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.
.
Stock Exchange: Profits are limited
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.
.
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
Web Summit Rio 2024 debates impacts of artificial intelligence
Continued this Wednesday (17) the Web Summit Rio 2024 . On the second day of the event, the lectures and
“There was no violation of the crime scene”, says PM about video that shows police officers moving around the place where a child was injured in a shooting
During a press conference at the headquarters of the General Command of the Military Police in São Paulo this Wednesday
Case of woman who was killed to get a loan is highlighted in the world press
The case of a woman who took a dead man in a wheelchair to the bank to try to get
Reese Witherspoon says artificial intelligence is here to stay in Hollywood
Reese Witherspoon believes that Hollywood needs to “get used” to advances in technology artificial intelligence (AI), as the technology is
UN report warns of increase in maternal mortality in 19 countries
“Poor women and girls belong to ethnic, racial and indigenous minority groups… are more likely to die because they do
Sabrina Sato meets Bia from BBB 24 and “retaliates” for the fall she suffered in reality
Sabrina Sato, 43, and ex-BBB Beatriz, 23, met again this Wednesday (17) and had a new fall, like the one
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
Web Summit Rio 2024 debates impacts of artificial intelligence
“There was no violation of the crime scene”, says PM about video that shows police officers moving around the place where a child was injured in a shooting
Case of woman who was killed to get a loan is highlighted in the world press
Reese Witherspoon says artificial intelligence is here to stay in Hollywood