ASE Fluctuates Between Profits And Losses
Greek market moves between profits and losses, moving in the territory of 1610-1630 units, while the buying interested is mostly focused on mid caps.
Viohalco tops FTSE20’s profits, gaining up to 3.58%, while Hellenic Postbank’s performance stands out in the banking sector. Thessaloniki Port Authority maintains its three-session upward streak, gaining more than 7%. Forthnet and Piraeus Port follow, posting profits of 6.15% and 4.72% respectively.
Kyprou Securities expect a short-term to mid-term consolidation around 750 FTSE 20 index level to continue. “We are cautious for the ASE at the moment but we remain optimistic on the long-run. Consolidation around levels could continue with the risk possibly standing towards lower prices on the mid-term”, says Kyprou in its morning report.
Pegasus Securities comments that the nervousness demonstrated by investors on large-cap banking equities could be pointing towards greater developments in the sector, as the pressures asserted on NBG, Alpha Bank and Eurobank were notable.
Pegasus expects negative volatility to continue to prevail during today΄s session as well, with the market possibly offering some trading opportunities on specific equities (OPAP, Mytilineos Holdings, and PPC).
Across the board, the General Index is at 1619.50 units posting marginal losses of 0.07%. A total amount of 55 shares rise, 53 decline and 65 remain unchanged, while turnover stands at EUR32.6mn.
Banks post marginal profits of 0.07%, currently at 1410.33. Marfin Popular Bank, Piraeus Bank and Bank of Cyprus rise by 0.92%, 0.64% and 0.32% respectively, while Eurobank and Alpha Bank decline by 0.47% and 0.45% respectively.
(capital.gr)
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