2 month rally: Its shares were met with the strongest rally since April Alfa Bank the upgrade by Moody’s, which restored the bank’s credit quality to the investment grade category. This development, understandably, halted the 6-day losing streak and brought the share back above €1.50. The distance, of course, from the year’s highs (1.79 euros) remains at double-digit levels (-15%).
Reaction: Its shares have recovered from 7-month lows Aegean, which yesterday managed to strengthen by 3.6% and end at 11.6 euros, moving slightly away from the supports of 11 euros. Certainly, the positive reports from analysts are contributing to the recovery of the share, which is still 13% away from its historical maximum of 13.7 euros (28/8/2023).
Positive rotation: Its stock hit its best session since 5/13 on Friday Participation Mission, which also had the best daily performance among companies in the Mid-Cap index. The significant increase (+2.9%) allowed the listed company to say goodbye to June with a positive sign, although performance in 2024 remained negative (-5.6%).
8% Correction: Maybe a few days ago Optima Bank reached historic highs of 13 euros, but this year’s impressive recovery has now shown signs of fatigue, with the stock correcting 8%. This, of course, does not negate the fact that the bank is valued at almost 900 million euros, which makes it the 23rd most valuable listed company.
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any share)