With an average performance exceeding double the General Index, this year the Industry sector is “running” in Athens Stock Exchange.
It is indicative that the cumulative increase exceeds +28% since the beginning of 2024 (compared to 11.5% of GD), being one of the “hottest” branches of the Greek market. And this is due, on the one hand, to the improvement in profit margins, as a result of the reduction in energy costs, on the other hand, to the outperformance of selected industrial stocks.
The “golden” quintet of the sectoral index (FTSE_IN) is formed by shares of Titan Cement, Cenergy, GEK TERNA, PPA and Intracatwhich this year see considerable changes, offering generous returns to investors and giving a significant “boost” to the broader Industry index, which is not far from the this year’s “peaks” of 6,621 units (noted on August 22).
The five “golden” ones
Your entry appears at the “top” of the relevant list Titanthat “works” at a rate above it +52% in 2024. The result is that it “breathed” from the historic highs of 33.7 euros, but also that it expanded its market value by more than 2.5 billion euros. In fact, Titan Cement is currently the best performer among the 25 blue chips.
Your demonstration follows right behind Cenergiawhose stock is strengthened by +36% since the beginning of the year, having risen to around 10 euros. A few weeks ago it reached 10.1 euros, which remains the highest level ever. All this took the company’s valuation to a record value of 1.8 billion euros.
Your stock GEK TERNA, having benefited significantly from the agreement to sell the majority stake in the subsidiary Terna Energy, it saw its capitalization jump to 1.8 billion euros, with the share price remaining stable at the highest values in the last 24 years (>17 euros). Somehow, this year’s surprise isn’t the only one +33%.
At the same time, your stock PPA is another “protagonist” in the sector, as the +17% since the beginning of 2024 has raised the valuation of the country’s largest port to close to 700 million euros, while the company’s price is just 5% away from multi-year highs of 28.8 euros (marked on March 28, 2024).
Finally, your progress is absolutely satisfactory Intracatwhich despite having corrected around 12.5% compared to this year’s highs (and 14-year highs) of 5.6 euros, is still strengthening in +9% compared to the beginning of the year. In fact, the construction company remains at a margin of 5 euros/share or at a margin of 800 million euros in terms of market value.
The best performers of the main shares in the FTSE_IN index
• Titan +52%
• Energy C+36%
• GEK TERNA +33%
• PPA +17%
• Intrakat +9%
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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)