2024-09-04 14:17:34
The Athens Stock Exchange managed today (3/9) to remain within a shooting distance of 1,450 units, with selective placements absorbing the growing external pressures.
In fact, the Greek market, having made one satisfying “buzz” in Septemberretained the relatively autonomous course against the international stock markets, which continue in bearish territory in anticipation of the critical ones macroeconomic variables in the US.
And all this, while in Athens we expect more and more catalysts during the month, with the Moody’s verdict on September 13 to stand out and have a role… game changer for the short-medium term trend.
Specifically, at second meeting of the weeko General Index stayed almost unchanged (-0.01%) and was formed on 1,446.09 units, i.e. the same as Monday’s closing (1,446.17 units).
The arc of diurnal variations was set at six points (from 1,444.48 to 1,450.42 points), with the transaction turnover to range at 85 million euros, of which 19.4 million euros related to pre-agreed packages.
On the board, now, Piraeus and National they lost from 1%, with the former falling back below 4 euros. A 1% drop was also shown by OTEwhile the Motor Oil increased by 2% and exceeded 22 euros. Special mention should be made to ADMIEwhich “jumped” to 2.2 euros, thanks to the positive developments in the issue of Cyprus.
Stock market: Rally for ADMIE, the best session since April
Bank losses
The banking index not only failed to approach the 1,300-point zone, but ultimately ended at -0.64% and 1,274 units, negatively affecting the entire market.
Her stock Piraeus its share fell to -0.92% and 3,983 euros National folded to -1.08% and 7,892 euros, its share Eurobank traded at -0.68% and 2.05 euros, while its share Alpha increased to +0.19% and 1.579 euros.
The picture on the dashboard
In the high-cap index (-0.24% and 3,511 points), the share of Sarantis widened to +4.4% and €10.7, boosted by improved half-year profitability. Motor Oil and Autohellas followed at +2%, while the shares of Lamda, Aegean (announced investment in Volotea) and EYDAP closed at +1%. On the contrary, its share Cenergy was reduced by 1.6%, with OTE to fall to -1.1%. His share OPAPwhich today will announce second-quarter figures and the 2024 interim dividend, fell 0.3% but defended 16 euros.
As for the mid-cap index (+1.05% and 2,337 points), the stock of ADMIE stood out at +4.4% and 2.21 euros (high of one month), thanks to the looming agreement for the electric connection of Crete – Cyprus. Its share also increased by 2.6% HE HAS. At the same time, the shares of PPA, Kri Kri, Intracom, EYATH, AVAX and Profile increased by more than +1%. Instead, its stock Austriacard lost 1.6%. Special mention should also be made to Attica Bankas the approval of the merger plan with Pancreatia led to +18% and 9.8 euros.
Overall on the stock market, 58 stocks advanced, 47 stocks declined, while 18 stocks remained unchanged. OR capitalization of the market ranged at 100.1 billion euros.
The highest turnover
- Piraeus -0.92% 13.1 million euros
- National -1.08% 10.6 million euros
- Motor Oil +2.03% 9.9 million euros
- Terna Energy +0.52% 9.2 million euros
- Eurobank -0.68% 7.2 million euros
The biggest rise
- Attica Bank +18.31% 91,948 euros
- Akritas 9.88% 439 euros
- SATO +8.93% 91 euros
- Centric +7.08% 133,534 euros
- Minerva +5.36% 336 euros
The sharpest fall
- Interwood -8.63% 523 euros
- Tria Alpha -6.27% 898 euros
- Vogiatzoglou -2.50% 234 euros
- Kecrops -2.29% 14,025 euros
- Lanakam -2.17% 3,662 euros
Livanis: The last page of a… best seller on the A.A
A positive start in September
A better picture compared to abroad was presented today by the Athens Stock Exchange, which remains a “breath” away from the 1,450 unitswhich are ignored from August 1, 2024
The positive start in September acts as an optimistic omen for the future, given that the Greek market has managed to become independent from the international downward climate and to maintain comfortably over 1,440 units (one month high).
Of course, again the big thorn is the low daily turnoverwhich is far from the psychological limit of 100 million euros. It is clear, however, that the “full” September provides the conditions for the daily value of transactions to “rise” significantly.
Apart from corporate sizes and upcoming ones reductions in interest rates of central banks, the current month is extremely important for the assessment of the Greek economy, with the houses DBRS and Moody’s to publish the established reports for the country.
Vakakis: The big loser (?) of the summer – The loss of 1 billion euros in less than four months
At the same time, these days the processes for the latest disinvestment wave of the HFSF in National Bankwhile not forgetting the wedding on the one hand Attica Bank – Pankritias, on the one hand her upcoming introduction Cyprus Street on Athens Avenue.
Whether all this will translate into a new upward movement of the General Index towards the year highs of 1,502 units remains to be proven in practice. However, let’s not forget that traditionally o September is a… negative month for investors, with Athens recording losses throughout the previous three years.
Fall in Europe, Wall
Abroad, now, the European markets continue to yesterday’s lazy picturewith STOXX 600 to decline to -0.59% and 521 points, remaining, however, at a short distance from the recent historical highs. A drop of 0.6% is also shown by DAX in Frankfurt.
As for Wall Street, which was closed yesterday for the Labor Day holiday, o Dow Jones loses about 350 units, while o Nasdaq slipped 1.3 as investors await key labor market data.
On the Stock Exchange Board: The… curse that broke in Piraeus and the 13-month highs in OTE
(The above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)