With a turnover of just over 16 million euros, the Athens Stock Exchange is trying to reach 900 points again today, even having the majority of its securities in positive territory.
In particular, the General Index records gains of 0.74% at 896.17 points, while the turnover is at 16.1 million euros and the volume at 4.9 million units. The FTSE 25 also recorded an increase of 0.83%, to 2,150.89 points, while the banking index gained 0.44% to 582.04 points.
On every American or British holiday, on the current American holiday as it is Thanksgiving, the ATHEX confirms that there are many orders coming from the other side of the Atlantic. Thus, the volume after more than three hours of meeting does not even exceed 5 million pieces, 1/5 of which has been handled by Alpha Bank. So there are about 3.7 million units left for the remaining shares of the Greek market…
Such a picture clearly can not lead to safe conclusions about whether the current reaction has strong footholds on the board, with the prevailing view now holding… a small basket. After all, all expectations for a strong finish in November have now been dashed, as the pandemic in our country, but also in the rest of Europe, had a different view of what “normalcy” would mean this winter as well.
However, even in this context, there are analysts who believe that the Greek economy has positive prospects and the Greek stock market has significant values. Today it was Jefferies that upgraded its stance on the Greek market from moderate bullish to absolutely bullish. “Greece is doing the best it can”, he points out, expecting surprises in the economy in the whole of 2021, as it will move to the levels of 8% and much higher than the 5% previously predicted by Jefferies, almost offsetting the 2020 contraction.
Of course, the big complaint of many domestic portfolios is that while foreign analysts as a whole pay homage to Greece, while maintaining a constructive attitude, the Greek market has remained swamped at the same levels since April. And if this wave of pandemics continues at the same pace, the last month of the year is not expected to change the market picture for the better.
On the dashboard
On the board now, ELHA and Motor Oil stand out with + 2.90% and + 2.24% they record, with PPA, Ethniki, OTE, EYDAP, Viohalko, Sarantis, Aegean and Hellenic Petroleum to follow with an increase that exceeds 1%.
Mytilineos, OPAP, Jumbo, Eurobank, PPC, Ellactor, Coca Cola, Alpha Bank, Lambda, IPTO, Piraeus, Titan, HELEX and GEK Terna are moving slightly upwards, with only Terna Energy in FTSE 25 moving -0 , 43%.
It is worth noting here that today the trading of the right for the capital increase of Attica Bank has started, which will last until December 3. At the moment, the price of the right is at 1.0740 euros while the starting price was 33.35 euros, while it even reached 0.62 euros. The share of Attica Bank records the second limit down, ie -30% at 0.6120 euros.
.
With a volume of… € 5 million the rise in the Stock Exchange
With a turnover of just over 16 million euros, the Athens Stock Exchange is trying to reach 900 points again today, even having the majority of its securities in positive territory.
In particular, the General Index records gains of 0.74% at 896.17 points, while the turnover is at 16.1 million euros and the volume at 4.9 million units. The FTSE 25 also recorded an increase of 0.83%, to 2,150.89 points, while the banking index gained 0.44% to 582.04 points.
On every American or British holiday, on the current American holiday as it is Thanksgiving, the ATHEX confirms that there are many orders coming from the other side of the Atlantic. Thus, the volume after more than three hours of meeting does not even exceed 5 million pieces, 1/5 of which has been handled by Alpha Bank. So there are about 3.7 million units left for the remaining shares of the Greek market…
Such a picture clearly can not lead to safe conclusions about whether the current reaction has strong footholds on the board, with the prevailing view now holding… a small basket. After all, all expectations for a strong finish in November have now been dashed, as the pandemic in our country, but also in the rest of Europe, had a different view of what “normalcy” would mean this winter as well.
However, even in this context, there are analysts who believe that the Greek economy has positive prospects and the Greek stock market has significant values. Today it was Jefferies that upgraded its stance on the Greek market from moderate bullish to absolutely bullish. “Greece is doing the best it can”, he points out, expecting surprises in the economy in the whole of 2021, as it will move to the levels of 8% and much higher than the 5% previously predicted by Jefferies, almost offsetting the 2020 contraction.
Of course, the big complaint of many domestic portfolios is that while foreign analysts as a whole pay homage to Greece, while maintaining a constructive attitude, the Greek market has remained swamped at the same levels since April. And if this wave of pandemics continues at the same pace, the last month of the year is not expected to change the market picture for the better.
On the dashboard
On the board now, ELHA and Motor Oil stand out with + 2.90% and + 2.24% they record, with PPA, Ethniki, OTE, EYDAP, Viohalko, Sarantis, Aegean and Hellenic Petroleum to follow with an increase that exceeds 1%.
Mytilineos, OPAP, Jumbo, Eurobank, PPC, Ellactor, Coca Cola, Alpha Bank, Lambda, IPTO, Piraeus, Titan, HELEX and GEK Terna are moving slightly upwards, with only Terna Energy in FTSE 25 moving -0 , 43%.
It is worth noting here that today the trading of the right for the capital increase of Attica Bank has started, which will last until December 3. At the moment, the price of the right is at 1.0740 euros while the starting price was 33.35 euros, while it even reached 0.62 euros. The share of Attica Bank records the second limit down, ie -30% at 0.6120 euros.
.
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.
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