To remain within shooting distance of 1,450 units managed today (3/9) the Athens Stock Exchangewith selective placements absorbing increasing exogenous pressures.
In fact, the Greek market, having made a satisfactory “buzz” in Septemberkept the relatively autonomous course against international stock markets, which remain in bearish territory in anticipation of critics macroeconomic variables in the US.
And all this, while in Athens we expect more and more catalysts during the month, with the Moody’s verdict on September 13 stand out and play a role… a watershed for the short and medium term trend.
Specifically, in second meeting of the weekthe General Index it was left almost unchanged (-0.01%) and was constituted in 1,446.09 units, that is, equal to Monday’s closing (1,446.17 units).
THE diurnal variation arc was fixed at six units (from 1,444.48 to 1,450.42 units), with the turnover vary in 85 million euros, of which 19.4 million euros related to pre-agreed packages.
On the board now, Piraeus and National lost 1%, with the first falling below 4 euros. A 1% drop was also shown by OTEwhile the Engine oil increased by 2% and exceeded 22 euros. Special mention should be made ADMIEwhich “jumped” to 2.2 euros, thanks to the positive developments in the Cyprus issue.
Bank losses
The banking index not only failed to approach the 1,300-point zone, but ended up at -0.64% and 1,274 units, negatively affecting the entire market.
Your stock Piraeus its share fell to -0.92% and 3.983 euros National doubled to -1.08% and 7,892 euros, its share Eurobank traded at -0.68% and 2.05 euros, while its share Alpha increased to +0.19% and 1,579 euros.
The image on the panel
In the high cap index (-0.24% and 3,511 points), the participation of Sarantis increased to +4.4% and €10.7, driven by improved half-year profitability. Engine oil and Autohellas followed with +2%, while the shares of Lamda, Aegean (investment announced in Volotea) and AEDAP closed at +1%. On the contrary, its share Cenergy was reduced by 1.6%, with OTE fall to -1.1%. Your share OPAPwhich today announces the figures for the second quarter and the interim dividend for 2024, fell 0.3%, but defended 16 euros.
In the mid-cap index (+1.05% and 2,337 points), the stock of ADMIE stood out by +4.4% and 2.21 euros (one-month high), thanks to the imminent agreement for the Crete-Cyprus electricity connection. Its share also increased by 2.6% HE HAS. At the same time, the actions of PPA, Kri Kri, Intracom, EYATH, AVAX and Profile increased by more than +1%. Instead, its stock Austriacard lost 1.6%. Special mention should also be made Attica Banksince the approval of the merger plan with Pancreatia led to +18% and 9.8 euros.
Overall in the stock market, 58 stocks advanced, 47 stocks declined, while 18 stocks remained unchanged. OR capitalization of the market varied in 100.1 billion euros.
The highest turnover
- Piraeus -0.92% 13.1 million euros
- National -1.08% 10.6 million euros
- Motor Oil +2.03% 9.9 million euros
- Terna Energia +0.52% 9.2 million euros
- Eurobank -0.68% 7.2 million euros
The biggest rise
- Banco Ática +18.31% 91,948 euros
- Akritas 9.88% 439 euros
- SATO +8.93% 91 euros
- Centric +7.08% 133,534 euros
- Minerva +5.36% 336 euros
The steepest drop
- Interwood -8.63% 523 euros
- Tria Alfa -6.27% 898 euros
- Vogiatzoglou -2.50% 234 euros
- Kecrops -2.29% 14,025 euros
- Lanakam -2.17% 3,662 euros
A positive start to September
A better picture regarding the exterior was also presented today by the Athens Stock Exchange, which remains “breathing distance” from 1,450 unitswhich are ignored from August 1, 2024
THE positive start in September works as an optimistic omen for the future, given that the Greek market has managed become independent of the international downturn and remain comfortably more than 1,440 units (one month high).
Of course, once again, the big thorn is the low daily turnoverwhich is far from the psychological limit of 100 million euros. It is clear, however, that the “full” month of September offers conditions for the daily value of transactions to “rise” significantly.
In addition to corporate sizes and the next ones interest rate reductions of central banks, the current month is extremely important for the assessment of the Greek economy, with the houses DBRS and Moody’s publish the reports established for the country.
Vakakis: The big loser (?) of the summer – The loss of one billion euros in less than four months
At the same time, the processes for the last wave of divestment from the FEFG in National Bankwithout forgetting the wedding on the one hand Attica Bank – Pankritias, on the one hand, your next introduction Cyprus Street on Athens Avenue.
Whether all this will translate into a new upward movement of the General Index towards the year highs of 1,502 units still needs to be proven in practice. However, let us not forget that traditionally the September is a… negative month for investors, with Athens recording losses over the previous three years.
Fall in Europe, Wall
Abroad, now, European markets continue to lazy photo from yesterdaywith Stoxx 600 falling to -0.59% and 521 points, remaining, however, within striking distance of recent historical highs. A 0.6% drop is also shown by DAX in Frankfurt.
As for Wall Street, which was closed yesterday due to the Labor Day holiday, the Dow Jones Index loses about 350 units, while the Nasdaq fell 1.3 as investors await crucial labor market data.
On the Stock Exchange: The… curse that broke in Piraeus and 13-month highs in OTE
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)