Intense nervousness, several portfolio restructurings and selective moves in key securities was the current picture of the session on the Athens Stock Exchange, which, although it failed to close in negative territory, was able to absorb much of the losses and close in contact with life. of 920 units.
In particular, the General Index closed with losses of 0.03% at 917.80 points, while today it moved between 911.90 points (-0.67%) and 918.21 points (+ 0.02%). The turnover amounted to 70.8 million euros and the volume to 23.2 million units, while 4.8 million units were traded through pre-agreed transactions.
The high capitalization index closed with a fall of 0.01%, at 2,212.57 points, while at + 0.39% Mid Cap completed the transactions at 1,514.77 points. The banking index closed with losses of 0.48% at 594.52 points.
Today’s meeting had many faces, but two were the ones that prevailed. One was the correction of securities that outperformed the previous period, such as that of PPC, and the second was the restructuring of portfolios in view of the announcements for the indexes by MSCI. According to analysts, the revision of the MSCI indices is expected to lead to the addition of 2-3 new shares (PPC – Ethniki – Mytilineos the 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.
Moderate optimism about the economy
In addition to the above, of course, the climate was supported by the assessment by the European Commission that it expects growth of 7.1% for this year and 5.2% for 2022. However, as Capital.gr reports, the forecasts are expectedly higher than those of its draft budget that provides growth of 6.1% for this year and 4.5% for 2021 after the executives of the financial staff announce an upward revision of these forecasts.
However, the market, like the government, does not hide its concern about the rising prices of energy products, along with the new outbreak of the pandemic. Already imported energy inflation increased the Consumer Price Index to 3.4% in October, from -2% in January and -1.8% in October 2020.
On the dashboard
On the board now, PPC lost 4.77%, with Ethniki following with its own -2.83%. Losses of more than 1% were recorded by Terna Energy, PPA and EYDAP, while Viohalco, Eurobank, HELEX, Lambda, Sarantis and Mytilineos closed slightly down.
On the other hand, OTE, OPAP, Piraeus, Ellactor, Jumbo, Motor Oil and Coca Cola closed with profits exceeding 1%, offering significant market support. Aegean, Alpha Bank, Titan, ELHA and IPTO closed slightly higher. GEK Terna and Hellenic Petroleum closed unchanged.
.
Shared, with a view to MSCI, the Stock Exchange
Intense nervousness, several portfolio restructurings and selective moves in key securities was the current picture of the session on the Athens Stock Exchange, which, although it failed to close in negative territory, was able to absorb much of the losses and close in contact with life. of 920 units.
In particular, the General Index closed with losses of 0.03% at 917.80 points, while today it moved between 911.90 points (-0.67%) and 918.21 points (+ 0.02%). The turnover amounted to 70.8 million euros and the volume to 23.2 million units, while 4.8 million units were traded through pre-agreed transactions.
The high capitalization index closed with a fall of 0.01%, at 2,212.57 points, while at + 0.39% Mid Cap completed the transactions at 1,514.77 points. The banking index closed with losses of 0.48% at 594.52 points.
Today’s meeting had many faces, but two were the ones that prevailed. One was the correction of securities that outperformed the previous period, such as that of PPC, and the second was the restructuring of portfolios in view of the announcements for the indexes by MSCI. According to analysts, the revision of the MSCI indices is expected to lead to the addition of 2-3 new shares (PPC – Ethniki – Mytilineos the 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.
Moderate optimism about the economy
In addition to the above, of course, the climate was supported by the assessment by the European Commission that it expects growth of 7.1% for this year and 5.2% for 2022. However, as Capital.gr reports, the forecasts are expectedly higher than those of its draft budget that provides growth of 6.1% for this year and 4.5% for 2021 after the executives of the financial staff announce an upward revision of these forecasts.
However, the market, like the government, does not hide its concern about the rising prices of energy products, along with the new outbreak of the pandemic. Already imported energy inflation increased the Consumer Price Index to 3.4% in October, from -2% in January and -1.8% in October 2020.
On the dashboard
On the board now, PPC lost 4.77%, with Ethniki following with its own -2.83%. Losses of more than 1% were recorded by Terna Energy, PPA and EYDAP, while Viohalco, Eurobank, HELEX, Lambda, Sarantis and Mytilineos closed slightly down.
On the other hand, OTE, OPAP, Piraeus, Ellactor, Jumbo, Motor Oil and Coca Cola closed with profits exceeding 1%, offering significant market support. Aegean, Alpha Bank, Titan, ELHA and IPTO closed slightly higher. GEK Terna and Hellenic Petroleum closed unchanged.
.
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
You may also like
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
The Beauty and Personal Care products company, which was established by a group of young people in Florida State of
CoinEx put up an “epic” Satoshi for auction
Crypto exchange CoinEx put up an “epic” Satoshi for auction. Platform clients can place bids on the auction page, which
WSJ: Grayscale has applied to launch a new product based on Ethereum
The Wall Street Journal (WSJ), citing regulatory documents, reported that the investment company Grayscale has filed an application with the
Tether will block sanctioned addresses
Tether will block wallets of organizations and individuals with USDT that are subject to sanctions by the US Treasury. This
Reassuring US authorities: H5N1 samples detected in milk pose no risk
The American authorities are trying to reassure the citizens of America by emphasizing that the traces of the H5N1 virus
EUR/JPY prepares to reach the 166.00 zone after persistent underperformance of the Japanese Yen
EUR/JPY remains higher amid uncertainty over the BoJ’s next rate hike. Takao Ochi believes that intervention is possible if the
The Bundesbank and MIT will explore the possibilities of a digital euro
The German Federal Bank has announced a partnership with the Massachusetts Institute of Technology (MIT) to research a central bank
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
CoinEx put up an “epic” Satoshi for auction
WSJ: Grayscale has applied to launch a new product based on Ethereum
Tether will block sanctioned addresses
Reassuring US authorities: H5N1 samples detected in milk pose no risk