The Stock Exchange absorbed the pressures

The Athens Stock Exchange is currently trying to reverse its negative sign, which with the help of several index-weighted securities absorbs the pressures and tries to recover the zone of 920 points, without, however, overcoming the intense nervousness.

In particular, the General Index records losses of 0.25% at 915.79 points, while the turnover is at 52.2 million euros and the volume at 17.8 million units. The FTSE 25 is down 0.11% at 2,210.32 points, while the banking index is down 0.09% at 596.82 points.

The nervousness in the market, as expected, is mainly due to the restructuring of the portfolios in view of the announcements for the indexes by MSCI. However, this does not mean that the climate does not support the estimate by the European Commission that it expects growth of 7.1% for this year and 5.2% for 2022. However, as reported by Capital.gr, the forecasts are expectedly higher than these of the preliminary draft budget which provides for growth of 6.1% for this year and 4.5% for 2021 after the executives of the financial staff announce an upward revision of these forecasts.

Nervousness until… midnight

Clearly the market picture has to do with today’s MSCI announcements today at midnight about the structure of its indices. And according to analysts, the revision of the MSCI indices is expected to lead to the addition of 2-3 new shares (PPC – Ethniki – Mytilineos candidates) to the five already participating in the key index.

Analysts’ estimates also focus on PPC shares, which according to JP Morgan will join Standard Greece, after the completion of the share capital increase, which increases the number of traded shares of the Greek listed company, as well as of its capitalization. Société Générale has made a similar provision for the addition of PPC to the MSCI Greece Standard and MSCI Emerging Markets. As he had estimated, the share of Jumbo will be deleted while there will probably be two additions at the same time, those of the National Bank and PPC.

On the dashboard

On the board now, PPC records losses of 4.11%, with Terna Energy being at -2% and Saranti, PPA and EYDAP following with a drop of more than 1%. Viohalko, Eurobank, Ethniki, GEK Terna, HELEX, ELHA, Lambda and Mytilineos are moving slightly downwards.

On the other hand, Jumbo and Aegean recorded gains of 1.21% and 1.17% respectively, while Alpha Bank, OTE, Motor Oil, Coca Cola, OPAP, Ellactor, IPTO, Hellenic Petroleum, Titan and Piraeus moved slightly higher.