his best session in the last two weeks succeeded today (18/6) the Stock Exchange of Athens with buyers placing “brake“at low streak and get one first reaction after recent folding.
In this way, the Greek market was able to “build” one minimum safety cushion from the critical ones support of 1,400 unitswhich are still the first ones embankment before the 200 mark (1,339 units).
However, the investment visibility remains limited, because the risk of political uncertainty in Europe will continue to remain at a high level until this is achieved early parliamentary elections in France.
In any case, during today’s meeting, Mr General Index was noted to be significant 1.30% increase and closed near the day’s high of 1,422.32 points, gaining 18 points from Monday’s close (1,404.11 points).
the arc of diurnal variations set at 15 units (from 1,407.20 to 1,423.05 units), with transaction turnover in the range of 109.3 million eurosof which 17.2 million euros related to pre-agreed packages.
On the board, now, the National Bank stood at +3.2% and returned to 8 euros, while from the 5-month lows “descended” Piraeus (+1.3%). From there, the PPC reached a breath of 11 euros (+3.1%), with ELECTORS and ADMIE to rally 5% and 3%, respectively.
Stock market: 5% rally for Ellactor – Best day in 6 months
Earnings of around 2% of banks
The banking index continues its first upward reaction, after a series of three negative sessions, as a result of which it strongly strengthens the + 1.92% and 1,251 units.
His stock National Bank increased by + 3.24% and 8.10 euros, its share Piraeus expanded to + 1.39% and 3.565 euros, its share Alpha Bank sold at + 1.57% and 1.548 euros, while its share Eurobank followed by + 0.98% and 2.054 euros.
The image of the dashboard
In the high-cap index (+1.21% and 3,446 points), its share ELECTORS jumped to + 5.11% and 2.47 euros ahead of the return on capital of 0.5 euros, the cut-off of which is set for July 22. At the same time, the shares of PPC and Titan cementwhile the parts of Cenergy, Aegean and Autohellas closed at +2%. Helleniq Energy, Jumbo ELVACHLAKOR, EYDAP, Motor Oil and Terna Energy increased by more than 1%.
As for the mid-cap index (+ 0.91% and 2,272 points), the stock of ADMIE made a mini-rally of + 3.7% and 2.20 euros, thanks to the satisfactory quarterly results. Fourlis and AVAX gained 2.5% and 3%, respectively, of their shares Lavipharm, Intracom, ΟΛΠ and Plastics of Thrace expansion of more than 1%. On the contrary, its part Technical Olympian lost 1.6%, while EYATH shares lost 1.3%.
Overall in the stock market, 67 stocks advanced, 27 stocks declined, while 20 stocks remained unchanged. THE capital in the market consists of 98.8 billion euros.
The highest turnover
- Piraeus + 1.39% 19.6 million euros
- National + 3.24% 19.0 million euros
- Eurobank + 0.98% EUR 17.6 million
- Alpha + 1.57% €10.0 million
- Jumbo + 1.61% 4.3 million euros
The biggest increase
- EARNED + 7.58% 92 euros
- AVE +6.45% 1,786 euros
- Interwood + 5.61% 915 euros
- Less + 5.11% 1.1 million euros
- Frigoglass + 4.55% 4,611 euros
The sharpest fall
- SATO -8.82% 465 euros
- Akritas -8.51% 868 euros
- Marble -7.23% 13,010 euros
- Alpha Real Estate -3.75% 16,097 euros
- LANAKAM -3.23% 1,532 euros
Stock market: The correction gives birth to … buying opportunities
A ray of light in the lingering uncertainty
“Brake»in a series of negative sessions (3×3) managed to put the Athens Stock Exchange, with the General Index holding the claws and with the… teeth the precious support of 1,400 units.
The good atmosphere abroad certainly contributed to this effort, which it did first adequate reaction of buyers in the recent rollback from this year’s “peaks”.
Let’s not forget that since May 20, when the General Index “punched” the ceiling of 1,500 units, the losses reached 100 points or 6.5%in the biggest downward movement since August – October 2023 (-15%).
THE virus of political uncertaintywhich infected No. 2 economy in Europe, namely France, was – and continues to be – the main “wound” not only in Athens, but in the entire Old Continent.
In fact, this nervousness cannot be ruled out to continue until the investor gains greater visibility, that is, until second round of parliamentary elections in Francescheduled for July 7.
Today, however, buyers were able to create a minimum “cushion” of safety from it psychological support of 1,400 unitsany collapse of this will pave the way for a slide towards average over the last 200 days (1,339 units).
And all this, because of the important Thursday, when the market will officially know if the house MSCI enter AA at watch list (view list) for possible upgrade the developed buy the depth of 12-24 months. This is one of the main goals of HEXA, which, if achieved, is sure to change the situation greatly – for the better, of course.
Income in Europe, Wall
Abroad, European shares are now heading for an upward “turn”, after heavy losses in the past few days, as the Stoxx 600 recovered + 0.65% and 514 points. By 0.7% it also increased CAC 40 in Paris.
On the other side of the Atlantic, where euphoria remains high, signs of it Wall Street they continued the… party, with him S&P 500 which is a short distance from the milestone of 5,500 units, recording small gains of 0.2%.
On the Stock Exchange Dashboard: Piraeus’ 5-month low and Lamda’s 2-month jump