Ethniki and PPC are dropping the Stock Exchange

With sellers now making their presence felt, the Athens stock market is slipping again into negative territory towards the area of ​​930 points, with Ethniki and PPC being at the center of the pressure.

In particular, the General Index records losses of 0.51% at 933.26 points, while the turnover is at 29.4 million euros and the volume at 14.3 million units. The FTSE 25 also fell 0.48% to 2,269.84 points, while the banking index lost 0.79% to 688.06 points.

Although it tried to regain the levels of 940 points, finally after 12:00 the sellers returned to the terminals and lead the general index to lower levels. At the center of the liquidations are both PPC and Ethniki, which yesterday had its honorary, after moving through packages of about 27.5 million euros, or almost 1/3 of the total market turnover.

Today, it is probably the turn of Eurobank, which in the first twenty minutes of the meeting traded 4 million units through a package, ie worth 4.24 million euros. And this is not the first time, as all banking stocks, except perhaps Piraeus, have offered a strong field in pre-agreed transactions lately.

And not a few analysts, but also large portfolios, link these moves with the restructuring of the MSCI indexes expected on February 9. The possible changes will be implemented on March 1, 2022, while in the previous meeting of the implementation the trading activity appears increased, as the investors who follow the indices take their positions both in terms of the changes in the shares and the weights. The next announcement of the half-yearly review is set for May 12, 2022.

However, according to a recent comment by analyst Dimosth. Trigger of Beta Securities, no introduction / deletion from the MSCI Greece Standard Index is expected, as the ranges of capitalizations used in the quarterly revision of the MSCI indices are significantly expanded, with the result that the changes are limited. The National Bank, if the capitalizations do not change significantly, is expected to be included in the May revision. At the same time, Mytilineos’s share in the May revision is starting to have chances for entry. It is noted that OTE, OPAP, Jumbo, PPC, Eurobank and Alpha Bank are in the MSCI Greece Standard index.

Dashboard

On the board now, Ethniki loses 2.72% and PPC loses 2.37%, with Aegean, Lambda, Ellactor, Hellenic Petroleum, Titan and GEK Terna following with losses exceeding 1%.

GEK Terna, Motor Oil, Sarantis, Alpha Bank, Mytilineos, Terna Energeiaki, Viochalko, Eurobank, Quest, PPA, EYDAP and ELHA are moving slightly down, while Coca Cola, IPTO and Piraeus are unchanged. OPAP and OTE are moving slightly upwards, with Jumbo being at + 1.15%.