Today (11/10) enters the last meeting of the week Athens Stock Exchangethe sellers being the absolute rulers of the last period.
From September 27th until yesterday, the Greek market measured nine out of 10 down sessionswith losses in this period exceeding -4%, while losses in October they reach -2.8%.
On a weekly basis, with four consecutive negative meetings behind him, the accumulated drop estimated at -1.8%although, of course, today it is pending.
The General Index has now deviated by at least 6% from the multi-year highs of 1,502 points, something that brought them to the surface again critical supports of 1,400 units.
On the Stock Exchange Panel: 2-month lows in banks, the 40% drop in Iktinos and the package in BriQ
OR large share offeringtogether with geopolitical uncertainty, are the main causes of this continuous folding, with Avenida Atenas appearing “hooked» and unable to react.
After all, the consecutive channels and consecutive AMK they appear to have “drained” the market, while investors have not recycling available liquidity, given the absence of new foreign capital.
Don’t forget that the foreign investors are sellers for several months, as its recent figures show HE HAS. And this, without a doubt, negatively affects the course of the Greek market.
As far as the panel is concerned, the focus is on her stock Cenergiawhich yesterday concluded the increase in share capital by 200 million euros. OR the sales price was set at 9 eurosthat is, at the lower limit of the specified range, with the exact distribution being known on October 15th.
What are we waiting for abroad?
Abroad, now, with analysts’ attention focused on its direction central bank monetary policyinternational markets await new data on the US Wholesale Prices.
In addition, the publication of financial results for large companies begins today listed on Wall Street in the third quarter of the yearwith the level of expectations set at quite low levels.
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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)