2024-08-28 12:25:32
Selective buying movements are recorded today (28/8) on the Athens Stock Exchange, with investors indulging in cautious placements, remaining firmly in the antechamber of 1,440 units.
The corporate ones financial results of the first semester and the upcoming one restructuring of the MSCI indices (deletion of Motor Oil from Standard Greece) are the main events of the current week, which give… “bread” to the buyers.
On the other hand, of course, the Greek market is still looking for one strong and dynamic catalyst, who will overthrow her picture of stagnation in recent days and which will allow an upward breakout.
In this environment, the General Index notes small up 0.41% and is formed on 1,438.29 unitsgaining about six points from Tuesday’s close (1,432.46 points).
The bow of daily fluctuations extends over four units (from 1,434.01 to 1,438.81 units), with the transaction turnover to fluctuate just at 2 million euros in the first 15 minutes.
On the board, now, the Coca-Cola continues its return to the 4-year high of 34 euros, providing support to the rest of the market. Methylene and PPC are strengthened by 1%, while Cenergywhich yesterday announced the execution of AMC, is slightly down to 9.5 euros (it was preceded by a fall of more than 3% on Tuesday).
Bank stagnation
The bank index, for one more session, is stagnant at current levels, as a result it moves to +0.14% and 1,283.60 units.
Her stock Piraeus increases to +0.64% and 3.905 euros, its share Alpha its share follows at +0.16% and 1.5925 euros Eurobank is unchanged at 2.10 euros, while its share National is limited to -0.40% and 7.988 euros.
The picture on the dashboard
In the high-cap index (+0.44% and 3,506 points), its share Coca-Cola climbs to +2.5% and 32.8 euros, in an attempt to return to this year’s highs. Viohalco, Sarantis and PPC are strengthened by at least 1%, while its share Methylene earns 0.6%. On the other hand, its stock Cenergy loses marginally 0.2%, after the signal for AMK up to 200 million euros. Her stock EYDAPat the same time, folds to -1.4% and 5.4 euros.
Regarding the mid-cap index (+0.04% and 2,282 points), the stock of Ideal tries to stand out at +1% and 5.8 euros, while close to +1% the shares of Austriacard – Lavipharm. From then on, the shares of ΕΧΑΕ, Intracom, Intralot, Intrakat and Dimand increase by 0.5%. Instead, its stock EYATH decreases to -0.6% and 3.2 euros.
Overall on the stock market, 45 stocks are moving up, 17 stocks are declining, while 13 stocks are unchanged. OR capitalization of the market ranges at 99.7 billion euros.
Stock Market – Shares: Who won and which…lost since this summer
Image of stagnation in the Stock Exchange
The image of stagnation of the last few days is maintained by the Athens Stock Exchange, which is waiting for it 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 fluctuationswhich ranges 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%.
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.
At the same time, as we approach him September (only 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.
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%.
Day.. Nvidia abroad
With the event of the day concerning its financial figures Nvidiawhich will be announced late in the evening, investors continue selective buying moves, which sustain the Dow Jones at historically high levels.
More specifically, its pre-contracts Wall Street they show a stabilizing opening for today’s session. In Europe, which opened a while ago, the STOXX 600 gains +0.24% and reaches 520 units, with Dax in Frankfurt to increase by 0.3%.
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)