Selective movements in the Stock Exchange

The Athens Stock Exchange is moving cautiously, but also selectively, which, although it shows willingness to be kept at the level of 940 points, does not proceed with moves that involve any risk.

In particular, the General Index records gains of 0.24% at 941.25 points, while the turnover is at 12.3 million euros and the volume at 7.9 million units. The FTSE 25 also recorded an increase of 0.45%, to 2,290.75 points, while the banking index gained 0.11% to 694.25 points.

Yesterday, Ethniki had its honorary title, after circulating through packages approximately 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.

On the board

On the board now, Jumbo and Coca Cola record gains of 1.46% and 1.16% respectively, while OTE, Eurobank, Alpha Bank, Viohalko, Mytilineos, OPAP, ELHA, PPC, Lambda, IPTO, Hellenic Petroleum and move slightly higher. Piraeus.

On the other hand, the losses in Ellactor, Ethniki, Quest and Aegean are over 1%, while EYDAP, Motor Oil, Sarantis, GEK Terna, Titan, PPA and Terna Energeiaki are slightly down.