2024-07-12 10:22:39
Pyrrhus proved to be the win for buyers in the Athens Stock Exchangeas countervailing forces did not allow it recovery of 1,450 unitsin a meeting high volatility and low risk.
Despite the fact that the inflation in the US “braked” to 3% in June, giving impetus to the foreign markets, Athens failed to follow, due to the increased pressures on index-weighted stocks.
On the other hand, however, the A.A. he didn’t lose his… temperas he found the necessary supports to keep the positive sign and maintain the distance safety from critical supports of 1,400 units.
In this context, during today’s meeting, Mr General Index scored marginal up 0.11% and formed on 1,445.91 unitsgaining just 1.5 points from Wednesday’s close (1,444.31 points).
The arc of diurnal variations was set at eight points (from 1,442.68 to 1,450.58 points), with the transaction turnover to range at 85 million eurosof which 6 million euros related to pre-agreed packages.
On the board, now, her stock Jumbo slipped by at least 4%, after revising forecasts for this year’s profitability to the lower end of estimates (8%). From the other side, National and OPAP supported the market, increasing by 1.5% and 2.4%, respectively, while the Lamda Development “flew” to 12-month highs.
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Positive signs for the banks
The banking index returned to positive territory, ending at +0.63% and 1,266 units, narrowing the distance from recent highs to -6%.
Her stock National increased to +1.58% and 7,984 euros, its share Piraeus followed at +0.55% and 3.67 euros, its share Eurobank traded at +0.29% and 2.075 euros, while its share Alpha Bank remained unchanged at 1.64 euros.
The picture on the dashboard
In the high-cap index (+0.01% and 3,513 points), its share Jumbo shrank to -4.19% and 25.1 euros (6-month low), as management estimates increased inwardness, after yesterday’s pressures from the dividend cut. Its share also fell by 3% Coca Colawith the Elektor to fall to -2.4% and 2.5 euros. On the contrary, its share In Lam jumped to +4.5% and 7.3 euros (12-month high), thanks to the upside margin seen by AXIA (+65%). Titan – PPC – OPAP strengthened by more than 2%, while Aegean “flew” to +1.9% and 12.1 euros (1.5 month high), boosted by improved passenger traffic.
Regarding the mid-cap index (+0.17% and 2,311 points), the share of Lavipharm jumped to +3.6% and 0.94 euros, supported by the management’s optimistic estimates. THE ADMIE followed at +2.4% and 2.3 euros, while the shares of PPA, Intralot, EYATH and Ideal closed over +1%. Instead, its stock Fourlis retreated to -1.8% and 3.9 euros, with Intranets and Optima to lose by at least 1%.
Overall on the stock market, 55 stocks advanced, 42 stocks declined, while 24 stocks remained unchanged. THE capitalization of the market ranged at 100.4 billion euros.
The highest turnover
- National +1.58% 10.1 million euros
- Piraeus +0.55% 7.7 million euros
- Jumbo -4.19% 7.3 million euros
- OTE -0.21% 5.5 million euros
- Metlen -0.76% EUR 5.3 million
The biggest rise
- MIG +6.30% 88,283 euros
- Lamda +4.58% €2.7 million
- Lavipharm +3,61% 285.570 ευρώ
- Mermeren +2.94% 4,886 euros
- Kecrops +2.55% 28,583 euros
The sharpest fall
- Progressive -9.85% 3,187 euros
- BIOTER -4.35% 1,233 euros
- InterTech -4.26% 6,649 euros
- Jumbo -4.19% 7.3 million euros
- Moda -3.66% 3,371 euros
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A lackluster session on the Stock Exchange
Her composure still maintains the Athens Stock Exchange, which today may not have shone and under-performed in relation to abroad, but it continues to be in a safe distance from the critical supports of 1,400 units.
Having not returned to the area around him moving average of the last 50 days (1,450 units), the General Index is now just off 6% from this year’s peaks of 1,502 unitsshowing a return of over 12% through 2024.
And all this, while the interest of investors is gradually moving away from them French political developments, which undoubtedly helps to improve the short-term trend. This, in fact, is reflected mainly in the markets of Europe.
Today, meanwhile, international attention turned to the evidence for him inflation in the USwhich slowed to 3% in June from 3.3% in May, boosting expectations for cut in US interest rates next September.
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“In the current challenging international policy and interest rate climate, select listed companies continue to shine amid expectations of continued high profitability, which attracts investors based on fundamentals such as net cash flow and estimated P/E” comments the experienced analyst Petros Steriotis.
As for the board, after yesterday’s cuts of dividends to Helleniq Energy, Jumbo and Piraeusthe interest focused on the stock of Attica Bank, which in recent days has caught fire, thanks to the agreement for AMK and the merger with Pankratria of Baku – Kaymenaki – Exarchou.
Her stock was also in the spotlight Jumboas yesterday the management placed the basic forecast for the change in this year’s turnover and this year’s profitability in lower end of the initial estimate between 8% and 10%.
From there on, tomorrow the German house SCOPE -the first to bring the country back to order investment grade– will publish the next report on the Greek economy, with the realistic expectation of Athens regarding it possible outlook upgrade in positive.
Profits in Europe, record on Wall
Abroad, now, in the wake of positive US inflation data, European indexes are showing modest gains, with STOXX 600 to be located at +0.67% and 519 unitscontinuing the relatively satisfactory picture of the last few days.
At the same time, the indicators on the other side of the Atlantic Ocean are moving in positive territory, where the S&P 500 heading for her 8th consecutive bullish sessionpaving the way for one more historical high. By approximately 100 units, the Dow Jones.
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(The above is a product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)