The first reaction is looking for it Stock Exchange of Athens after big losses last week, which brought the General Index to distance more than 6% compared to recent ones maximum of 1,502 units.
Climate nervousness and there is no certainty prevailed in Europe, because of political developments in Franceis the main “wound” for the Greek market, which can not do be independent and yes absorbs external shocks.
This, of course, can change if the MSCI, on Thursday night, he for the good of Greece and AA is OK with watch list for possible upgrades in developed markets. Until then, however, patience is required on the part of investors.
Stock market: The critical Thursday and the European… splint
More specifically, during today’s meeting, Mr General Index little notes to 0.44% and formed by 1,413.08 units, gained six points from Friday’s close (1,406.91 points).
the arc of diurnal variations consists of seven units (from 1,412.29 to 1,419.49 units), with transaction turnover which will change to 4.5 million euros in the first 20 minutes.
On the board, now, the Motor Oil recovered 1.5%, with Jumbo, Titan cement and Coca Cola which is about +1%. For their part, the National, Eurobank and Piraeus shows a marginal increase of up to 0.5%, while PPC continues to underperform.
Less profit for banks
The banking index is trying to put a stop to the series of losses, as a result of this + 0.27% and 1,244 unitsdown 8% from this year’s high.
His stock National Bank increased to + 0.38% and 7.92 euros, its share Piraeus its share follows + 0.14% and 3,604 euros Eurobank sold at + 0.39% and 2.055 euros, while its share Alpha Bank fell by -0.26% and 1.536 euros.
The image of the dashboard
In the high capitalization index (+ 0.45% and 3,426 points), its share Motor Oil increased to + 1,5% and 24,7 euros, with shares of EYDP and FINDING in dynamic increase of more than 1%. At the same time, the parts of Coca-Cola, Jumbo and Titan cementt expands to about 1%. His stock In Lam, is at + 0.6% and 6.5 euros, after the acquisition of 2% by the owner of the ship Giorgos Prokopiou. On the contrary, its part PPC remained below 11 euros, fell by 0.3%.
Regarding the mid-cap index (+0.50% and 2,263 points), the share of Cree – Cree stands at + 2.3% and 10.7 euros, with shares of Aluminum and ADMIE to +1.5% and +1%, respectively. On the other hand, its stock Intralot limited to -1.2% and 1.10 euros, while the shares of Profile – Lavipharm.
Overall in the stock market, 52 stocks advanced, 29 stocks declined, while 13 stocks were unchanged. THE capital in the market ranges of 97.8 billion euros.
It should be noted that today is the last day of its trading Red oneswhich Ellactor absorbed.
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The European… splint
Its upward movement seems to have entered a “shack” in the last period of time Stock Exchange of Athenswith the General Index testing their strength 1,400 units -for the first time since April 19.
The result of the new euro-election, without a doubt, it has an important role in this process, because the Greek market is struggling to stand and differentiate itself from the nervousness that characterizes – and possibly will continue to characterize – the whole of Europe.
At the same time, we see some investors taking advantage of the opportunity liquidation about the strong gains in recent months, continued assimilation and “digest» at recent multi-year highs.
Despite the -6.5% from recent highs at 1,502 units, however, the General Index still shows a very satisfactory up to 9% in 2024, with the banks, which next month “cut” the first dividends, showing almost double the return (+ 17% since the beginning of the year).
Considering all this, it is considered very critical to defend the General Index support of 1,400 units, which became a key ridge before the average of the last 200 days (1,336 points). In such a scenario, the appearance of an upward catalyst, in the form of a new deal or other optimistic development, could bring the short run back into positive territory.
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At this point, it is worth noting that on June 20 the market will officially announce if the house MSCI will benefit Greece and include the Stock Exchange in monitoring regime (view list) for a possible upgrade to developed markets in depth of 12-24 months. This is one of the main goals of HEXA, which, if achieved, is sure to change the situation greatly – for the better, of course.
In a possible upward movement, then, the first point OPPOSITION found in 1,460, any division of it gives way for 1,485 – 1,502 unitswhich is the highest level in 2024 and in the last 13 years.
This Friday, the restructuring of the FTSE and Russell indices, which traditionally take turnover.
The image abroad
Abroad, today, after the big losses last week, the pan-European Stoxx 600 tried to return to positive territory, strengthening + 0.4% and 513 points. At + 0.7%, the index also increased CAC 40 in Paris.
On the other side of the Atlantic, where the investment climate is characterized by happiness, its future Wall Street show small changes, while o S&P 500 continues to “fly” at historically high levels, remaining above 5,400 units.