Volatility continues to Stock Exchange of Athens with dividend cut influence the investment climate and maintain it sellers in the driver’s seat because third consecutive session.
The important thing for the General Index is to defend the support of 1,400 unitswhich became the main ridge before the average of the last 200 days (1,339 points).
However, the Greek market seems to have it ran out of… fuel and this made it noticeably difficult for him to move towards them resistors of 1,460 unitswhich has been missing since the end of May.
More specifically, Mr General Index little notes less than 0.34% and formed by 1,415.30 unitslost about five points from Tuesday’s close (1,420.06 points).
the arc of diurnal variations up to five units (from 1,414.25 to 1,419.75 units), with transaction turnover up to 6 million euros in the first 20 minutes.
On the board, now, the melt decreased by at least 3%, because from now on it is trading without the right to a 1.5 euro dividend. The same happens with Motor Oil (“cutting” a dividend of 1.4 euros), which lost more than 4%.
Bank stagnation
The banking index, which is 9% away from this year’s peak, is trying to stabilize at current levels, resulting in + 0.15% and 1,229 units.
His stock Piraeus its share was unchanged at 3.37 euros National multiplied by -0.28% and 7.798 euros, its share Alpha Bank traded at -0.85% and 1.4615 euros, while its share Eurobank, after the approval for the public offer of the Hellenic Bank of Cyprus, it expanded by + 0.56% and 2.14 euros.
The image of the dashboard
In the high-cap index (-0.36% and 3,430 points), the share of melt retreats to -3% and 35.1 euros, while its share Motor Oil fell by -4.3% and 24 euros. Since then, his stock PPC lose 1.5%. However, its stock Aegean increased to + 1% and 11.1 euros. ELECTORS and OTEincreased by + 1.5%, with the second reaching 14 euros.
Regarding the mid-cap index (-0.23% and 2,277 points), the stock of Intralot continues in positive territory and reaches 1.16 euros (+1.2%). His stock Profile it follows + 0.9% and 4.59 euros. On the other hand, the legal loss for the Lebanon project pushed its share to -3% AVAX. Its share also fell by 1.6% Technical Olympiaki.
Overall in the stock chart, 34 stocks are moving higher, 36 stocks are decreasing, while six stocks are unchanged. THE capital in the market ranges of 98.6 billion euros.
Narrow range of fluctuations
In a narrow range fluctuating between 1,400 – 1,460 units The Athens Stock Exchange is still running, while only a few remain three meetings until the end of June, but also in the first semester.
With a mega-deal for him sale of Terna Energy which was announced again MSCI which will not show favoritism to Greece by continuing the AA in Show, pick marketsthe Greek capital market … ran out of special fuel.
This makes it vulnerable again internationally nervousness / novelty, because all attention is premature Parliamentary elections in France and the risk of government instability in Europe’s No.2 economy.
At the same time, the series dividend cut they come – by tradition – to strengthen the board’s sales orders. Remember that yesterday a total of 10 listed companies “cut” the right to this year’s award, while today it’s the turn of melt (1.5 euros/share), Motor Oil (1.4 euros/share) and Fourlis (0.12 euros/share).
Investors’ interest is also focused on the banking sector, which is now far behind 9% from recent highs, with Alpha Bank and Piraeus receiving the most intense pressure. This resulted in the former being at its lowest level since November and the latter at its lowest level since January.
The recent statement of the Minister of Economy, Kostis Hatzidakis, about the possible intervention of the state in the issue of payments, has intensified the concern of the sector, which negatively affects the climate.
Within this framework, the General Index remains in the region of 1,420 units, with a doubling from multi-year high of 1,502 units which is calculated at something more than 5.5%. However, this does not deny the significant increase in the first part, which fluctuates about +10%.
Technically, 1,400 units is still the baseline ‘s support in the General Index, which appears together with the first ones resistances to 1,460 units. The average index for the last 200 days was set at 1,339 points.
Small profits in Europe
Abroad, now, the pan-European Stoxx 600 slightly strengthened by + 0.47% and 520 units, although the investment nervousness it is estimated that it will remain dominant in the view of French elections (on June 30 the first phase).
On the other side of the Atlantic, after his return yesterday S&P 500 in positive territory, its future Wall Street shows marginal fluctuations as traders turn their eyes to Friday’s inflation data (personal expenditure prices).