2024-08-26 22:03:29
The accumulation of the previous week continues today (26/8) on the Athens Stock Exchange, with buyers and sellers fighting for control of the symbol, remaining in the shadow of 1,440 units.
And the mood may have improved thanks to her clear signal Federal Reserve for impending rate cuts, but the growing tension in Middle East does not allow the assumption of unnecessary investment risk.
At the same time, within the week the publication of critical corporate figures begins, of which the results of Helleniq Energy, Motor Oil and Cenergywhile on Friday the restructuring of its indices follows MSCI.
In this environment, at the first meeting of the new week, Mr General Index marks marginal down 0.16% and is formed on 1,430.29 unitslosing about 2.5 points from Friday’s close (1,432.60 points).
The arc of diurnal variations extends over four units (from 1,430.06 to 1,434.90 units), with the transaction turnover to be around 3 million euros in the first 15 minutes.
On the board, now, the banks show marginal changes of less than 1%, while n Viohalco loses at least 2%, after being deleted from the FTSE Russell Large Cap. On the other hand, Elektor is further strengthened above 2.1 euros.
Banks stand still
The banking index is almost unchanged as it stands at -0.10% and 1,280 unitswith the result that the distance from this year’s highs of 1,354 points is set at -5.5%.
Her stock National retreats to -0.84% and 8.05 euros, its share Eurobank limited to -0.34% and 2.07 euros, its share Piraeus is stable at 3.896 euros, while its share Alpha increases to +0.25% and 1.593 euros.
The picture on the dashboard
In the high-cap index (-0.15% and 3,487 points), the share of Viohalco folds to -2.1% and €5.8, paying the marble for deletion from Large Cap and addition to FTSE Russell Mid Cap. At the same time, the shares of Coca-Cola and Aegean they lose from 0.6%. Instead, its stock Elektor expands to +1.9% and 2.1 euros. ELVALHALKOR, Sarantis and Jumbo they follow around +1%.
Regarding the mid-cap index (+0.44% and 2,275 points), the share of Intralot stands out positively at +3% and €1.18, after inclusion in the FTSE Russell Mid Cap index. By 2.5% and 1.5%, the shares of Intracom – EYATHrespectively. On the contrary, its share Lavipharm decreases to -1% and 0.84 euros.
Overall on the stock chart, 39 stocks are moving higher, 29 stocks are declining, while 19 stocks are unchanged. OR capitalization of the market ranges at 99.4 billion euros.
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Say goodbye to August
In his last week August enters the Athens Stock Exchange, with analysts hoping that the latest developments around US interest rates, the stabilization of the international environment and the gradual “rewarming” of domestic interest will help improve the investor psychology, who are fighting their own “battle” to “pick up” the current month’s losses.
Right now, and with five full sessions ahead of it until it hits headlines this summer, the General Index records losses of 3.1% compared to the close of July 31 (1,478 units).
However, things could clearly have been worse, considering her big sell off “Black Monday” of August 5, when G.D. sank by -6.27% in a few hours.
Since that day, the main stock index has been running a reaction rally by at least 6.7%which has brought this year’s average return of the domestic market back into double digits (+10.78%). This shows that, despite the so far stagnant daily trading turnover, the Stock Exchange is in trajectory of regaining his confidence.
“It is a positive sign for the maturity of the A.A. the quick recovery of the losses and the “page change” after the crash” comments o Petros Steriotiscertified analyst.
And all this, while we are a “breath” before we reach the “heavy” and full of news Septemberwhich will largely determine the medium-long term trend.
Definitely, a possibility exceeding 1,440 units will help improve sentiment, supporting a further rise towards the target of 1,478 points. On the other hand, the 1,400 units constitute the first “bulk” in case of a pullback, with moving average of the last 200 days (1,393 units) to coincide with basic support.
However, it is not excluded, as long as the surrounding atmosphere does not help, to see a preservation of the setting… stock-pickingrisk aversion and lack of “lively” interest, with the General Index continuing to rally around current levels, until there is a strong catalyst, which will change market momentum, leveraging fundamentals as well as attractive valuations.
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Within the week, however, the announcements of the listed companies for the financial results of the first semester begin again. From the calendar, undoubtedly, the publications of Helleniq Energy (29/8), Motor Oil (28/8) and Cenergy (27/8), which gather the most interest, especially if there is a revision of the guidance on the part of the administrations.
Also, at the end of the week, we have the restructuring of its indicators MSCIwith Motor Oil’s stock being downgraded by Standard Greece to Small Cap, which will lead to a minimal reduction of Greek stocks in the main index (from 10 to nine).
The image abroad
After the euphoria caused by the statements of its head Federal Reservewhich paved the way for the first rate cut since the pandemic, the tense atmosphere in the Middle East comes to “scissor” the buying moods of investors.
It is no coincidence that the pan-European STOXX 600 shows marginal changes, remaining in the area of 518 units, while the German one DAX loses 0.2%. On the other side of the Atlantic, her pre-contracts Wall Street portend a stabilizing start to the session.
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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)