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The Athens Stock Exchange is wary of 910 points

The Athens Stock Exchange is testing its strength in the zone of 910 units today, which with the help of PPC, but also several index-weighted securities, is moving positively.

In particular, the General Index records gains of 0.30% at 910.81 points, while the turnover is at 2.7 million euros and the volume at 1.3 million units. The FTSE 25 is up 0.28% at 2,205.84 points, while the banking index is up 0.12% at 600.38 points.

The Athens Stock Exchange is wary of 910 points

PPC remains in the spotlight

The PPC share, although showing intense volatility in recent days, as expected, has managed to keep the levels of 9 euros, with a strong “cushion”. Today, it closes its book of offers for the capital increase, with the information of Capital.gr stating that from the first day the offers exceeded 3.2 billion euros, exceeding almost three times the maximum goal of the increase.

Now the interest is focused on the official announcements from the side of PPC, on Friday, when the announcement for the final offering price of the new shares will be published, which will be at 9 euros, while immediately after the process of liquidation of the demand will start. in order to issue the detailed announcement on the outcome of the public offer on November 10.

Discreet look at the pandemic

The fourth wave of the pandemic may be in progress, and as everything shows it will be quite serious, but the ATHEX seems to be watching its course without much concern. And as a stock market source typically comments on Capital.gr, the government’s assurances that there will be no new lockdown measures have pushed these developments into the background.

What affects, however, is that since September, Greek households after the opening of markets are facing significant price increases, mainly in energy products and other products and services. And this will gradually be seen in the decline in consumption, and therefore in the tax revenues that will enter the state coffers during the critical winter months.

On the dashboard

On the board now, PPC, Hellenic Petroleum and Coca Cola record profits exceeding 1%, while Terna Energy, OPAP, Piraeus, GEK Terna, ELHA, Sarantis, Alpha bank, Aegean, Jumbo, Eurobank, Lambda move slightly higher. .

On the other hand, Motor Oil, Titan, Ellactor, Mytilineos, EYDAP, OTE and Ethniki are moving in negative territory, but none of them is moving with losses of more than 1%. Unchanged are HELEX and PPA.

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