Today, the Athens stock market is testing its strength towards 860 points, led by the banking rise, which is fueled by the positive results that the sector has announced so far.
In particular, the General Index registers gains of 0.84% at 858.18 points, while the turnover is at 5 million euros and the volume at 2.3 million pieces. An increase of 1.02% was recorded by the FTSE 25, at 2,071.07 points, while the banking index gained 2.70% at 535.23 points.
Although the market has struggled with low turnover, it is finally coming off a month that delivered gains of around 5%, with several titles giving a decent reaction after the lows of the first ten days of July. This week will also provide important reasons to put or sell as the results period comes to an end. So before we get into the hard core of seasonal trading contraction, we might see some notable moves from the remaining portfolios.
Of course, as Ilias Zacharakis of Fast Finance comments, psychology is still at very low levels worldwide as everyone is talking about a difficult winter. Certainly the decisions in relation to the evolution of the war plays its role, nevertheless everything shows that markets and bonds had discounted much worse situations. A positive news in the fall along with the decrease in inflation may be enough to bring optimism back to the markets. They themselves react as they see fit and usually when good news comes they find an opportunity to correct again.
On the board now, according to Zacharakis, we see that most are taking a wait-and-see attitude without rushing, with the sellers, at least at this stage, not being able to easily give bigger losses. The first results are encouraging, showing that the Greek economy and at the same time the listed companies are in a phase where they can hardly stop the upward trend of their results. The results of the banking sector are expected, which has definitely lagged behind in the stock market, as the fear of an increase in bad loans is noticeably higher. Such a thing, however, does not seem to be happening, waiting for the evidence from the results.
Dashboard
On the board now, Piraeus, Alpha Bank, Eurobank and Ethniki record gains that exceed 2%, while Viohalko, Titan, Hellenic Petroleum, ADMIE and Quest are up more than 1%.
OPAP, Aegean, GEK Terna, ELHA, Motor Oil, Terna Energy, PPC, Coca Cola and OTE are moving slightly upwards, with PPA and Ellaktor not changing. On the other hand, Mytileneos, Sarantis, Lambda and Jumbo are slightly down, with EYDAP at -1.38%.
Banks lead the Stock Market higher
Today, the Athens stock market is testing its strength towards 860 points, led by the banking rise, which is fueled by the positive results that the sector has announced so far.
In particular, the General Index registers gains of 0.84% at 858.18 points, while the turnover is at 5 million euros and the volume at 2.3 million pieces. An increase of 1.02% was recorded by the FTSE 25, at 2,071.07 points, while the banking index gained 2.70% at 535.23 points.
Although the market has struggled with low turnover, it is finally coming off a month that delivered gains of around 5%, with several titles giving a decent reaction after the lows of the first ten days of July. This week will also provide important reasons to put or sell as the results period comes to an end. So before we get into the hard core of seasonal trading contraction, we might see some notable moves from the remaining portfolios.
Of course, as Ilias Zacharakis of Fast Finance comments, psychology is still at very low levels worldwide as everyone is talking about a difficult winter. Certainly the decisions in relation to the evolution of the war plays its role, nevertheless everything shows that markets and bonds had discounted much worse situations. A positive news in the fall along with the decrease in inflation may be enough to bring optimism back to the markets. They themselves react as they see fit and usually when good news comes they find an opportunity to correct again.
On the board now, according to Zacharakis, we see that most are taking a wait-and-see attitude without rushing, with the sellers, at least at this stage, not being able to easily give bigger losses. The first results are encouraging, showing that the Greek economy and at the same time the listed companies are in a phase where they can hardly stop the upward trend of their results. The results of the banking sector are expected, which has definitely lagged behind in the stock market, as the fear of an increase in bad loans is noticeably higher. Such a thing, however, does not seem to be happening, waiting for the evidence from the results.
Dashboard
On the board now, Piraeus, Alpha Bank, Eurobank and Ethniki record gains that exceed 2%, while Viohalko, Titan, Hellenic Petroleum, ADMIE and Quest are up more than 1%.
OPAP, Aegean, GEK Terna, ELHA, Motor Oil, Terna Energy, PPC, Coca Cola and OTE are moving slightly upwards, with PPA and Ellaktor not changing. On the other hand, Mytileneos, Sarantis, Lambda and Jumbo are slightly down, with EYDAP at -1.38%.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
You may also like
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
The Beauty and Personal Care products company, which was established by a group of young people in Florida State of
Mass evacuation in Turkey’s Tsanakale
More than 2,000 inhabitants were forced to leave their homes immediately Monday in the Turkish province of Tsanakale, in the
German Foreign Minister excludes territorial concessions from Ukraine for the sake of peace with Russia
German Foreign Minister Johann Vandeful said that “violence is not allowed to move borders”, rejecting cases of possible territorial concessions
Three dead from shooting in a shop in Oustin, Texas – The perpetrator arrested
Three dead and one arrested are the report of shootings on Monday outside a Target store in Oustin, Texas. Police
The EU condemns the murder of al -Jazeera journalists in an Israeli attack on Gaza
The European Union expressed its strong condemnation of the murder of five al -Jazeere -based television journalists, based in Qatar,
One dead and two missing from the Pennsylvania factory explosion – several injured
The explosion at Clairton Coke Works in US Steel, about 25 kilometers from Pittsburgh in Pennsylvania, resulted in the death
Thirteen dead and over 60 wounded in two buses by bus in Peru
At least 13 people were killed and more than 60 were injured in two buses by bus in South Peru,
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
Mass evacuation in Turkey’s Tsanakale
German Foreign Minister excludes territorial concessions from Ukraine for the sake of peace with Russia
Three dead from shooting in a shop in Oustin, Texas – The perpetrator arrested
The EU condemns the murder of al -Jazeera journalists in an Israeli attack on Gaza