2024-09-27 15:40:27
Stagnation prevails today (27/9) in the Athens Stock Exchange, with investors indulging in cautious positions, digesting the big gains of the current week.
In a way, the Greek market is maintained in the region of 1,470 unitswhile the climate abroad remains supportive, given that the Wall Street flies from record to record and o DAX in Frankfurt he continues to constantly pierce his ceiling.
Investors’ attention, no doubt, is on the satisfactory corporate figures of the first semesteras well as expectations for the future placement at National Bank. Two factors that have brought this year’s average back performance at +13.7%.
Specifically, at the last meeting of the five-day week, Mr General Index marks marginal down 0.06% and is formed on 1,470.35 unitslosing less than one point from Thursday’s close (1,471.26 points).
The arc of diurnal variations extends over five units (from 1,469.15 to 1,474.34 units), with the transaction turnover to range at 48 million eurosof which the 16.8 million euros concern pre-agreed packages.
On the board, now, the Titan Cement continues to climb to new all-time highs, strengthening above 35.5 euros. On the other hand, the shares of Eurobank, Alpha, Motor Oil and metlen fold by at least 1%.
Small losses for the banks
The banking index, having outperformed by +5.5% in the four-day week, shows signs of stagnation, resulting in -0.67% and 1,277 units.
Her stock Nationalfor which the placement offer book opens on Monday, marginally strengthens to 7.8 euros (+0.3%), while its share Piraeus its share falls to -0.53% and 3.929 euros Eurobank is trading at -0.99% and 2.103 euros, and its share Alpha is limited to -1.69% and 1.5975 euros.
The picture on the dashboard
In the high-cap index (-0.20% and 3,582 points), the share of Titan Cement jumps to +2% and 35.7 euros, marking a new historical high. The shares of Jumbo, Aegean and GEK TERNA. Instead, its stock Motor Oil loses 1.1% and falls to 21.3 euros. Stop in the series of six consecutive upward meetings is put by metlenwhich falls to -1% and 35.8 euros. Ellaktor, EYDAP and In Lam they lose from 0.8% to 1.3%.
As for the mid-cap index -0.14% and 2,346 points), the stock of Cree Cree remains at the historical high of 13.4 euros, despite the discount (-10%) of yesterday’s placement price for 3% of the share capital, which involved 1 million shares and was made at a price of 12 euros. From there on, the EYATH jumps 2.5%, o AVAX increases by 1.8% and demand up 0.5%, boosted by positive first half financial results. Conversely, the shares of Intracom and Technical Olympian they lose 0.9% and 1.6%, respectively.
Overall on the stock market, 38 stocks are moving up, 58 stocks are declining, while 16 stocks are unchanged. OR capitalization of the market ranges at 102.9 billion euros.
On the Stock Exchange Dashboard: Metlen’s streak, Eurobank’s climb and Aegean’s recovery
Earn 3% per week
In the last meeting of the week, shortly before the end of September, the Athens Stock Exchange enters today, wanting to continue the upward movement of the last few days.
The General Index, taking advantage of the euphoria abroad, where the markets are recording consecutive historical records, has managed to “escape” from the narrow range of 1,400 – 1,450 units, returning to area of 1,470 units (2-month high).
In fact, this ongoing upward movement, which already counts 4×4 positive sessions, is accompanied by a parallel recovery of daily value of transactionswhich now steadily exceeds the psychological and practical limit of 100 million euros.
It is no coincidence that Monday’s turnover was set at 125 million euros, Tuesday at 142 million euros, Wednesday at 110 million euros and Thursday at 137 million euros, leaving behind the cachet days of the previous weeks.
All this has brought this year back performance of the Greek market at +13.7%“scissoring” the current distance from the “tops” of 1,502 units (noted in mid-May) to just -2.2%. On a weekly basis, the change in G.D. exceeds 3.2%, while the increase in September amounts to +2.8%.
Certainly, the “X” factor lies in the imminent placement of the National Bankwith the HFSF putting up for sale 10% to 12% of the shares (it owns a total of 18.3%). The process will “run” next week and the last pending issue concerns the price, which, barring unforeseen circumstances, is estimated to be around 7.5 euros.
However, the bank’s share on the board shows a cumulative increase of almost 9% in the current week, “taking” a reaction to the lows of 7.1 euros and returning to 7.8 euros.
At the same time, attention is also placed on financial figures of the first semesterwith the publication deadline expiring on September 30.
Yesterday, TERNA – EYDAP – Jumbo announced highly satisfactory results, completing the cycle of Large Cap companies and confirming the bright prospects of 2024.
Today and Monday, the last days before the deadline, they take over listed of small and medium capitalization.
New records in the DAX
Abroad, now, the rally of international markets continues unabated, with several stock indexes in uncharted territory, thanks to expectations of further easing of monetary policy of central banks.
Today, indicatively, the pan-European Stoxx 600 strengthens to +0.35% and 527 units, with the German DAX to climb to the record of 19,375 units (+0.71%). Its futures Wall Streetat the same time, show a consolidating opening at current all-time highs.
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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)