2024-09-26 05:32:22
The Athens Stock Exchange completed its 3rd consecutive bullish session today (25/9), maintaining the positive momentum of the current week.
The Greek market, in fact, ended at the highest point of the day, defending with the… above the critical limit of 1,450 units and confirming the attempt to terminate it prolonged stagnation of the last period.
Somehow, the General Index improved her 2024 performance at levels above +13%, which means that the current distance from this year’s “peaks” of 1,502 units has been “scissored” to just -3%.
And all this, while the eyes of investors remained focused on National Bank, where the HFSF will proceed next week to sell 10% to 12% of the shares (it controls a total of 18.3%), in the last round disinvestment of the public sector.
Specifically, in the third meeting of the week, Mr General Index he noted softly 0.55% increase and formed on 1,462.06 units, gaining about eight points from Tuesday’s close (1,454.10 points).
The arc of diurnal variations was set at 13 units (from 1,449.14 to 1,462.06 units), with the transaction turnover to range at 114 million eurosof which the EUR 7.0 million related to pre-agreed packages.
On the board, now, the National managed to extend to +9% the “climb” of the current week, reaching up to 7.8 euros, while the OTE “flew” to 22-month highs (15.8 euros). THE ADMIEat the same time, stood out at +2.6% and 2.3 euros, thanks to the satisfactory profits of the first half, but also to the wider developments with Cyprus.
Stock Exchange – ADMIE: The stock is at a 6-month high, the turnover is very high
Banks are on the rise
The banking index, which has its honor these days, continued the upward reaction, as a result of which it closed at +0.79% and 1,279 units.
Her stock National strengthened to +2.08% and 7.86 euros, its share Piraeus its share followed at +0.26% and 3.92 euros Eurobank ended at +0.39% and 2.078 euros, while its share Alpha remained stagnant at 1.62 euros.
The picture on the dashboard
In the large-cap index (+0.51% and 3,562 points), the shares of Viohalco and ELVALHALCOR they widened to +1.8% and +3.8%, respectively, with the latter climbing to 4-month highs. His share OTEat the same time, strengthened to +2.1% and 15.8 euros, reaching a 22-month high. At the same time, its stock Titan Cement jumped to a record of 34 euros (+1.4%). AIA and Motor Oil, for their part, they strengthened by at least 1%. On the contrary, the shares of Aegean and GEK TERNA were limited by 0.7%, with its share In Lam to fall to -0.5%.
As for the mid-cap index (+0.31% and 2,348 points), the stock of ADMIE stood out positively at +2.6% and 2.3 euros, receiving a boost from the satisfactory results of the first semester, but also from the positive developments in the Cyprus issue. His share PPAat the same time, climbed to +2.9% and 28 euros, while gains of at least 1% were also presented by the shares of EYATH, Thrace Plastics, Technical Olympiaki. Conversely, the shares of Profile, Quest and Dimand fell 0.7% to 0.8%, with its stock Intranets to lose 1.1%.
Overall on the stock market, 62 stocks advanced, 38 stocks declined, while 28 stocks remained unchanged. OR capitalization of the market ranged at 102.6 billion euros.
The highest turnover
- National +2.08% 31.2 million euros
- Piraeus +0.26% 12.2 million euros
- Motor Oil +1.44% 6.8 million euros
- OTE +2.19% 6.5 million euros
- OPAP +0.19% 6.3 million euros
The biggest rise
- Frigoglass +9.71% 56.6 million euros
- Attica Publications +6.18% 0.3 euros
- Alpha Real Estate +4.90% 5,545 euros
- Kepenou +4.90% 1,499 euros
- ELVALHALCOR +3.83% 537,592 euros
The sharpest bend
- Tria Alpha -9.21% 1,874 euros
- Minerva -4.13% 568 euros
- NAKAS -2.76% 959 euros
- GEVKA -2.44% 5,650 euros
- Iktinos -2.25% 104,495 euros
Ioannou: The counterattack with a “weapon” worth more than 3.3 billion euros and the +22% rally in the stock
3rd rise in a row
Solid… foundationsin order to “turn around” the game, the Athens Stock Exchange, which since the beginning of the week has clearly better picture.
With investors’ hopes buoyed, the General Index looks set to rally “end” to the stagnation of the previous weekswhile the daily turnover (finally) comfortably exceeds the limit of 100 million euros.
And this, reasonably, contributes decisively to breakdown of critical resistances of 1,450 units (for the first time since August 1), breaking out of the narrow range of 1,400 – 1,450 points (dominated for 29 consecutive sessions).
Somehow, the Greek market, having as an ally the historical highs abroad, is beginning to see the distance from this year’s “peaks” of 1,502 units “scissoring” to -3.4%, with performance of G.D. to exceed +12.5% since the beginning of the year.
Undoubtedly, the “X” factor of the period lies in the upcoming placement of the Nationalwith the HFSF hammering out 10% to 12% of the share capital (it controls 18.3%). The process, barring the unexpected, will run next week at a price that the market seems to agree with.
This is where the ongoing rally of the share is attributed, which from 7.18 euros has now climbed to 7.84 euros, recording jump of more than +9% in three sessions.
On the Board of the Stock Exchange: The pillar of the Greek National, the records at PPC and the new effort in Piraeus
This euphoria has benefited him all over banking industrywho sees the valuation improving and covering the lost ground of the previous weeks, also receiving support from introduction of the Bank of Cyprus.
At the same time, time is counting down for her expiry of the deadline for publication of the company figures for the first half of the yearwith most of the listed companies of the High Capitalization confirming the positive trend.
Early in the morning, his administration ADMIEin the shadow of the political agreement for the electric connection of Crete – Cyprus, announced the financial results of the first half of the year, while tomorrow it is the turn of the Terna Energy, Jumbo and EYDAP.
Small changes in Europe, Wall
Abroad, now, as US indices continue to tumble consecutive historical recordsits monetary stimulus measures central bank of China they come to provide an extra boost, maintaining the positive atmosphere.
Nevertheless, the pan-European STOXX 600 today it is marginally down at -0.18% and 518 points, with the German one DAX to fold from the “peaks” of 19,000 units (-0.49%). Small changes are also recorded by Wall Street, which yesterday “hit” new records.
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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)