ASE Posts Minor Losses On Thin Trade
Greek banks move close to new lows on Thursday, as the domestic market remains trapped in an environment of thin trade.
The General Index moves between profits and losses below 1,400 units, while Viohalco tops FTSE20 with gains of 2.70%. OPAP, Bank of Cyprus, National Bank and Eurobank follow with minor profits.
The total market valuation has recorded a new 12-year low, said Pegasus in its morning report, adding that there are some positive signs from the front of Q1 financial results (Plaisio, Jumbo) and business news (TERNA Energy and Folli Follie Group) that could reverse the trend of specific shares, which are “entitled” to a better course because of potential and outlook.
The FTSE ASE 20 stands very close to year lows, said Kyprou Securities in a report. “More rumours about a Greek State debt and lack of actions towards achieving improved fiscal performance could lead the index to new year lows”, it noted, adding that “in this case the ASE would move at January 1997 levels”.
Across the board, the General Index is declining by 0.35%, at 1,382.67 units, with intraday losses reaching 0.87%. The turnover stands at just €24.5m, while a total amount of 65 shares retreat, 40 rise and 46 remain unchanged.
Banks are currently at 1,024.03 units, with marginal losses of 0.11%. Proton Bank gains 1.79%, while Geniki Bank rises by 0.82%. Bank of Cyprus, National Bank and Eurobank post minor profits of less than 0.5%.
(capital.gr)