Pressures and turnover through packages on the Stock Exchange

The Athens Stock Exchange is currently moving at the level of 940 points, which not only fails to keep its positive morning sign, but now most of its stocks remain under pressure from sellers.

In particular, the General Index records losses of 0.58% at 939.70 points, while the turnover is at 47.4 million euros and the volume at 21.3 million units. The FTSE 25 also fell 0.50% to 2,284.54 points, while the banking index lost 0.37% to 692.38 points.

Although the trading activity on the ATHEX seems to be increased, no one can ignore the fact that the 24 million euros have been traded through pre-agreed transactions, mainly in the share of Ethniki. The three packages had a volume of 6.6 million pieces in total and a value of 23.8 million euros.

The role of bonds

However, the climate worsened when the pressures on the bonds began to appear, with the yield of the Greek ten-year rising sharply to the level of 2.30%, affecting the borrowing costs of the listed companies. And this development is in stark contrast to the estimates of foreign analysts, who insist on the strong prospects of the Greek economy, as today the Scope house. According to the house, the yield on the Greek 10-year bond may have exceeded 2% due to the conclusions of the ECB meeting, but it remains at a moderate level in relation to history.

Also, Scope estimates that the Greek GDP will increase by 9.3% in 2021 from 8.9% that he had estimated before – and which is the highest estimate we have seen from a house. For 2022 the growth is estimated to be at 4.4% and in 2023 at 2.5%, while the estimates for the public debt and the deficit are revised downwards. The debt-to-GDP ratio is estimated to fall to 198.7% at the end of 2021 (from 199.1% previously forecast) and to 192.2% at the end of 2022 and slightly below 180% by 2026.

Dashboard

On the board now, Ellactor loses 2.29%, with GEK Terna, Motor Oil, Aegean, PPC, Jumbo, Hellenic Petroleum, EYDAP and Piraeus following with losses of more than 1%. Lambda, Alpha Bank, Coca Cola, Viohalko, Ethniki, Quest, IPTO, Sarantis, ELHA and PPA are moving slightly downwards.

On the other hand, Eurobank, Terna Energy, Titan, OTE and Mytilineos are moving in positive territory, but none is moving with gains of more than 1%. OPAP is unchanged.