the last few days the expectation has been cultivated non-formation of an autonomous government from the extreme right of Marine Le Pen, something that has rekindled the buyer morale.
In this context, the General Index noted cautiously up 0.33% and formed on 1,440.52 unitsgaining about five points from Thursday’s close (1,435.81 points).
The arc of diurnal variations was set at six units (from 1,436.45 to 1,442.11 units), with the transaction turnover to range just at 55 million eurosof which 2.9 million euros related to pre-agreed packages.
On the board, now, her stock Helleniq Energy stood out at +2% and returned more than 8 euros, while the National and Methylene registered an increase of around 1.5%, recovering 8.00 and 37 euros, respectively. It also returned to 6.2 euros Viohalco. On the other side, Jumbo – Aegean – PPC they folded between 1% and 1.5%.
Stock Market: Streak of 5 positive sessions for Helleniq Energy
Banks are on the rise
The banking index managed to stay in positive territory, supported by the upgrade from S&P. Thus, it was strengthened to +0.78% and 1,277 units.
Her stock National expanded to +1.46% and 8.064 euros, its share Eurobank followed at +0.66% and 2.132 euros, its share Piraeus ended at +0.33% and 3.66 euros, while its share Alpha Bank closed at +0.55% and 1.633 euros.
The picture on the dashboard
In the high capitalization index (+0.42% and 3,517 points), its share Helleniq Energy climbed to +1.9% and 8.08 euros, with its share Sarantis to jump to +5.4% and 11.6 euros. From now on, Viohalco and Methylene strengthened by 2.4% and 1.4%, respectively, while the shares of Autohellas, EΥΔΑΠ and Cenergy gained more than 1%. The latter, in fact, flew to a new historical high (9.96 euros). PPC, ELVALHALCOR, Lamda, Jumbo and Aegeaninstead, lost between 1% and 1.5%.
Regarding the mid-cap index (-0.09% and 2,278 points), the stock of EpsilonNet slipped to -2.2% and 12.02 euros, “picking up” the difference compared to the purchase price of the main shareholders (12 euros). By 1% the Intracom. On the other hand, its stock Ideal increased dynamically by 2.4%, while the shares of EYATH, Profile, Kri Kri and Olympic technique closed at +1%.
Overall on the stock market, 60 stocks advanced, 39 stocks declined, while 24 stocks remained unchanged. THE capitalization of the market ranged at 100.1 billion euros.
The highest turnover
- Eurobank +0.66% EUR 5.6 million
- National +1.46% 5.0 million euros
- Metlen +1.42% EUR 4.8 million
- Alpha +0.55% EUR 4.6 million
- OTE +0.59% 3.9 million euros
The biggest rise
- Minerva +21.30% 25,271 euros
- Mathios +6.58% 263 euros
- Sarantis +5.45% 287,178 euros
- ELIN +3.40% 108,974 euros
- LANAKAM +3.19% 550 euros
The sharpest fall
- Progressive -7.69% 5,061 euros
- Revoil -5.26% 91,945 euros
- Kyriakoulis -3.45% 5,013 euros
- Interwood -2.58% 30,291 euros
- Epsilon -2.28% 132,652 euros
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Confirm the supports
The eyes of the Athens Stock Exchange remained focused on Europe today, while investors rush to value the “heavy” political developments in the United Kingdom and France.
Yesterday, Britain handed Labor a historic victory – its biggest since 1997 – sending Chris Starmer in the prime minister’s seat and Rishi Sunak of the Conservatives in the opposition seat.
Analysts are optimistic that the return of Labor to power (for the first time in 14 years) could help improve relations between the UK and the European Union. And this is something that the market values positively.
At the same time, the time is counting down for the parliamentary elections in Francewith all opinion polls considering the possibility of forming an independent government from Marine Le Pen’s National Rally as difficult to unlikely.
This, although in the short term, causes a reliefhowever in the long run it creates several problems, as it is expected to intensify the deficit of governmental stability in No.2 economy of the Eurozone.
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All this, in any case, affects the Athens Stock Exchange, which managed to break through the upper term of the swing of the last weeks and return more than 1,440 units. This is the first step before the resistances of 1,450 – 1,460 units.
It is also important that the General Index once again confirmed the endurance of 1,400 unitsmanaging to build a minimum distance from critical supports.
It should be noted that, despite the recent folding of the General Index from peaks of 1,502 units (5/20), this year’s market performance is still in the range of double digit levels -and specifically at +11%.
Small fluctuations in Europe & Wall
Abroad, now, the pan-European STOXX 600 strengthens to +0.25% and 518 points, with the British one FTSE 100 marginally down 0.10% as investors weigh last night’s election result.
On the other side of the Atlantic, after the Independence Day holiday, its indicators Wall Street they note imperceptible fluctuations, with the S&P 500 to be maintained above the historical record of 5,500 units.
On the Stock Exchange Dashboard: The “fuel” for Intralot’s highs, the good image of OTE and the strange purchases at Epsilon
(The above is a product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)