The Athens Stock Exchange is under selective pressure

The signs on the Athens Stock Exchange are still shared today, which confirms that the first week of November was neutral and focused on very specific titles that brought developments.

In particular, the General Index records losses of 0.11% at 907.66 points, while the turnover is at 3.2 million euros and the volume at 1.1 million units. The FTSE 25 also fell 0.19% to 2,196.27 points, while the banking index recorded losses of 0.55% to 596.98 points.

Although November was expected to be a very exciting month, with foreign portfolios completing their 12-month strategies, the first week was rather recognizable. Or as a stock market source commented on Capital.gr stabilization, as from next week we will have more news that may affect the market.

In the immediate future, and as the share capital increase of PPC is completed, the six-month review of the MSCI indices and the verdict of Moody’s for the Greek economy is expected, with the silence observed by S&P, which did not publish its scheduled report to Greece, not to be translated as negative, while leaving open the possibility of an extraordinary evaluation.

The focus is on the titles that are “associated” with MSCI

I questioned as we move toward November 11, the market will focus on securities that may be linked to the results of MSCI’s six-month restructuring on Thursday, November 11. And according to a recent analysis by Société Générale, Jumbo’s share will be delisted and there will probably be two additions at the same time, those of the National Bank and PPC.

So, if the SocGen estimates are realized, then the Greek shares in the basic indexes of MSCI will increase to six as to date the index MSCI Greece Standard Index includes five securities, OTE (with a weight of 29.5%), OPAP (with 20.82%), Alpha Bank (20.27%), Eurobank Holdings (17.22%) and Jumbo (12.17%). According to the estimates of the French banks, the possible outflows of Jumbo will amount to 88.41 million dollars, while the possible inflows for the EIB are placed at 74.68 million dollars and for PPC at 47.71 million dollars.

On the dashboard

On the board now, Piraeus is currently recording losses of 1.29%, with Mytilineo, Coca Cola, Jumbo, Alpha Bank, Eurobank, Motor Oil, Lambda, Ethniki, Titan and Ellactor following with a small drop.

On the other hand, PPC gains 2.11% and Sarantis 1.85%, while ELHA, Aegean, HELEX, EYDAP, OPAP, Terna Energy and OTE are moving slightly upwards. IPTO, GEK Terna, PPA, Viohalko and Hellenic Petroleum are unchanged.