2024-09-21 03:53:28
Without managing to change the short-term trend, another week ended on the Athens Stock Exchange, with investors indulging in selective positions, reluctant to take on additional risk.
In this way, Greek remained locked in the narrow range of 1,400 – 1,450 units for 28th consecutive sessionunable to escape from her current stagnation and her prolonged volatility.
Today, however, the interest turned to restructuring of the FTSE Russell indiceswith Cenergy to take her place Viohalco to the Large Cap and the last one (Viohalco) to enter the Mid Cap together with it Intralot. The rebalancingin fact, brought a jump in the value of transactions.
That was the result Athens to play… defense in international liquidations and end up with marginal losses -despite the fact that o STOXX 600 is currently down at least 1%. Of course, let’s not forget that yesterday the Greek market… he missed almost the whole party the reduction of American interest rates.
Specifically, at the last meeting of the week, Mr General Index noted small down 0.22% and formed on 1,425.19 unitslosing three points from Thursday’s close (1,428.39 points).
The arc of diurnal variations was set at 10 points (from 1,422.93 to 1,432.23 points), with the transaction turnover to range at 209 million eurosof which the 22.4 million euros related to pre-agreed packages.
At level weekincluding today, the change in the main stock market index amounted to +0,4%with September to remain marginally bearish against -0,4%.
On the board, now, the National Bank was at a new low of 1.5 months (7.1 euros), while the Motor Oil lost the support of 21 euros, approaching the lows of the year of August. “El. Venizelos” and Intralot lost from 1%, while the Methylene managed to recover the 34 euros.
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Bank losses
The banking index, unwilling to move to higher levels, folded back to -0.51% and 1,219 unitswith the upcoming placement in the National Bank being a permanent source of volatility.
Her stock EGEin more detail, was limited to -1.62% and 7.18 euros (1.5 month low), the share of Piraeus decreased to -0.52% and 3.80 euros, its share Eurobank traded at -0.25% and 1.987 euros, while its share Alpha increased to +0.19% and 1.595 euros.
The picture on the dashboard
In the high-cap index (-0.24% and 3,455 points), the share of Motor Oil shrank by 2.6% and was below the supports of 21 euros. By at least 1%, the shares of Coca – Cola, Autohellas and Sarantiswhile o AIA decreased by 0.9%, completing yet another negative session and closing at 7.5 euros. On the other hand, its stock Methylene earned 1% and returned more than 34 euros. Elektor and EYDAP increased by 1.3% and 2.6%, respectively.
Regarding the mid-cap index (+0.67% and 2,338 points), the share of Optima stood out positively at +2.7% and 13.3 euros, climbing to new historical highs. At the same time, the shares of Ideal and Questwhile the shares of Profile, Kri Kri and PPA they finished +0.7% to +0.9%. Instead, its stock Intralot retreated 1%, despite the addition to the FTSE Russell Mid Cap. Fourlis and Lavipharm were reduced by 1.3% and 2.4%, respectively.
Overall on the stock market, 45 stocks advanced, 49 stocks declined, while 25 stocks remained unchanged. OR capitalization of the market ranged at 98.1 billion euros.
The biggest turnover
- National -1.62% 42.0 million euros
- Eurobank -0.25% EUR 29.1 million
- OTE +0.65% 18.6 million euros
- Alpha +0.19% 14.6 million euros
- Metlen +1.06% EUR 11.7 million
The highest rise
- Jirakian +3.86% 307 euros
- Optima +2.77% 1.5 million euros
- EYDAP +2.66% 527,757 euros
- Quest +2.10% 189,698 euros
- ILYDA +1.85% 148 euros
The sharpest bend
- Attica Bank -5.17% 149,441 euros
- Vogiatzoglou -3.45% 2,190 euros
- Elastron -2.83% 7,675 euros
- Performance -2.82% 129,691 euros
- Motor Oil -2.61% 10.2 million euros
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Continuation to stagnation
Stagnant the Greek market remained this week as well, while the German one DAX and the American Dow Jones flew on Thursday to historically high levels, the Athens Stock Exchange was again “trapped” in introversion and apathy.
It is no coincidence that yesterday’s unbridled euphoria from the offensive Federal Reserve interest rate cut it just “touched” Athens, which continued its autonomous course prolonged stagnation and intense reticence.
Certainly, this underperformance in relation to abroad is related to the developments that follow in the next period, given that the market must find liquidityin order to “cover” the introduction of the Bank of Cyprus, the placement of the HFSF in National, but also the AMC of Cenergy.
At the same time, while strong corporate profitability has already been discounted, h absence of new “catalysts” plays a significant role in this lateral movement of the General Index, which for 28 consecutive meetings moves in the range of 1,400 – 1,450 units.
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Assimilation of records
After yesterday’s strong gains, the pan-European STOXX 600 is in a hurry to absorb the gains, as a result of which it folds to -1.35% and 514 points. THE DAX in Frankfurt, for its part, it falls by 1.30%, remaining, however, close to historical highs.
On the other side of the Atlantic, o Dow Jones limited by 150 units, “falling” from the records of 42,000 units. A decline of 0.5% is also shown by S&P 500 – Nasdaq. Of course, on a weekly basis, the change for the American indices is positive.
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(The above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)