2024-06-07 07:10:25
Proceed to upward response gave the Athens Inventory Alternatewith patrons to dominate for the second consecutive day and lead the Normal Index greater than 1,450 models, in a primary try to cease the side-down motion.
As catalysts of the constructive motion labored on the one hand the banking euphoria for the distribution of dividendson the one hand the historic one discount of rates of interest by the European Central Financial institution (the primary since 2019), which paves the way in which for extra risk-taking.
Someway, the Greek market managed to “scissors” about -3% the gap from current highs of 1,502 models, confirming that it has the momentum to place a ‘brake’ on the method “digestion” of the final weeks.
Extra particularly, throughout at present’s assembly, Mr Normal Index he famous gently up 0.63% and shaped – though removed from the excessive of the day – at 1,452.85 modelsgaining 9 factors from Wednesday’s shut (1,443.74 factors).
The arc of diurnal variations was set at 11 models (from 1,452.81 to 1,463.47 models), with the transaction turnover to vary at 126 million eurosof which 30 million euros associated to pre-agreed packages.
On the board, now, financial institution shares had been the primary “protagonists”, with Eurobank and Piraeus stand out greater than 1.5%. THE Terna Poweradditionally strengthened by roughly 2%, whereas o OTE adopted at +1.2%.
Inventory market: Terna Power climbs to the highs of the 12 months
Banks achieve 1.6%
The banking index was boosted by the regulators’ inexperienced gentle on proposed 2024 dividends – the primary in 16 years – to finish at +1.61% and 1,274 models. This introduced the entire to a two-day achieve of greater than +3%.
Each day, its inventory Eurobank climbed to +2.26% and a pair of.079 euros, its share Piraeus elevated to +1.64% and three,785 euros, its share Nationwide Financial institution closed at +1.47% and eight,026 euros, whereas its share Alpha Financial institution moved to +0.85% and 1.5935 euros.
The image on the dashboard
Within the high-cap index (+0.80% and three,520 factors), its share Terna Power climbed to +1.78% and 18.82 euros, amid the eventualities for the sale deal of the bulk bundle. The shares additionally confirmed features of over 2% Motor Oil – Helleniq Powerwhereas the shares of OTE and Cenergy elevated by at the least 1%. Quite the opposite, the shares of Quest – EYDAP – Lamda – Autohellas fell greater than 1%, with Titan, GEK TERNA, Mytilineos and OPAP to fold near -1%.
Relating to the mid-cap index (-0.02% and a pair of,340 factors), the inventory of EYATH stood out positively at +2.6% and three.1 euros, with the shares of Technical Olympiaki, Lavipharm and Fourlis to develop by roughly 1.5%. Quite the opposite, its share Cree – Cree shrank by 1.8%. The shares of Intracom, AVAX and Premiawhich “minimize off” the best to the dividend.
Total on the inventory market, 47 shares superior, 57 shares declined, whereas 17 shares remained unchanged. THE capitalization of the market ranges at 100.8 billion euros.
The very best turnover
- Piraeus +1.64% 36.4 million euros
- Eurobank +2.26% EUR 14.8 million
- Alpha +0.85% €14.1 million
- Nationwide +1.47% 11.9 million euros
- Mytilineos -0.81% EUR 6.7 million
The most important rise
- Moda +9.58% 14,690 euros
- Kecrops +4.64% 26,099 euros
- Attica Group +4.39% 23,785 euros
- Minerva +2.64% 848 euros
- EYATH +2.60% 34,189 euros
The sharpest fall
- Leventeris (P) -7.55% 917 euros
- Caressed -5.38% 95 euros
- CPI -4.01% 2,044 euros
- Nakas -3.55% 1,022 euros
- Vogiatzoglou -3.36% 16,180 euros
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Improved funding local weather
On constructive floor for second consecutive day managed to shut the Athens Inventory Alternate, with patrons to return to the foreground and obtain the minimal goal of the direct restoration of 1,450 models.
Yesterday, the Normal Index took its first response step in current occasions lows of 1,424 models (1.5 month low), whereas at present the upward momentum was consolidated, with banks to stay the main focus of curiosity.
And that is primarily as a result of her approval distribution of this 12 months’s financial institution dividends by the European supervisory authorities. Someway, the market appears to be setting a primary base for its resistance side-down motion of the previous few weeks.
Let’s not overlook that liquidations began after Could 20 and after the Normal Index had end at 1,502 models and on the highest ranges of the final 13 years. A managed one has since adopted assimilation of the acquired, with the market “digesting” the large features of the final interval and the entire folding of the Normal Index reaching as much as -5%.
THE common of the final 50 days, which constitutes the primary help level, is positioned at 1,436 factors, whereas the typical of the final 200 days follows at 1,327 factors. Key resistances stay at 1,500 models.
Income after ECB
Overseas, now, buyers are speeding to greet her first minimize in European rates of interest since 2019in a historic transfer to ease tight financial coverage, which had been put in place by the ECB because of the explosion of inflationary threat.
Her speech was additionally of nice curiosity Christine Lagardefor the reason that French economist kept away from committing to additional reductions by the top of 2024, as soon as once more kicking the ball into the macroeconomic knowledge path.
On this context, the pan-European STOXX 600 strengthens to +0.61% and 524 models, with the German DAX to extend by 0.5%. On the opposite aspect of the Atlantic, Dow Jones earns about 150 factors, whereas o S&P 500 stays inside putting distance of all-time highs.
On the Inventory Alternate Dashboard: The 9-month rally in OPAP and the low cost in Intralot
(The above is the product of journalistic analysis and doesn’t represent an invite to purchase, promote or maintain any inventory)