on imported pressures succumbed to it Stock Exchange of Athens with sellers to dominate – despite the positive start – and lead the General Index less than 1,440 unitswhich continues the problematic image of the past few days.
And all this, while investment interest described as a strong hypocrite, because o daily trading volume remains below average this year, far from the desired level.
On the other hand, however, the strong Q1 fundamentals and pregnant business deals they do not allow an additional slide, “keeping” the critical ones intact supports 1,420 units.
More specifically, during today’s meeting, Mr General Index Print name less than 0.88% and ends near the bottom of the sun 1,438.44 unitslost about 13 points from Wednesday’s close (1,451.24 points).
the arc of diurnal variations placed at 19 points (from 1,438.24 to 1,457.35 points), with transaction turnover just in the range of 68 million eurosof which 14.2 million euros related to pre-agreed packages.
On the board, now, the National bank appeared weak in liquidations, lost almost 2.5% and fell below 8 euros. Their shares are also under pressure Mytilene – Piraeuswhile or OPAP was able to stabilize near 15 euros.
Bank loss of 1.2%
The bank index was at the center of the losses, which ended in -1.24% and 1,285 unitsabout 5% away from the year’s high (1,349 units).
His stock National Bank its share fell by -2.42% and 7,978 euros Piraeus decreased to -1.57% and 3.76 euros, its share Eurobank closed at -0.42% and 2.148 euros, while its share Alpha Bank remained unchanged at 1.61 euros.
Supports 1,420 units
Continue to problematic image provided by the Athens Stock Exchange, with the General Index of fell below 1,440 pointsclearly influenced by negative atmospherewhich dominates most European markets.
And the nation may not face him risk of political instabilityas in the case of France or Germany, but it is clear that the recent European election results have short-term implications –in anticipation of change.
At the same time, the large profits of the previous period (+ 12% GD in 2024) allow investors to continue to reasonable vesting movementswhich continues to put pressure on some stocks.
On the other hand, however, the strong fundamentals of listed companies continues to provide support, paving the way for better dividend yields next year, supporting high valuations across the board.
And let’s not forget the pregnant women business deals, which can act as a catalyst through improved liquidity. Above all, of course, its future sales Terna Energyor, which is said to close at 20 euros / share
In this context, the former support in the General Index remains at 1,420 unitswhile the basic resistances put in 1,502 unitswhich coincided with this year’s high (closing 5/20).
Loss of more than 1% in Europe
Abroad, today, attention is focused on last night’s decision Federal Reservewhich keeps interest at their current high level (5.25% – 5.5%), predicts only decrease in 2024. However, for 2025 he announced up to four reductions, with a total of 100 basis points.
The above is known some time after the data of consumer price, which on an annual basis stood at 3.3% in May against estimates for 3.4%. Now, they follow producer priceswhich fell by 0.2% on a monthly basis (expected to rise by 0.1%).
Considering this, Dow Jones slips by 250 points (-0.65%), despite the fact that the S&P 500 it will “survive” the historic high of 5,420 units. In Europe, the Stoxx 600 lost 1.06% and folded to 517 points, while Frankfurt, Rome and pair limited to 1.5%