2024-08-31 13:52:30
The value of today’s transactions on the Athens Stock Exchange soared, as the restructuring of the MSCI indices triggered a large wave of buying and selling in the final auctions.
Thus, Mr final turnover climbed into levels above 377 million eurosof which the 184 million euros related to Motor Oil (removed from MSCI Standard Greece), helping him General Index to close the meeting at highest point of the day (1,431 units).
Of course, this did not change the big “picture”, with the Greek market remaining locked in the narrow range of variation of the last two weeks (1,425 to 1,437 units), failing to break the resistors of 1,440 units.
More specifically, during today’s meeting, Mr General Index noted small increase of 0.30% and formed on 1,431.19 unitsgaining about 4.5 points from Thursday’s close (1,426.91 points).
The arc of diurnal variations was set at seven units (from 1,424.59 to 1,431.33 units), with the transaction turnover to range at 377 million eurosof which 17.3 million euros concerned pre-agreed packages.
On a weekly basis, the General Index remained almost unchanged (-0.1%), while for the total of the monthdespite the recovery from the August 5th sell off, the cumulative change proved negative by 3.1%.
On the board, now, the Motor Oil gathered all the eyes because of her exit from Standard Greecewhich caused a jump in daily volumes. The share price, despite the outflows, increased to +1.4% and 21.7 euros. On her part, Piraeus strengthened by 2%, while OPAP and OTE fell by 2% and 1.4%, respectively.
Stock market – Motor Oil: Waiting for the “explosion” in the value of transactions
Back to “green” for banks
The banking index managed to break the three-day losing streak, ending at +0.69% and 1,265 units.
Her stock Piraeus expanded to +2.17% and 3.908 euros, its share Eurobank followed at +0.68% and 2.064 euros, its share National traded at +0.36% and 7.858 euros, while its share Alpha limited to -0.87% and 1.5465 euros.
The picture on the dashboard
In the high capitalization index (+0.17% and 3,473 points), its share Motor Oil it increased dynamically by 1.4% and was at 21.7 euros, although intra-sessionally it reached up to 22 euros. For their part, the shares of Autohellas and Elektor “jumped” to +3%, with their shares Helleniq Energy and In Lam to +2% and +1.8%, respectively. GEK TERNA and EYDAP were strengthened by 1%. Instead, his stock OPAP lost 2% and folded to 15.6 euros. THE OTEat the same time, lost 1.4%, with Sarantis retreat by 2.5% and slip below 10 euros (6-month low).
Regarding the mid-cap index (+1.43% and 2,320 points), the share of Fourlis stood out at +3.4% and recovered to 4 euros, with the market positively valuing the agreement with Foot Locker. PPA, Intralot, Technical Olympiaki and Optima strengthened by at least 2%, while the shares of Trade Estates, Profile and Intranets expanded more than +1%. On the contrary, its share EYATH decreased by 0.9%.
Overall on the stock market, 53 stocks advanced, 39 stocks declined, while 18 stocks remained unchanged. OR capitalization of the market ranged at 99.2 billion euros.
The highest turnover
- Motor Oil +1.40% 187.6 million euros
- National +0.36% 36.1 million euros
- Eurobank +0.68% EUR 27.0 million
- Piraeus +2.17% 24.4 million euros
- OPAP -2.01% 14.9 million euros
The biggest rise
- Fourlis +3.46% €1.0 million
- Leventeris +3.45% 249 euros
- Intertech +3.28% 4,390 euros
- Autohellas +3.24% 179,354 euros
- Less +2.99% 369,583 euros
The sharpest bend
- Flexopack -3.18% 2,508 euros
- CPI -2.87% 15,179 euros
- Crete Plastics -2.72% 2,440 euros
- Sarantis -2.55% 809,979 euros
- OPAP -2.01% 14.9 million euros
Stock Market – Blue Chips: Which Stocks Haven’t Recovered from the August 5th Sell Off
August is “red”.
The Athens Stock Exchange said goodbye to a “red” August today (30/8), which saw 8th month of the year to “leave” with an additive a drop of -3.1%.
In fact, the picture for the Greek market could have been even worse, if we think about it extended sell off of August 5th, when the General Index “plunged” up to 1,341 units.
However, one intervened convincing recovery of 6.7%which allowed Athens to… breathe again and recover critical levels of 1,400 units -with the help, of course, of the positive climate abroad.
Motor Oil is out of MSCI
As for today’s session, all eyes were on restructuring of the MSCI indiceswith its share Motor Oil to be deleted from Standard Greece and added to Small Cap.
This development brought about launch of transactions in the final auctionsa fact which raised – even if artificially – the “suffering” and fixed turnover of daily transactions.
After removing Motor Oil, MSCI’s main index remains nine Greek shares. These are: Ethniki, Eurobank, Piraeus, Metlen, Alpha, OPAP, Jumbo, OTE and PPC.
Alexiou: The +900% rally in 4 years and the next… track for Cenergy
In addition to rebalancing, the financial results of the first half of the year were also in the focus of attention, with the Helleniq Energy and Austriacard to confirm in turn the positive momentum in the field of profitability.
Today, after the end of the meeting, its management will make an announcement of the six-month figures Intralot.
Nevertheless, the climate in the Greek market remains subduedwith the daily value of transactions – excluding today’s session – being maintained below the minimum target of 100 million euros.
OR lack of willingness to take unnecessary risk it is more than diffuse, with the General Index for two weeks being locked in one narrow range of fluctuations of only 12 points (1,425 to 1,437 units.
New records in DAX, Dow Jones
Abroad, now, after Eurozone annual inflation plunged to 2.2% (a three-year low), the STOXX 600 registers an increase of +0.26% and 525 units. In Frankfurt, not the index DAX it further improves yesterday’s all-time highs and reaches 18,958 points (+0.2%).
On the other side of the Atlantic, the satisfactory data for its favorite inflation indicator Fed (prices of personal expenses) help him Dow Jones to be maintained at record levels (41,414 units), with S&P 500 to gain 0.7% and the Nasdaq to strengthen by 1%.
On the Stock Exchange Board: The desperate attempt of Jumbo, the loss of “7” in Lamda and the “goodbye” of KREKA
(The above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)