Stock Market: ‘Surprised’ by MSCI

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The stagnation still continues today (21/6) at Stock Exchange of Athens with investors splurging selected placementsassess all the latest developments.

the mega-deal with Terna Energy is still in a prominent position, while at the same time the market is “numb” from his decision MSCI on do not enter AA on the watch list for upgrading developed markets.

And all this, while we waited for him in the sun triple maturity of derivativesbut also the established restructuring of the indicatorswhich is expected to lead to a jump in the amount of transactions.

More specifically, during today’s meeting, Mr General Index mark marginal to 0.13% and formed by 1,423.49 unitsgained about two points from Thursday’s close (1,421.71 points).

the arc of diurnal variations up to four units (from 1,421.65 to 1,425.90 units), with transaction turnover which will change to 4.5 million euros in the first 20 minutes.

On the board, now, Hellenic Energy and Motor Oil found it difficult to react after the shock of extraordinary taxation. Since then, the titanium tried to recover 30 euros, h Coca Cola returned more than 32 euros, while Intranets fell below 5 euros.

Banks have not changed

The bank index was almost unchanged at + 0.04% and 1,247 unitsremains more than 7% away from this year’s highest (1,349 points).

His stock Alpha Bank imperceptibly strengthened by + 0.30% and 1.5245 euros, the share of Piraeus its share moved to + 0,14% and 3,504 euros Eurobank traded at -0.10% and 2.08 euros, while its share National Bank stable at 8.08 euros.

The image of the dashboard

In the high-cap index (+ 0.08% and 3,450 points), its share Coca Cola expanded to + 1.1% and 32.1 euros, with its share Titan cement to try to exceed 30 euros again. Hellenic Energy and Motor Oilat the same time, shows a small fluctuation, which is affected by the extraordinary income tax in 2023. On the contrary, the stock of Mytileneos fell by -0.9% and 35.4 euros. Cenergy, Jumbo and OTE they followed losses up to 0.6%.

Regarding the mid-cap index (+ 0.13% and 2,260 points), the share of Fourlis stands positive at + 2% and 3.87 euros, while the shares of Αλουμύλ, Intralot and PPA which is about 1%. However, its stock HE IS HERE fold to -1.20% and lose 5 euros. AVAX, Intracat and GOOD fall by at least 1%

Overall on the stock market board, 43 stocks are moving higher, 29 stocks are declining, while 11 stocks are unchanged. THE capital in the market ranges of 99 billion euros.

Today’s agenda is “rich”.

“Full” today (the last day of the week) in the Athens Stock Exchange, while o General Index it tries to evaluate and manage the new data, because it is formed by the developments of the previous days.

On the one hand, then, we have it mega-deal with Terna Energywhere GEK TERNA is the main beneficiary (it will put in the treasury an amount in the order of 900 million euros), but also other shareholders, given that a public proposal for the – claim of 100% of Arabs in Masdar will follow.

On the other hand, the house MSCI he didn’t do Greece any favors and excluded the Athens Stock Exchange watch list (watch list) for the upgrade in developed markets. In this way, AA remains in the new markets, where it was downgraded 11 years ago, ie in 2013.

At the same time, the imposition of a new one has caused concern extraordinary tax last year’s surplus income of the two refineries, along with their shares Motor Oil and Helleniq Energy to minimize the reaction to this news.

In fact, yesterday there were rumors about the extraordinary tax also on the banks, which were finally denied by the sources of Maximos. If you remember, there was a similar rumor last year as well.

All this, accompanied by a long time political uncertainty in France and the dubious course lower interest rates, creating a climate of stagnation and low investment visibility in the Athens Stock Exchange.

Currently, the General Index is in the region of 1,420 points, which has retreated 5.5% from the year’s high of 1,502 points. But, despite all this, it still is gained about 10% since the beginning of the year.

Within this context, the 1,400 units continues to be an important support, any loss of it could lead to 1,380 – 1,360 points. The average over the past 200 days, however, remained at 1,339 units.

Do not forget that now he is there triple maturity of derivativesbut also changing the indices to the FTSE Russell.

At the same time, today is the last day before its introduction Athens International Airport at “25aris”in place of Quest Holdings, which, together with Optima Bank, will be included in MID CAP (“Premia and Alumyl will leave”).

Small changes in Europe

Abroad, today, volatility continues in European markets, with Stoxx 600 is at -0.14% and 518 points. Losses of 0.5% are also shown in FTSE MIB in Italy.

On the other side of the Atlantic, after the temporary more than 5,500 unitsthe S&P 500 appears to be consolidating near all-time highs, while futures showed a marginal start to the session.

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