2024-08-02 09:55:43
With the… left he entered the August the Athens Stock Exchangewhich – although it closed far from the lows of the day – failed to follow up on Wednesday’s positive movedespite his generous dowry July (+5.2%) and his 7 months (+14.3%).
The concerns that prevailed abroaddid not allow buyers to remain in the driver’s seat, with investors rushing to register a part of yesterday’s earnings, having zero appetite for new risk.
And this, in fact, despite the fact that so far corporate figures of the first semester -mainly in the banking sector- continue to confirm the upward trend of listed companieswhich display high durability to external challenges.
More specifically, at the first meeting of the new month, Mr General Index noted small down 0.25% and formed on 1,474.44 unitslosing about four points from Wednesday’s close (1,478.17 points).
The arc of diurnal variations was set at 16 units (from 1,463.98 to 1,479.01 units), with the transaction turnover to range at 98 million eurosof which 7 million euros related to pre-agreed packages.
On the board, now, the interest focused on Piraeus, which “jumped” to +3% and recovered above 4 euros. On the other hand, National Bank, despite strong financial figures (profits of 670 million euros), it fell by 1.5% and lost 8 euros. THE PPCat the same time, lost at least 2%.
Stock market: A “breather” from 4 euros for Piraeus – the capitalization “touches” 5 billion euros
Piraeus “kept” the banks
The banking index was almost unchanged at +0.13% and 1,306 unitsas the profits of Piraeus absorbed the shocks at Ethniki – Alpha, amid the satisfactory results of the first semester.
Her stock Piraeusin particular, increased to +3.18% and 4.02 euros (turnover over 33 million euros), the share of National Bank folded to -1.55% and 7,984 euros, its share Eurobank traded at -0.38% and 2.126 euros, while its share Alpha Bank was limited to -0.70% and 1.691 euros.
The picture on the dashboard
In the high-cap index (-0.12% and 3,602 points), the share of PPC retreated to -2.2% and 11.5 euros, receiving the strongest pressures from the blue chips. Losses of more than 1% were also shown by OPAP – Aegean – Helleniq Energy. On the contrary, its share Cenergy strengthened by 2.8% and again approached the milestone of 10 euros. Its stock also achieved a 4.7% rally Elektorwhich put a “brake” on the seven-day falling streak.
Regarding the mid-cap index (-0.47% and 2,301 points), the stock of Intracom folded to -1.5% and 3.28 euros, with the shares of Thrace Plastics, AVAX, Lavipharm and Technical Olympian be reduced by at least 1%. His share PPA, at the same time, fell by 0.9%. Instead, its stock Dimand continued its recovery path, gaining 1% and returning to 9.09 euros.
Overall on the stock market, 37 stocks advanced, 60 stocks declined, while 23 stocks remained unchanged. THE capitalization of the market ranged at 102.1 billion euros.
The highest turnover
- Piraeus +3.18% 33.0 million euros
- National -1.55% 9.9 million euros
- Alpha -0.70% EUR 9.4 million
- Eurobank +0.38% €9.0 million
- OTE +0.53% 8.6 million euros
The biggest rise
- Bitros +8.63% 4,197 euros
- Caressed +4.92% 2,192 euros
- Less +4.70% 1.1 million euros
- Interwood +3.70% 181 euros
- Piraeus +3.18% 33.0 million euros
The sharpest fall
- Mathios -9.65% 2,517 euros
- ELBE -5.31% 1,002 euros
- Kyriakoulis -4.24% 8,409 euros
- Crete Plastics -3.23% 3,000 euros
- Vogiatzoglou -2.56% 903 euros
Stock market – Shares: The “five” that shone in July
“Keep” in touch with the 1,500 units
The Athens Stock Exchange failed to capitalize on it upward momentum of the previous daysmissing the chance to climb back into the 1,480-point range.
However, it is extremely important that remained above 1,470 unitsmaintaining it contact with recent highs of 1,502 pointswhich constitute the best point since 2011.
And we may be going through the most sluggish month of the year, but the daily news story continues to be “rich”.
Today, indicatively, early in the morning we had her measurements Optima Bank for the first half of the year, which reached record levels, while the figures for Nationalwhich achieved profits of 670 million euros.
It is clear that the financial results of bankscurrently, are the main “fuel” of the market, as positive performance reinforces expectations for achieving or even exceeding annual profitability targets.
So, it is not impossible to gradually see one new attempt to approach 1,500 units on behalf of the General Index, which is only 2% away from this year’s peaks.
On the other hand, however, bearing in mind that we are in August, the summer rastoni it is quite likely that it will start to affect the sentiment in the market, dropping the daily turnovers.
Besides, let’s not forget that most corporate developments have “frozen”, depriving the Athens Stock Exchange of valuable “fuel”, which under certain conditions could support a convincing upward movement.
In the first phase, the next ones resistances for the General Index they are placed at 1,487 units, while 1,438 units are the basic “mound” in case of folding.
Fall in Europe, Wall up
Abroad, now, Federal Reserve left open the possibility of a reduction in interest rates in September, however, leaving the scenario for a “knife” of 50 basis points out of the “box”.
On her part, Bank of England took the first step in easing monetary policy in at least four years, cutting interest rates by 25 basis points (to 5.00%).
And all this, while the European and American ones corporate giants continue to publish their financial figures for the first half of 2024.
Within this framework, the pan-European STOXX 600 falling slightly to -0.21% and 517 points, with the French CAC 40the German DAX and Italian FTSE MIB to lose 1%.
On the other side of the Atlantic, the barometer S&P 500 gains more than 0.6%, with the technological Nasdaq to increase by almost 1%.
On the Stock Exchange Dashboard: Piraeus’ comeback, Lamda’s new highs and Bitros’ two-day +20%
(The above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)