ASE Cautiously Optimistic Ahead Of EU Summit
Greek Stocks seem optimistic about the outcome of today’s crucial European Union Summit in Brussels, as the General Index reclaims 1,200 on Thursday.
Banks posted early profits of 4.7%, while Eurobank, Alpha Bank and National Bank top General Index.
“Prevailing uncertainty over today’s announcements following the Brussels EU Summit is expected to determine the market’s course, effectively nulling the willingness of investors to undertake risk, either way”, according to Pegasus Securities.
Pegasus expects today’s session to be characterized by low trading volume, as positioned parties are not expected to price-in the Summit’s resolutions until the latter are officially made known.
Although it does not expect specific decisions to be undertaken, broad guidelines as to the way EU leaders consider to confront the fiscal crisis will be indicative of their decisiveness, thus providing the domestic market with a strong (positive/negative) catalyst.
On the board, the General Index moves up by 0.32% at 1.188.18 units, with early profits of 1.81%. The turnover stands at €33.4 million, while a total amount of 60 shares rise, 25 decline and 22 remain unchanged.
Banks are at 838.56 units, with profits of 2.28%. ATEBank gains 5.17%, while National Bank, Piraeus, Eurobank, Hellenic Postbank and Marfin Popular Bank record profits in the range of 2-3%.
(capital.gr)