Stock market up, selective movements on the board

Today, the Athens stock exchange is looking for its equilibrium in the zone of 880 units, maybe even slightly higher, which in the middle of August makes more procedural and less strategic moves.

In particular, the General Index registers gains of 0.49% at 883.08 points, while the turnover is at 11.7 million euros and the volume at 9.8 million pieces, due to a large package in Eurobank, worth 7.8 million euros. An increase of 0.59% was recorded by the FTSE 25, at 2,133.56 points, while the banking index gained 1.27% at 579.78 points.

In the short-lived “week” that begins today the market will try to digest the levels, according to most analysts, clearly guided by the political developments that may accelerate in the next period. After all, on August 22 the Parliament opens again, with the market expecting to see the “damage” that the wiretapping case did to the government.

In the meantime, the market sees the country’s “heavy industry” overperforming, as the image, both of Greece as a tourist destination and of Athens in particular, remains positive among foreign visitors, with our country maintaining its competitiveness, surpassing the European ones averages. In fact, it is open to the possibility that the country’s tourism revenues will exceed the revenues of 2019 and even reach 20 billion euros, giving significant fiscal breathing space to the Ministry of Finance.

However, until the above becomes clear, the market will move based on the tone given from abroad, which is also cautious, but also on the basis of the expiration of rights in shares & SMEs as well as SMEs in the FTSE/ATHEX Large Cap Index .

On Friday, August 19, 2022, late at night, the announcements on the restructuring of the FTSE Russell indices of the six-month review are expected, when no changes of Greek interest are expected. Greece participates in the FTSE All World with just 0.03% with 19 billion euros in an index that reaches 58.9 trillion. euro. At the same time, it participates in FTSE Emerging with 0.32% with the total index exceeding 5.9 trillion. euro.

Dashboard

On the board now, Sarantis, Titan, ADMIE, Ethniki, Alpha Bank, GEK Terna, Eurobank, OPAP, Piraeus, PPC, Quest and Biohalko are recording gains that exceed 1%, giving a significant boost to the market. Mytilinaios, Terna Energy and Hellenic Petroleum are also close to +1%.

Aegean, PPA, ELHA and OTE move slightly upwards, with Coca Cola unchanged. On the other hand, small losses were recorded by EYDAP, Motor Oil and Jumbo, with Ellactor losing 2.36%, while the AMEM mechanism was momentarily activated.