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Greek Market Fluctuates Towards 1,300
Greek stocks fluctuate between gains and losses on Monday as the General Index heads towards the 1,300-unit level, while turnover remains high, already exceeding 70 million euro.
Having risen 9.28% last week the General Index is vulnerable to short term volatility, analysts say, considering the banks’ significant outperformance (+24.03% over the last week) and the negative international sentiment caused by the US debt negotiations swamp.
In the FTSE20 index ATEBank gains 11.39% at 0.88 euro, followed by Ellaktor (+2.55%) and Hellenic Postbank (+2.54%). Shares of MIG, Hellenic Telecom, Mytilineos and Viohalco all gains more than 1%, followed by Motor Oil, PPC and Jumbo.
In negative territory, Alpha Bank and Hellenic Petroleum lose 1.94% and 1.20% respectively, National Bank of Greece trades at 5.30 euro (-1.12%) while Coca-Cola Hellenic, Eurobank, Bank of Cyprus and OPAP also move lower.
The General Index stands at 1,285.22 points, down 0.08%, while a total of 93 shares move higher, 41 retreat and 45 remain unchanged.
(capital.gr)
Greek stocks fluctuate between gains and losses on Monday as the General Index heads towards the 1,300-unit level, while turnover remains high, already exceeding 70 million euro.
Having risen 9.28% last week the General Index is vulnerable to short term volatility, analysts say, considering the banks’ significant outperformance (+24.03% over the last week) and the negative international sentiment caused by the US debt negotiations swamp.
In the FTSE20 index ATEBank gains 11.39% at 0.88 euro, followed by Ellaktor (+2.55%) and Hellenic Postbank (+2.54%). Shares of MIG, Hellenic Telecom, Mytilineos and Viohalco all gains more than 1%, followed by Motor Oil, PPC and Jumbo.
In negative territory, Alpha Bank and Hellenic Petroleum lose 1.94% and 1.20% respectively, National Bank of Greece trades at 5.30 euro (-1.12%) while Coca-Cola Hellenic, Eurobank, Bank of Cyprus and OPAP also move lower.
The General Index stands at 1,285.22 points, down 0.08%, while a total of 93 shares move higher, 41 retreat and 45 remain unchanged.
(capital.gr)