Second day of profit, but no appetite for risk

Second day of profit, but no appetite for risk

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Today’s meeting was concluded without any inclination to take big risks Stock Exchange of Athens with buyers holding the reins for the second day in a row, leading the General Index more than 1,425 units.

HOWEVER nervousness he is present again, his sample healing which still prevails not only at home, but abroad, where all eyes are fixed political developments in France.

Nevertheless, the Greek market was able to continue safety cushion from the critical ones support of 1400 unitsany loss of it may open the way to 1,380 – 1,360 units.

More specifically, during today’s meeting, Mr General Index noticed little + 0.27% increase and formed by 1,426.20 unitsgained about four points from Tuesday’s close (1,422.32 points).

the arc of diurnal variations placed at eight points (from 1,420.37 to 1,428.71 points), with transaction turnover in the range of 92.8 million eurosof which 15.8 million euros related to pre-agreed packages.

On the board, now, the Motor Oil jumped more than 3.5%, thanks to the approval of the dividend (1.4 euros/share) but also to the favorable prospect for profit in 2024. From there, the Terna Energy returned to 19 euros (+1%), while Alpha Bank and Eurobank expanded more than 1%. THE Mytileneoson the contrary, fell to 1%.

Less profit for banks

The banking index, despite the intra-session volatility, was able to continue yesterday’s reaction, which ended in + 0.78% and 1,261 unitswhich limits the distance from this year’s peaks to -6.5%.

His stock Eurobank increased to + 1.6% and 2,087 euros, its share National Bank followed by + 1.14% and 8,192 euros, its share Piraeus remained unchanged at 3.56 euros, while its share Alpha Bank limited to -0.26% and 1.544 euros.

The image of the dashboard

In the high-cap index (+ 0.25% and 3,455 points), its share Motor Oil increased by 3.6% and returned to 25.5 euros. Its stock also rose at least 2% ELECTORSwhich continues to rise, while the shares of Sarantis, Terna Energy and GEK TERNA increased by more than 1%. On the other hand, its stock Mytileneos retreated 1%, with shares of Aegean, Viohalco, ELVALHALCOR, Titan Cement and Autohellas which will drop from 1% to 2.5%.

Regarding the mid-cap index (+ 0.12% and 2,275 points), the stock of PPA managed to stand at + 2.3% and 25.7 euros, with his share Profile which will fall to + 2.2% and 4.6 euros. EYATH, Kri Kri and Austria card increased by 1%. On the contrary, its part NEED fell to a new historical low, testing the supports at 8 euros (-1.1%). Fourlis and Lavipharmdecreased by 2.4% and 1.8%, respectively.

Overall in the stock market, 41 stocks moved higher, 62 stocks decreased, while 15 stocks remained unchanged. THE capital in the market consists of 99.0 billion euros.

The highest turnover

  • National + 1.14% 23.5 million euros
  • Alpha -0.26% 6.8 million euros
  • Piraeus -0.06% 6.0 million euros
  • Jumbo -0.68% 5.6 million euros
  • Terna Energy + 1.59% 5.4 million euros

The biggest increase

  • Moda + 5.43% 368 euros
  • AS Company + 3.70% 302,529 euros
  • Motor Oil + 3.65% 4.1 million euros
  • Frigoglass + 2.61% 3,721 euros
  • Medicon + 2.50% 11 euros

The sharpest bend

  • Elite -10.00% 925 euros
  • BIOTER -9.38% 2,150 euros
  • Bitros -9.38% 813 euros
  • Akritas -7.56% 15 euros
  • Kyriakoulis -7.33% 46,563 euros

Carefully get up with a view of the outside world

Did the Athens Stock Exchange achieve the second consecutive positive meeting, but the nervousness is again available, with the General Index kept at a dangerous distance from critical support of 1,400 units.

What is certain is that the “trouble” of political uncertaintytraditionally rejected by markets, continues to haunt Europe, influencing negative in investment psychology.

The premature ones parliamentary elections in France scheduled for June 30 (first round) and July 7 (second round). Thus, it is not out of the question that the current trend will continue until early next month when we become wiser to the poll results.

In any case, visibility remained at a low level in Geria Epirus and it reasonably affected Athens as well, despite the fact that the medium-long-term context of the house does not seem to have changed much.

the 1,400 units is the main psychological support of the market, any loss of which, according to the technical analysis of HellasFin, will test the strength of 1,380 – 1,360 units, while the average index of the last 200 days follows 1,339 points.

At the same time, his decision will be announced tomorrow MSCI for inclusion or not in the Athens Stock Exchange of watch list (watch list), with the aim of upgrading to a developed market within 12-24 months.

As far as corporate developments, next week will follow dividend cut in a series of listed companies, something that undoubtedly affects the psychology and decisions of entrepreneurs in different ways.

Now, with no dividend rights, their shares are being sold Noval and Trade Estates.

Marginal loss in Europe

Abroad, now, the pan-European Stoxx 600 it seems to have lost the positive momentum of yesterday’s session, as a result it folded slightly to -0.13% and 514 points. In Paris, at the same time, the index CAC 40 limited to around 0.7%.

On the other side of the Atlantic, after its new high season S&P 500just short of the 5,500 unit milestone, the focus is on Nvidia, whose market capitalization surpassed that of Microsoft. But today, the market is closed because of the holiday.

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