severe RENEWAL recorded today (20/6) at Stock Exchange of Athenswith sellers to take the “reins”, interrupting the two-day bullish reaction. However, support from buyers does not allow one slip below 1,420 units.
Undoubtedly, the news of the day was the sale of its majority stake (67%). Terna Energy in Arabic Masdar which then intends to proceed with public offer to get 100% – what this means for available liquidity.
At the same time, the market is focused on MSCIwho tonight will publish the standard ranking of international stock markets, with Athens having a high chance of participating watch list for future upgrades in developed markets – for the first time since 2013.
In this context, during today’s meeting, Mr General Index known to be controlled less than 0.31% and formed by 1,421.71 unitslost 4.5 points from Wednesday’s close (1,426.20 points).
the arc of diurnal variations placed in 23 units (from 1,411.53 to 1,434.66 units), with transaction turnover in the range of 156 million eurosof which 7.5 million euros related to pre-agreed packages.
Smile for TERNA, waiting for MSCI
The day at the Athens Stock Exchange started with a very good news, with Terna Energy to announce the agreement with them Arabs of Masdar for the sale of the majority stake (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 that the Arabs, for the second year, intends to make a public proposal for the acquisition of the remaining share capital is estimated to be A lot of liquidity is freemost of it will return to the local market, in the form of new investment movements.
Since then, Athens Avenue has been waiting for its verdict during the day MSCI, who will continue to regularly update the stock exchange classification list. Everyone is hoping that the report will predict the adding AA to the watch list (watch list) for a possible upgrade in developed markets in 12 to 24 months.
Athanasiou: The patience of 15 years, the big profit and the hope for a strong rally
All of these are expected to play an important role in investment psychology, which has subsequently been greatly influenced political developments in Europe -especially in France, which is marching towards early parliamentary 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 framework in Athens Avenue does not appear to have changed significantly, with political stability guaranteed until 2027, listed companies to improve profits, dividend yields to rise and macroeconomics remains stable.
Within this environment, the General Index at least goes a long way 5.5% from this year’s peak of 1,502 units, of which 1,400 units are the main support, any loss of which may lead to 1,380 – 1,360 units. THE average over the last 200 daysit remained at 1,339 units.
European income, Wall record
Abroad, now, the pan-European Stoxx 600 slightly strengthened to + 0.54% and 516 points, while investors turn their eyes to the current decision of Bank of England for the level of interest rates (they remain unchanged at 5.25%), on the other hand in the first edition government bonds from France after announcing early elections.
On the other side of the Atlantic, after yesterday’s holiday, the US indices are heading for another historic session, with a barometer. S&P 500 will exceed the milestone of 5,500 units (+0.50%) and its share Nvidia to continue the leaping march towards successive records