“Freno” after four days of falling places today (09/12) the Athens Stock Exchangewith buyers taking back the reins and bringing the General Index back to 1,420 points.
THE positive climate abroadas a result of the expectation of a new reduction in interest rates by the ECB (decisions at noon), contributes decisively to improving investor psychology, in combination with the satisfactory company figures in the first half of the year.
On the other hand, however, Careful and the nervousness are still reporting gifts, with September developing within a narrow range between 1,400 and 1,450 units, which keeps the maximum of 1,502 units.
Specifically, at the 4th meeting of the week, Mr. General Index he notes softly up to 0.57% and is graduated in 1,421.86 unitsgaining about 8.5 points from Wednesday’s close (1,413.54 points).
THE diurnal variation arc covers seven units (from 1,418.81 to 1,425.17 units), with the turnover vary in 5 million euros in the first 20 minutes.
In the picture now, the Metlen increases by 1.5% and returns to close to 34 euros, with the shares of Piraeus – Alfa – Eurobank increase by at least 1%. Engine oil, OPAP and Hellenic Energy earn up to 1.7%.
Banks are on the rise
The banking index, leaving behind the sell-offs of the previous four days, recovers to +0.90% and 1,230 unitsawaiting decisions on the last FHEF placement.
Your stock Alpha expands to +1.50% and 1,523 euros, its share Eurobank its share remains at +1.22% and 1,984 euros Piraeus trades at +1.11% and 3,911 euros, while its share National increases to +0.37% and 7,504 euros.
Stop losses
The Athens Stock Exchange is today “looking” for the upward reaction, to place “brake” on the 4-day fall sequencewhich raised the General Index to 1,413 units.
Of course, the positive climate prevailing abroad since early morning it is an optimistic omen for the Greek market, which is preparing to start the fourth session of the week on the right foot.
All eyes are on her eurozone central bank, as Christine Lagarde is very likely to announce another 25 basis point cut in European interest rates – the second since June.
This development will undoubtedly increase the appetite for risk, since the cost of money will be further reduced, without forgetting that a third rate cut by the end of the year.
The “scissors” in your interest rates should also be considered a given Federal Reserve next week, although yesterday’s inflation data has restricted bets for a 50 basis point intervention.
At the same time, domestic news coverage is monopolized by corporate results, with Lambda Development and Voter to follow the first half financial announcements.
So far, the performance of listed companies can be characterized as more than satisfactory, with profitability register an increase of at least +15% compared to the first half of last year.
On the other hand, however, the wait for the placement at the National Bankthe fear of a possible recession in the US and the negative reputation of September – a traditionally bearish month – largely maintain the uncertainty and she Careful in the stock markets.
All this is also reflected in the Greek dashboard, with the General Index fluctuating in recent weeks within a narrow band of fluctuations, which has the “testing” the 1,450 units and so basic supporting the 1,400 units.
It remains to be seen, now, who catalyst he will be able to break this range, whether downwards or upwards.
Profits in Europe
Abroad now, while awaiting the ECB’s decision on interest rates, the pan-European market Stoxx 600 gains strongly to +1.1% and 513 points, with the Frankfurt, London, Paris and Milan indices gaining at least 1%.
Across the Atlantic, your future Wall Street are set for a positive start to the session, with the Dow Jones and S&P 500 expanding by up to 0.3% as investors await fresh macroeconomic data.
On the Stock Exchange: Ethniki’s -8%, the contradiction in the AIA and the Intracom test
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)