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Greek Shares in Line With European Peers
The Greek market opens on Monday, moving in a mildly corrective mood, as foreign markets are negatively affected by the Egyptian unrest. The General Index is on negative grounds, following gains of 17.5% for the previous two weeks.
“The market will most probably accumulate at current price levels with the risk lying to the downside, as the Egyptian crisis seems to be weighing negatively in foreign markets”, says Marfin Analysis in its morning report.
Pegasus Securities expects development in Egypt to weigh heavily on the market΄s behavior, temporarily halting the Index΄s ascending trend.
It expects the market to “open on lower levels, with the dynamics of the correction being determined by the course of foreign markets and the willingness of investors to capitalize significant short-term gains”.
According to Kyprou Securities, “verbal support towards the Euro by top-ranked European leaders and already recorded actual political determination in Greece to balance its financials makes us be really optimistic about confronting high Greek debt and fiscal weakness.”
It expects a long and bumpy road ahead to full recovery from the current crisis in Greece. “Short-term and mid-term course will be possibly determined by the day-to day performance of the Greek State and the speed the methods to solve the troubled EU member States debt crisis”, it adds.
Across the board, the General Index is at 1585.82 units, down by 0.34%, limiting its losses of up to 1.44% earlier. The turnover stands at EUR30mn, while a total amount of 48 shares rise, 60 decline and 33 remain unchanged.
(capital.gr)
The Greek market opens on Monday, moving in a mildly corrective mood, as foreign markets are negatively affected by the Egyptian unrest. The General Index is on negative grounds, following gains of 17.5% for the previous two weeks.
“The market will most probably accumulate at current price levels with the risk lying to the downside, as the Egyptian crisis seems to be weighing negatively in foreign markets”, says Marfin Analysis in its morning report.
Pegasus Securities expects development in Egypt to weigh heavily on the market΄s behavior, temporarily halting the Index΄s ascending trend.
It expects the market to “open on lower levels, with the dynamics of the correction being determined by the course of foreign markets and the willingness of investors to capitalize significant short-term gains”.
According to Kyprou Securities, “verbal support towards the Euro by top-ranked European leaders and already recorded actual political determination in Greece to balance its financials makes us be really optimistic about confronting high Greek debt and fiscal weakness.”
It expects a long and bumpy road ahead to full recovery from the current crisis in Greece. “Short-term and mid-term course will be possibly determined by the day-to day performance of the Greek State and the speed the methods to solve the troubled EU member States debt crisis”, it adds.
Across the board, the General Index is at 1585.82 units, down by 0.34%, limiting its losses of up to 1.44% earlier. The turnover stands at EUR30mn, while a total amount of 48 shares rise, 60 decline and 33 remain unchanged.
(capital.gr)