It finally closes into negative territory Stock Exchange of Athens, enter with… left of last week of Junein a session described as long RENEWAL and character change.
Undoubtedly, the cut to the right for the dividend 10 different ones listed (OPAP, Titan Cement, Viohalco, Cenergy, ELVALHALCOR, Quest, HEXA, Intracom, Optima and Intercontinental) negatively affected investor sentiment, which is likely to repeat tomorrow, when the Metlen, Motor Oil and Fourlis.
From there, the nerves from abroaddue to the first round of parliamentary elections in Francedoes not allow an upward movement towards resistors of 1,460 unitswith the Greek market, however, defending them support of 1,400 units.
More specifically, during today’s meeting, Mr General Index noticed little less than 0.28% and formed by 1,420.06 unitslost about four points from Friday’s close (1,424.04 points).
the arc of diurnal variations set at 12 units (from 1,419.17 to 1,431.81 units), with transaction turnover in the range of 155 million eurosof which 14.4 million euros related to pre-agreed packages.
On the board, now, the banks are placed in the center of pressures, with National and Piraeus lose from 2.5%. At the same time, the titanium and HE IS HERE, which now “cut” a dividend, fell by 4% and 5% respectively. On the other hand, Motor Oil put the brakes on recent pressures and recover above 25 euros (+3.5%).
Recent losses in banks
The bank index fell under pressure again, as it ended in -1.10% and 1,227 unitsabout 9% away from the peak of the year (1,349 units), but also gains 15% until 2024.
His stock Piraeus folded to -2.57% and 3,374 euros (5 months low), the share of Alpha Bank retreated to -1.83% and 1.474 euros (7 months low), the share of National closed at -2.49% and 7.82 euros, while its share Eurobank moved back to + 1.33% and 2.128 euros.
The image of the dashboard
In the high-cap index (-0.31% and 3,442 points), the share of Titan cement decreased to -5.3% and 28.9 euros, with shares of Aegean, GEK TERNA, ELVALHALKOR, Ellaktor and Autohellas lose from 2%. Development of Lamda and Viohalco the reduction of at least 1%. On the contrary, its part Motor Oil, which now registered the right to a dividend of 1.4 euros, shot up to + 3.5% and 25.1 euros. He shares OPAP – OTE – Coca Colaat the same time, gained 1% each, with its share Cenergy which will fall to + 3.1% and 9.7 euros (new historical high).
Regarding the mid-cap index (+ 0.46% and 2,282 points), the share of HE IS HERE stood negative at -4.1% and 4.6 euros, which is less than a year. PPA, Intracom, AVAX, Intrakat, Ideal, Profile and NEED retreated 1% to 2%, while its stock Epsilon lost 2.4% and returned to 12 euros, ie the price of the public proposal of the main shareholders. However, its stock Optima Bank jumped to +3.1% and reached a new historical high (13 euros). THE Intralotit jumped to + 5.4% and 1.15 euros. Cree Cree and FINDINGfinally, strengthened by 2.8% and 1.3%, respectively.
Overall in the stock market, 43 stocks advanced, 62 stocks declined, while 14 stocks remained unchanged. THE capital in the market consists of 98.8 billion euros.
The highest turnover
- Eurobank + 1.33% EUR 23.7 million
- National -2.49% 20.7 million euros
- Piraeus -2.57% 20.6 million euros
- Alpha -1.83% 12.1 million euros
- Metlen 0% EUR 9.0 million
The biggest increase
The sharpest bend
- Intercontinental -29.88% 8,213 euros
- Progressive -9.42% 203,374 euros
- Titan -5.39% 1.4 million euros
- HEXA -4.12% 778,883 euros
- Papoutsanis -3.69% 33,211 euros
Continued volatility
his last week of June passes through the Athens Stock Exchange, with the General Index suffering, for several days, a narrow range of fluctuationsthat from 1,400 to 1,460 units.
If the monthly loss does not exceed 0.5%, it is clear that the Greek market is not going through the best possible period. And it becomes more noticeable, if we consider that the folding from the recent high of 1,502 units amounts to -5,5%.
The next few days, for many analysts, are considered extremely critical for the short-term trend, with “endurance” of 1,400 units which will be the main issue, because if there is a loss of supports, the path is initially opened for 1,380 – 1,360 units and then for 1,339 units, which is in line with an average of 200 days.
It is clear that the three GD meetings at the end of the month are largely determined by pinnacle of… drama in Francegiven that next Sunday (30/6) the first round of parliamentary elections will be held.
The results of the ballot, combined with the second round on July 7, will shape the level of political stability in No.2 economy in the Old Continentthat we should not forget that in 2025 we must also elect a new president.
On top of that, the volatility was also caused by many deductions for the rights to collect corporate awards, because today and tomorrow a total of 13 listed companies “cut” their dividend, which undoubtedly precedes the melt (1.5 euros/share), Motor Oil (1.4 euros/share), OPAP (0.25 euros/share), Titan cement (0.85 euros/share), Viohalco (0.12 euros/share), Cenergy (0.08% euro/share) and ELVALHALCOR (0.0.4 euros/share). In total over the two days, the deductions were related to 691 million euros in dividends.
However, excluding the last few weeks, where low investment visibility and the exogenous political uncertainty had a negative impact, the general trend of the Athens Stock Exchange remained positive.
Something that is clearly shown in the attractive valuations across the board (many P/Es below 10x), strong company sizes, high dividend yields, solid macros, as well as sequential business dealswhich creates new values for shareholders and improves available liquidity for investors.
mall defeat in Europe, Wall recovered
Overseas, today, the current week is monopolized by hurricanes political developments in Francewhich resulted in up to first ballots on June 30 investors to indulge careful waiting movements.
So, the pan-European Stoxx 600 fell by -0.35% and 517 points, with the French index CAC 40 lose 0.8%. On Wall Street, after last night’s pressures in the technology sector, Nasdaq and S&P 500 return to positive territory (+ 0.2% and + 0.7%, respectively).