Neither did the Commission το raise the stock market

The Athens Stock Exchange is currently moving steadily in negative territory, failing to capture the large-scale revision of estimates for the course of the Greek economy since Commission, as he remains trapped in the correction of most of his titles.

In particular, the General Index records losses of 0.53% at 913.22 points, while the turnover is at 25 million euros and the volume at 8.7 million units. The FTSE 25 also fell 0.60% to 2,199.55 points, while the banking index recorded losses of 0.89% to 592.05 points.

This picture improved slightly earlier, when the European Commission announced that it expects growth of 7.1% for this year and 5.2% for 2022, but quickly the sellers took the reins. However, as Capital.gr reports, the forecasts are expected to be higher than those of the preliminary draft budget that provides growth of 6.1% for this year and 4.5% for 2021 since the executives of the financial staff announce an upward revision of these forecasts.

Nervousness until… midnight

Clearly the market picture has to do with today’s MSCI announcements today at midnight about the structure of its indices. And according to analysts, the revision of the MSCI indices is expected to lead to the addition of 2-3 new shares (PPC – Ethniki – Mytilineos candidates) to the five already participating in the key index.

Analysts’ estimates also focus on PPC shares, which according to JP Morgan will join Standard Greece, after the completion of the share capital increase, which increases the number of traded shares of the Greek listed company, as well as of its capitalization. Société Générale has made a similar provision for the addition of PPC to the MSCI Greece Standard and MSCI Emerging Markets. As he had estimated, the share of Jumbo will be deleted while there will probably be two additions at the same time, those of the National Bank and PPC.

On the dashboard

On the board now, PPC is recording losses of 3.64%, with PPA, Sarantis, Viohalko, Terna Energy, Eurobank, OTE and EYDAP following with a drop of more than 1%. Ellactor, Hellenic Petroleum, OPAP, Alpha bank, HELEX, Ethniki, Piraeus, GEK Terna, Mytilineos, ELHA and Motor Oil are moving slightly down.

On the other hand, Coca Cola is gaining 1.27%, offering significant support with its weight, while Aegean, Titan, Jumbo and Lambda are moving slightly upwards. IPTO is unchanged.