June in… correction proved to be this year for many of its listed companies High and Middle Capitalization on Stock Exchange of Athens which was instrumental in -1.8% of the General Index in the last 30 days partially “destroying” the satisfactory performance of the first semester (+8.6%).
The pressures on the refineries
The government’s surprise decision to roll back the unique refiner’s income tax has, understandably, put significant pressure on parts of the Motor Oil and Helleniq Energy. In fact, the first, which in the past days also cut the dividend – a record for 2024, folded by 16% in June, lost all of this year’s income and retreated to a 7-month low (23.3 euros). Similarly, the share of Helleniq Energy returned to a level unknown since February (7.8 euros), having lost 8% of its value in the last 30 days, falling below 8 euros.
Bank losses
From there, the focus of pressure is also placed on the bank’s shares, paying the price for the rumors of the extraordinary tax in the sector, but also for the new pressures of the Ministry of Finance on the issue of payments.
The biggest burden is borne by the parts of Alpha Bank and Piraeus, which during the month decreased by 9%, significantly moving away from the peak of the year. Fortunately for the former, the upgrade from Moody’s intervened, contributing to the immediate recovery of 1.5 euros.
At the same time, Viohalco down 8% in June, “cutting” this year’s revenue to single-digit levels (<10%). At -8% he said goodbye to the moon and EYDP.
The pleasant surprises
On the other hand, the levers of dominance of the sellers are erected on their stocks Cenergy and Terna Energy. The former rose 13% in the last 30 days, rising to a consecutive high and reached within a breath of 10 euros (9.8 euros intra-session high on 6/27).
TENERG, for its part, thanks to the deal with the main shareholder (GEK TERNA) for the sale of the majority package to the Arabs of Masdar, strengthened more than 6.5% and approached 20 euros, which is also agreed selling price of the shares. .
The image in the middle
In terms of mid-cap, Intracom, AVAX and Profile suffered the heaviest pressures, losing 16%, 13% and 12%, respectively, in June. Their shares trailed by double-digit losses Lavipharm, Technical Olympiaki.
On the contrary, the parts of Intralot, PPA and Optima Bank, which managed to close the month with a positive sign, gaining from 3.7%, 3.3% and 2.4%, respectively.