2024-08-28 21:29:34
The image of stagnation of the last few days is maintained by the Athens Stock Exchange, which is waiting for the return of investors from the beaches to start taking… forward.
For eight consecutive sessions (since 8/16), the General Index has been trading at a narrow range of fluctuations, which extends from 1,425 to 1,437 units. That is, in just 12 units.
At the same time, the daytime ones changes of the main stock market index are stubbornly fixed below 1%.
Stock Market – Shares: Who won and which…lost since this summer
And most importantly? With the exception of the meeting on August 16 (turnover over 100 million euros), in all the other trading turnovers are completely… disappointing.
So, the first thing that needs to change, so that we can see a better image on Athens Avenue, is the rewarming of investment interest, through improving daily transactions.
Thus, to implement a convincing upward breakout to the next resistances a bold increase in turnover to levels consistently above 100 million euros/day.
Turn to corporate
At the same time, as we get closer to September (just three sessions left for August), the news is getting richer and more interesting.
Kokkalis: The bet won, the big rally and the next day on Wall Street (?)
Yesterday, for example, Cenergy upgraded the targets for 2024, after the strong performance of the first half, while at the same time announced the implementation of AMC up to 200 million euros.
Today, it’s her turn Motor Oil to announce financial figures for the period, while tomorrow the Helleniq Energy and Austriacard.
And on Friday the restructuring of the MSCI indices with the delisting of Motor Oil from Standard Greece, which is expected to trigger capital flows.
Falling August
With only three meetings left before the end of the summer, the General Index losing 3.1% on August level. And this, despite the fact that it has recovered the losses from the plunge of August 5 (-6.2%)
Of course, the declining August does not negate the big picture, which remains highly satisfactory. It is no coincidence that, since the beginning of 2024, the performance of the main stock index stands at +10,7%.
On the Board of the Stock Exchange: Coca Cola’s 12, the loss in Intrakat and the 5-month lows in Sarantis
(The above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)