Increase in turnover, packages and in the end… profits for the Stock Exchange

With gains, he finally managed to close the Athens Stock Exchange, which after an intensely nervous meeting managed to activate the “bodyguards” mainly in the banking sector and to absorb the pressures that brought the General Index close to 930 points intra-conference.

In particular, the General Index closed with gains of 0.42% at 942.06 points, while today it moved between 931.97 points (-0.65%) and 941.76 points (+ 0.39%). The turnover amounted to 116.2 million euros and the volume to 50.4 million units, while 11.6 million units were traded through pre-agreed transactions.

The high capitalization index closed with gains of 0.79%, at 2,298.57 points, while at -0.59% Mid Cap completed the trading at 1,557.67 points. The banking index closed with gains of 1.66% at 705.05 points.

The ATHEX went through forty waves today until it managed to confirm the 940 units, as the range fluctuated even reached 10 units. Also, the pattern of pre-agreed transactions was repeated, mainly in the banking sector, with Eurobank having its honor today. Eurobank traded 7.32 million units worth 7.78 million euros, Ethniki 2 million units worth 6.97 million euros, Alpha Bank 890 thousand units worth 1.18 million euros and Piraeus 1, 2 million pieces worth 1.79 million euros.

They withstood 930 units

However, what is important is that the General Index managed to defend the 930 points, ie a very important zone, according to Ilias Zacharakis of Fast Finance, since this was the level that plagued the market for a long time. According to him, the market continues in the same pattern of 2 gears. The majority of securities are flirting again with the lows of the season with the banking continuing to have the upper hand in the market.

However, there are many analysts, but also large portfolios, who link these moves with the restructuring of the MSCI indexes that is 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.

It is reminded here that, 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.

On the board

On the board now, Alpha Bank closed with gains of 3.72%, OPAP strengthened by 3.47% and Piraeus by 2.93%, while the rise in Jumbo, OTE and EYDAP was over 1%. Eurobank, IPTO and Coca Coca closed slightly higher, while Sarantis and Mytilineos closed unchanged.

On the other hand, PPC lost 2.49%, with Viohalko, Hellenic Petroleum, Titan, Ellactor, Lambda and ELHA following with losses that exceeded 1%. GEK Terna, Ethniki, Motor Oil, Aegean, Terna Energy, PPA and Quest closed slightly lower.