A first safety “cushion”. from support of 1,400 units trying to make today (6/18) the Stock Exchange of Athens with buyers placing “brake” on the 3 day downward streak.
The short term improve the climate abroad help the Greek market to recover to 1,420 unitswhile entrepreneurs want to take advantage of attractive valuations.
On the other hand, of course, we should not forget that the investment visibility remains low, something that cannot be ruled out to continue until the first Sunday of July, when the second round of French elections will be held.
More specifically, during today’s meeting, Mr General Index important notes 0.99% increase and formed by 1,417.94 units, gained nearly 14 points from Monday’s close (1,404.11 points).
the arc of diurnal variations up to 11 units (from 1,407.20 to 1,418.40 units), with transaction turnover in the range of 40 million eurosof which 4 million euros concern the agreed packages.
On the board, now, the National Bank is the “fight” to return to 8 euros, while from the 5-month low, the Piraeus. From there, the PPC made an attempt to recover to 11 euros (+2.4%), with ELECTORS and ADMIE to rally 5% and 3%, respectively.
Stock market: 5% rally for Ellactor – Best day in 6 months
1% profit of banks
The bank index is looking for a first reaction in the series of three negative sessions, as a result of which it now strengthens the + 1.23% and 1,243 units.
His stock National Bank increased by + 1.96% and 8.00 euros, its share Piraeus expanded to + 1.14% and 3.556 euros, its share Alpha Bank traded at + 1.12% and 1.541 euros, while its share Eurobank amounts to + 0.25% and 2.039 euros.
The image of the dashboard
In the high-cap index (+ 0.86% and 3,435 points), its share ELECTORS jumped to + 5.7% and 2.48 euros due to the return of capital of 0.5 euros, its cut-off is set for July 22. At the same time, the shares of PPC, Motor Oil and Aegeanwhile the parts of Autohellas, Helleniq Energy and Jumbo followed by more than +1%.
As for the mid-cap index (+ 0.60% and 2,265 points), the stock of ADMIE made a mini-rally of + 3.3% and 2.19 euros, thanks to the satisfactory quarterly results. Technical Olympia, Kri – Kri, Intracom, AVAX and Profile they earn from 1% to 2%. On the contrary, its part Austria card lose 2.2% and fold to 5.7 euros.
Overall in the stock market, 73 stocks advanced, 26 stocks declined, while 10 stocks remained unchanged. THE capital in the market ranges of 98.6 billion euros
Bullish exit for the Stock Market
The Athens Stock Exchange is trying to put the brakes on three consecutive negative meetings, with the General Index holding valuable… support of 1,400 units.
The improved atmosphere abroad will definitely help in this effort, which comes as reaction in the recent folding from the “tops” this year.
Let’s not forget that since May 20, when the General Index “pierced” the ceiling of 1,500 units, the losses will reach 100 units or else 6.5%in the biggest downward movement since August – October 2023 (-15%).
The virus of political uncertainty, affecting the economy of Europe’s No.2, which is France, is basic “wound” for AA, which cannot be independent and self-differentiated.
Therefore, fatally, it receives the wave of imported pressures, which will not be rejected to continue until there is greater investment visibility, that is, until second round of parliamentary elections in France, scheduled for July 7.
Now, however, buyers are trying to build one safety “cushion”. from the psychological support of 1,400 units, any collapse of which would pave the way for average over the last 200 days (1,339 units).
In the meantime, on Thursday the market will officially know if the house MSCI include the Stock Exchange of 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.
As far as the board is concerned, the focus remains on its stock Development of Lamdathat yesterday achieved the best session in the last two months, thanks to acquisition of 2% by ship owner Giorgos Prokopiou.
At the same time, attention is also focused on banks, which are about 8% of the recent high, with the greatest pressure on Piraeuswhich fell into 5 months down.
Positive movement in Europe
Abroad, today, European shares are headed for an upward “turn”, after several losses in the past few days, with Stoxx 600 to recover + 0.59% and 514 points. By 0.5% it also increased CAC 40 in Paris.
On the other side of the Atlantic, its signs Wall Street they continued the… party, with him S&P 500 νjust shy of the 5,500-unit milestone, recording a rally of more than 15% since early 2024.