Within breathing distance of him basic target of 1,500 units is still located Athens Stock Exchangedespite the fact that the sellers seem to be trying… discrimination or until now shopping party, postponing the climb to new peaks.
In yesterday’s session (13/5), the General Index fell below 1,480 points, with manageable losses of -0.54%. For today (14/5), it is possible that there will be continuation of negative weatherwith liquidations persisting.
However, this short-term reversal should not scare traders as the Greek market offered a super performance of the order of 14% in 2024 and 35% in 6 months (to be more precise, from the beginning of October).
Therefore, it is normal that on the one hand there is tiredness, on the other hand some investors choose this guaranteeing big profits of the last period, in an effort to reinforce its liquidity.
O big picturefor its part, it remains highly positive, with 1,500 units being the first fundamental “step”, before the next target of 1,550 units, which has been ignored since the first half of 2011.
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Attention to OTE, MSCI
Meanwhile, investors’ attention is currently focused on its shares OTEas the administration will notify the first quarter financial results. This will be followed by the standard analyst and investor briefing.
At the same time, at midnight MSCI will announce the restructuring of indicators of, with interest admittedly centered on MSCI Greece Standardwhere today there are 10 shares (Ethniki, Eurobank, Piraeus, Mytilineos, Alpha, Jumbo, OPAP, OTE, PPC and Motor Oil).
Although it is considered quite difficult to make additions or subtractions to the Greek index, it is not excluded that MSCI will proceed to changes in weightings. In any case, the changes will come into effect at the beginning of June.
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Stagnation in Europe, Wall
Abroad, now, the investment community awaits data about it Inflation in the USA (April measurement), which are considered crucial for the next interest rate movements of the Federal Reserve, i.e. the US federal bank.
In this context, pre-contracts in Europe show a negative start to the session, correcting from historic highs. Futures on Wall Street also register small variations, where the Dow Jones Index Last night he put a “brake” on the high 8×8.
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(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any share)