Stock Exchange: Profits are limited

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LAST UPDATE: 16:21

Athens Stock Exchange gains have been severely curtailed, as sellers are once again “present” at a meeting where expectations were raised to break the bearish streak, leaving selected stocks to support the levels.

In particular, the General Index records gains of 0.10% at 911.56 points, while the turnover is at 113.8 million euros and the volume at 28.4 million units. The FTSE 25 also recorded an increase of 0.14%, to 2,195.29 points, while the banking index recorded gains of 1.40% to 591.37 points.

Turnover elsewhere … profits elsewhere

Although undoubtedly the share of PPC is in the spotlight today, both due to the introduction of new shares and due to its upgrade by MSCI, which will take effect tonight, the rise of Ethniki steals the show. The share of Ethniki, after five declining sessions and cumulative losses of 8.16%, is recovering today at 2.73 euros with gains of 4.83%, giving a significant boost to the General Index. Coca Cola is also giving a boost, with its jump of 2.6%.

Of course, the volume that both of these shares have traded does not exceed 600 thousand units, and of course it does not compare with the 4 million units traded by the PPC share, whose turnover is at 41 million euros. And the estimate is that it will continue to rise until the end of the session, as the stock enters the MSCI Standard, with several inputs being routed.

The Stock Exchange remains “neutral” in positive assessments

However, apart from the market movements based on business developments, a picture that can in no way be characterized as problematic, the average assessment of analysts is that the Stock Exchange has not yet assessed the positive prospects seen by foreign analysts. Yesterday Morgan Stanley saw an upgrade of the Greek economy by Moody’s, while today UBS describes Greece as a growth champion.

Of course, according to analysts, we are expected to see how energy costs will affect the dynamics of the recovery, as increases in fuel and raw material prices create significant problems in the Consumer Price Index. And the fears are that they may affect the dynamic growth of the Greek economy, with the market clearly taking a more cautious stance.

On the dashboard

On the board now, apart from Ethniki and Coca Cola, Terna Energeiaki, Piraeus and Eurobank record profits of more than 1%, while GEK Terna, Alpha Bank, IPTO and PPA are moving slightly upwards. Biochalco is unchanged.

On the other hand, Ellactor loses 2.09%, with PPC, OTE and Motor Oil losing more than 1%. Jumbo, OPAP, EYDAP, ELHA, Aegean, Sarantis, Lambda, HELEX, Hellenic Petroleum, Titan and Mytilineos are moving slightly down.

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