The series of five consecutive winning sessions discontinued today (10/7) the Stock Exchange of Athenswith sellers to recover the “reins” from the buyers, at their expense dividend cut.
Hellenic Energy (0.60 euros), Jumbo (1.00 euros) and Piraeus (€0.06) came under pressure as they traded without bonus rights this year, negatively affecting the entire market.
And this, despite the fact that the the climate outside the country has clearly improvedwith the volatility and uncertainty surrounding the French political landscape to take second place, while o S&P 500 broke a series of records.
In this context, during today’s meeting, Mr General Index known to be controlled less than 0.48% and formed by 1,444.31 unitslost nearly seven points from Tuesday’s close (1,451.22 points).
the arc of diurnal variations set at 12 units (from 1,440.62 to 1,452.46 units), with transaction turnover in the range of 88.4 million eurosof which 4.9 million euros related to pre-agreed packages.
On the board, now, the Hellenic Energy fell by almost 6.5%, the Jumbo lost 4%, while Piraeus Street fell to 0.8%. On the other hand, its stock GEK TERNA continues to the record level (24-year high), which exceeded 17.5 euros.
Slight decline in banks
The banking index, influenced by broader sentiment, doubled to -0.84% and 1,258 unitsdown 6.7% from this year’s high of 1,349 units.
His stock Piraeus its share is limited to -0.87% and 3.65 euros Eurobank its share “fell” to -1.71% and 2.069 euros Alpha Bank ended at -0.61% and 1.64 euros, while its share National closed at -0.38% and 7.86 euros.
The image of the dashboard
In the high-cap index (-0.63% and 3,513 points), the share of Hellenic Energy, which cut its dividend by 0.60 euros, retreated to -6.49% and 7.78 euros. Its share also fell by more than 4% Jumbo, which stopped including the right to reward 1 euro. At the same time, the Viohalco, Motor Oil, OPAP and Development of Lamda they lost at least 1%. On the contrary, its part GEK TERNA expanded to + 2.3% and 17.6 euros, marking a new 24-year high. More than 2.6 euros, the ELECTORSwhich gained 2.1%. Aegean, Titan Cement, Coca Cola and Autohellas strengthened by about + 1%.
Regarding the mid-cap index (-0.11% and 2,307 points), the stock of Intralot negative stands at -2% and 1.24 euros, correcting from yesterday’s 6-year high, while losses of more than 1% are also presented in shares of Intracom – HEXA. However, its stock Lavipharm jumped to + 4.8% and 0.91 euros, with its share Profile fall by + 1.2% and recover 5 euros. His share closed at + 2.5% and 26.6 euros PPA, reached a 3-month high. Special mention should be made of Attica Bankwhich rallied + 19% with a turnover of 659,277 euros.
Overall in the stock market, 54 stocks advanced, 49 stocks declined, while 19 stocks remained unchanged. THE capital in the market consists of 100.4 billion euros.
Stop climbing in succession
The “brake” is on. five days bullish it’s a streak press Stock Exchange of Athensbut no one could have great complaints from the course of the previous days, which was judged by many to be satisfactory.
And this, because the General Index, on the one hand, is close to moving average of the last 50 days (1,447 units), on the other hand it has built enough safety distance from critical supports of 1,400 units.
How, now, this year maximum 1,502 units (closing 5/20) slowly re-entered the “game”, with the first resistance point at 1,460 units. However, patience is required as challenges lie ahead.
And this, because low investment visibility, the political uncertainty of France, the extreme volatility and the traditional summer slowness these are factors that at any time and moment can overturn today’s realities.
The upside is, in any case, that investors still approach with a calm the unexpected developments in Paris avoiding severe liquidations and offering an unexpected stability to the stock market.
At the same time, the attractive valuations on the Greek board (8x average P/E) is a good entry argument for buyers who want to participate in this year’s strong movement, which exceeded +12% by 2024.
“The Greek stock market, which is the “cheapest” of the “cheap” Europeans, has the conditions to attract international funds to the extent that the conditions allow even a small change in managers’ strategy in relation to the willingness to take investment riskscommented or Dimitris Tzanas of Kyklos AHEPEY.
And of course, let’s not forget the sequences business dealswhich shows the hidden values of many listed companies.
European earnings, S&P 500 7×7
Abroad, today, with all eyes on Paris, European indices showed mild gains, while the Stoxx 600 strengthened by + 0.54% and 514 units. At the same time, the French showed an increase of 0.6% CAC 40.
On the other side of the Atlantic, awaiting tomorrow’s inflation data, Mr S&P 500 rose for the 7th consecutive session, putting it a breather from 5,600 units. THE Dow Joneson the contrary, it was almost unchanged at 39,300 units.