With a very good news the day begins Stock Exchange of Athenswith Terna Energy to announce it deal with the Arabs at Masdar for the sale of the majority package (67%) for 20 euros/share. Of course, the big beneficiaries of the deal are GEK TERNAwhich controls 37.9% of the shares, but also o George Peristeriswhich directly owns 11.0%.
The fact, however, that the Arabs, in the second year, intend to continue with public proposal for the acquisition of the remaining share capital approx this will free up a lot of liquiditymost of it will return to the local market, in the form of new investment movements.
From there, Athens Avenue waited for the day and the MSCI judgment, who will continue to regularly update the stock exchange classification list. All hope that the report will provide for the inclusion of AA in watch list (view list) for a possible upgrade to developed markets in depth of 12 to 24 months
All this is expected to play an important role in today’s investment psychology, which has recently – almost exclusively – been influenced by political developments in Europe – especially in France, which is marching towards early parliamentary elections elections on June 30 and July 7.
THE low investment visibility made buyers more parsimonious, reluctant to take more risks as long as it fluid political situation in Geria Epirus.
And this, despite the fact that the medium-long-term structure on Athens Avenue it does not appear to have changed, with political stability guaranteed until 2027, listed companies to improve profits, dividend yield to increase and macroeconomics remains stable.
Within this environment, the General Index at least goes a long way 5% from this year’s peak of 1,502 units, with 1,400 units which will be the main supports, any loss of them can lead to 1,380 – 1,360 units. THE average of the last 200 days, it remained at 1,339 units.
The image abroad
Abroad, today, Europe is waiting in part for its decision Bank of England for the level of interest rates, on the one hand, the first government bond issue in France after announcing early elections. In this light, his pre-contracts Stoxx 600 show a careful opening of the session.
On the other side of the Atlantic, after yesterday’s holiday, the US indices are preparing for a positive opening, with the barometer. S&P 500 to test the psychological limit of 5,500 units and its stock Nvidia to continue the leaping march towards successive records.