The continuation of the upward reaction wants to give the Stock Exchange of Athens with investors remaining in the driver’s seat for the 3rd day, which helps confirm the support of 1,400 units.
the UK election results and one’s expectation, as far as possible, small victory for Le Pen in the second round of the French parliamentary elections, they undoubtedly improved the psychology of the short term.
But, obviously investment visibility remains low, which is reflected in low turnover. On the positive side, however, we can add something new upgrading of Greek banksthis time from S&P.
Within this framework, the General Index records little 0.25% increase and formed by 1,439.47 unitsgained 3.5 points from Thursday’s close (1,435.81 points).
the arc of diurnal variations reaches four units (from 1,436.56 to 1,440.52 units), with transaction turnover which fluctuates around 3 million euros in the first 20 minutes.
On the board, now, is his stock Hellenic Energy returned more than 8 euros, while the banks register a small increase, maintaining the positive sign. On the other hand, EpsilonNet it loses 2%, falling again to 12 euros, which is the same as the purchase price from the main shareholders.
Less profit for banks
The bank index is trying to maintain positive territory, supported by the upgrade from S&P. Thus, it is slightly improved by + 0.14% and 1,269 units.
His stock Piraeus expanded to + 0.55% and 3.668 euros, its share Eurobank its share follows + 0.33% and 2.125 euros Alpha Bank sold at + 0.25% and 1.628 euros, while its share National limited to -0.38% and 7.918 euros.
The image of the dashboard
In the high-cap index (+ 0.27% and 3,511 points), its share Hellenic Energy increased to + 1.1% and 8 euros, with shares of Autohellas, Sarantis, ΕΥΔΑΠ, Motor Oil and Cenergy to earn at least 1%. Its share is next to + 0.5% OTEthat yesterday the right to dividend was cut.
Regarding the mid-cap index (+ 0.29% and 2,287 points), the stock of EpsilonNet slips to -2.1% and 12.04 euros, “getting” the difference compared to the purchase price of the main shareholders (12 euros). On the other hand, its stock EYATH increased by 2%, while the shares of Profile, HEXA and PPA earn from 1%.
Overall in the stock market, 58 stocks are moving higher, 22 stocks are decreasing, while nine stocks are unchanged. THE capital in the market ranges of 99.8 billion euros.
It confirmed the support of 1,400 units
The eyes of the Athens Stock Exchange remain focused on Europe today, as investors rush to assess “heavy” political developments in United Kingdom and France.
Yesterday, Britain gave Labor a historic victory – the biggest since 1997 – shipping Chris Starmer in the prime minister’s seat and Rishi Sunak of the Conservatives in the opposition seat.
Analysts are optimistic that the return of Workers in power (for the first time in 14 years) will help improve relations between the UK and the European Union. And this is something that is positively valued by the market.
At the same time, time is counting down for the parliamentary elections in Francewith all opinion polls considering the possibility of forming a self-sustaining government ranging from difficult to impossible National Rally of Marine Le Pen.
This, although a relief in the short term, nevertheless creates many problems in the long term, as it is expected to intensify the government’s stability deficit in No.2 economy in the Eurozone.
All of this, logically, directly affected the Athens Stock Exchange, which yesterday was able to break the long-term oscillation of the past weeks and returned above 1,430 units. This is the first step before the resistance of 1,450 – 1,460 units.
It is also important that the General Index once again confirms the endurance of 1,400 units, manage the construction of a minimum distance from critical supports.
Now, the Greek market is likely to receive more support from its recent upgrade Standard & Poor’s on Greek banks. A positive development, which came a few days before the first dividend distribution.
It should be noted that, despite the recent folding of the General Index maximum 1,502 unitsthis year’s market returns are still in the 10% range.
Started in Europe
Abroad, now, the pan-European Stoxx 600 strengthened by + 0.40% and 519 points, with the British FTSE 100 to increase 0.40%, while investors seem satisfied with the election results.
On the other side of the Atlantic, after the Independence Day holiday yesterday, the Wall Street futures made small gains, with analysts awaiting the latest data on the labor market.