Without the necessary momentum to “flip” the… switch, it continues Athens Stock Exchange, with investors involved in selective purchases.
In this way, the Greek market seems to stays in road of stagnation and hesitation, having as maintain 1,400 units and the moving average of the last 200 days.
And this, in fact, despite the Dow Jones Index on Wall Street closed yesterday more than 43,000 units for the first time in its history, while today the DAX in Frankfurt it is heading towards a new record (>19,570 units).
Specifically, in the second meeting of the week, Mr. General Index notes imperceptibly up to 0.14% and is formed in 1,413.47 unitsgaining just two points at Monday’s close (1,411.49 points).
THE arc of diurnal variations extends over nine units (from 1,412.87 to 1,421.06 units), with the turnover vary in 36 million eurosof which the 3.2 million euros relate to pre-agreed packages.
On the board now, after yesterday’s big losses, Piraeus and National they recover smoothly at about 1%. On the contrary, OTE and engine oil drops by 1%. For your part, Attica Bank falls at least 18%, one day before the reverse split (100 old shares for 1 new share).
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Ignoring… new wallets
Ten negative closes in the last 12 sessions counts the Athens Stock Exchange, which is looking for a positive reaction to stop the downward trend for supports 1,400 units.
The short-term trend in the Greek market is undoubtedly not positive, which has reactivated the main “banks”, which are very close to the mobile market average of the last 200 days (1,393 units).
Within the last 12 daysthe General Index records an accumulated drop, which exceeds the -4%as from 1,471 units on September 27th it dropped to 1,411 units (closing on October 14th).
Of course, the sequential fundraising of those listed (placements, AMK) “dried up” the internal market, due to the “recycling” of available liquidity.
At the same time, geopolitical crisis in the Middle East closed the capital channels coming from abroad, which makes the situation even more suffocating in the country.
All of this, therefore, to be overturned, requires the arrival of a powerful catalyst, which will mobilize “fresh” wallets and give new life to Avenida Atenas. Until then… patience and care are needed.
As for the dashboard, the focus is mainly on Attica Bank, as today is the last trading day of the share before the reverse split (100 old ones for 1 new one). This will be followed by AMK and the exercise of the warrants, with a total value of 735 million euros.
At the same time, the distribution of new shares will be announced on the same day Cenergiaafter the share capital increase of 200 million euros. The shares will be admitted to trading on Wednesday, simultaneously increasing the equity dispersion of the listed company by 10 percentage points (from 20% to 30%).
DAX broke record
Abroad, investors’ attention is now focused on third quarter corporate numbers, which has set the pace in recent days, while markets await their decisions ECB for the level of interest rates next Thursday.
The pan-European Stoxx 600 is almost unchanged at 524 units, with the German DAX rise to new historic highs (19,571 points), gaining +0.3%. Node Wall Streetfutures show the beginning of stabilization after Monday’s new records.
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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)