The Athens Stock Exchange took a step back in the recovery effort today, which, although it made some defenses, in the end succumbed to the sellers who made their presence felt throughout the board and especially in index-weighted securities.
In particular, the General Index closed with losses of 0.10% at 878.34 points, while it moved between 874.46 points (-0.54%) and 883.08 points (+ 0.44%). The turnover amounted to 52.8 million euros and the volume to 24.4 million units, while 4.1 million units were traded through pre-agreed transactions. The focus was on the package with almost 3% of the total shares of OLTH, at the price of 26 euros per share. The package had a total volume of 299,855 pieces and its value amounted to 7.79 million euros.
The index of high capitalization closed with a fall of 0.03%, at 2,110.68 points, while at -1.30% Mid Cap completed the transactions at 1,476.56 points. The banking index closed with losses of 1.16% at 563.81 points.
It failed to improve the technical image
The General Index may theoretically have recovered from the lows of 857 points found on November 26, but its technical picture has not improved, when in fact the banking index does not give the signal to undo the downward scenario that opened with its appearance. Covid’s Micron mutation 19.
However, according to Fast Finance, for better or worse, the market, even in the short term, is tied to foreign markets. An occasion must be found to change level and approach even larger funds. The only sure thing is that growth will run at a significantly faster pace than other countries while it has a lot of news ahead.
Business news is a given in the near future, while macroeconomics also support a positive development. What is observed here is that funds that were inactive are now entering the real economy without fear of tomorrow. It is one of the rare cases where we see the real economy preceding the stock market in the inflow of new capital.
Positive news from the economy
However, the stock market may remain in the same and familiar lateral movement since last April, but the messages from the course of the economy remain positive, making more and more obvious the paradox that the economy “precedes” the market. Greece’s GDP grew by 13.4% in the third quarter of the year, driven by the recovery of tourism, which increased services exports by 86.4%, and double-digit growth in investment and a large increase in private consumption.
In this context, the issue of asset quality for Greek banks seems to be a thing of the past and the overall NPE index of the industry should approach 5% by 2022, according to Wood estimates. “The strong appetite for securitization suggests that the execution risk for outstanding transactions is relatively low and we can now safely say that Greek banks are becoming regular financial institutions,” he said.
On the board
On the board now, Ellactor and Alpha Bank were in the spotlight of sellers, recording losses of 2.81% and 2.08% respectively, while the fall in IPTO, Viohalco, PPC and Ethniki was over 1%. Titan, Hellenic Petroleum, OPAP, GEK Terna, HELEX and Eurobank closed slightly lower.
On the other hand, Coca Cola supported with + 2.38%, as well as Jumbo with + 2%, while the rise in Aegean, Lambda and EYDAP was over 1%. ELHA, OTE, Sarantis, Piraeus, Motor Oil, PPA, Mytilineos and Terna Energeiaki closed slightly higher.
.
The Stock Exchange closed with small losses
The Athens Stock Exchange took a step back in the recovery effort today, which, although it made some defenses, in the end succumbed to the sellers who made their presence felt throughout the board and especially in index-weighted securities.
In particular, the General Index closed with losses of 0.10% at 878.34 points, while it moved between 874.46 points (-0.54%) and 883.08 points (+ 0.44%). The turnover amounted to 52.8 million euros and the volume to 24.4 million units, while 4.1 million units were traded through pre-agreed transactions. The focus was on the package with almost 3% of the total shares of OLTH, at the price of 26 euros per share. The package had a total volume of 299,855 pieces and its value amounted to 7.79 million euros.
The index of high capitalization closed with a fall of 0.03%, at 2,110.68 points, while at -1.30% Mid Cap completed the transactions at 1,476.56 points. The banking index closed with losses of 1.16% at 563.81 points.
It failed to improve the technical image
The General Index may theoretically have recovered from the lows of 857 points found on November 26, but its technical picture has not improved, when in fact the banking index does not give the signal to undo the downward scenario that opened with its appearance. Covid’s Micron mutation 19.
However, according to Fast Finance, for better or worse, the market, even in the short term, is tied to foreign markets. An occasion must be found to change level and approach even larger funds. The only sure thing is that growth will run at a significantly faster pace than other countries while it has a lot of news ahead.
Business news is a given in the near future, while macroeconomics also support a positive development. What is observed here is that funds that were inactive are now entering the real economy without fear of tomorrow. It is one of the rare cases where we see the real economy preceding the stock market in the inflow of new capital.
Positive news from the economy
However, the stock market may remain in the same and familiar lateral movement since last April, but the messages from the course of the economy remain positive, making more and more obvious the paradox that the economy “precedes” the market. Greece’s GDP grew by 13.4% in the third quarter of the year, driven by the recovery of tourism, which increased services exports by 86.4%, and double-digit growth in investment and a large increase in private consumption.
In this context, the issue of asset quality for Greek banks seems to be a thing of the past and the overall NPE index of the industry should approach 5% by 2022, according to Wood estimates. “The strong appetite for securitization suggests that the execution risk for outstanding transactions is relatively low and we can now safely say that Greek banks are becoming regular financial institutions,” he said.
On the board
On the board now, Ellactor and Alpha Bank were in the spotlight of sellers, recording losses of 2.81% and 2.08% respectively, while the fall in IPTO, Viohalco, PPC and Ethniki was over 1%. Titan, Hellenic Petroleum, OPAP, GEK Terna, HELEX and Eurobank closed slightly lower.
On the other hand, Coca Cola supported with + 2.38%, as well as Jumbo with + 2%, while the rise in Aegean, Lambda and EYDAP was over 1%. ELHA, OTE, Sarantis, Piraeus, Motor Oil, PPA, Mytilineos and Terna Energeiaki closed slightly higher.
.
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
Fierce exchanges of fire between Israel and Hezbollah – Proposal for a temporary cease-fire in Gaza
The Israeli army and Lebanon’s Hezbollah continued to exchange heavy fire overnight Thursday into Friday, while an Egyptian delegation is
Outrage Over Harvey Weinstein's Conviction – A Landmark Case for the #MeToo Movement
The decision of the Supreme Court of New York to overturn the conviction of Harvey Weinstein for rape in this
What is puppy yoga (and why you should avoid it)
Raise your hand if you have never dreamed of being overwhelmed by soft puppies to cuddle! Maybe not all, but
Noma Copenhagen: now you can taste their crazy condiments at home
Sixteen No but, will come to mind for most people mosses, ants, reindeer, fermented. Why yes, there «new nordic cuisine»
Inside the first official portrait of the Danish royals
The official page of the Danish Royal House had announced it on social media by publishing a post on its
Mary-Kate and Ashley Olsen: anatomy of an icon couple
From a search in the database of Getty Imagesthe well-known photographic agency, it appears that the last public appearance of
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
Fierce exchanges of fire between Israel and Hezbollah – Proposal for a temporary cease-fire in Gaza
Outrage Over Harvey Weinstein's Conviction – A Landmark Case for the #MeToo Movement
What is puppy yoga (and why you should avoid it)
Noma Copenhagen: now you can taste their crazy condiments at home