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Greek Banks Suffer New Losses
Greek Stocks opened on Thursday with a fresh fall of 8% for banks, while the General Index trades again in 900 units region.
National Bank’s share now trades below €3 with early losses of 7.44%, while Alpha Bank reached €2 with double-digit losses. Eurobank moved below €1.5, losing more than 8.5%.
Besides banks, which are heavily affected by uncertainty about the PSI developments and BlackRock’s tests, pressures appear milder. PPC declines by 2% at €5.88, while OTE and Coca Cola 3E record losses of 0.93% and 0.84% at €4.26 and €14.17 respectively. Mytilineos and OPAP remain unchanged, while Hellenic Petroleum and Jumbo move up by 2.15% and 0.77% at €5.7 and €3.94 respectively.
The negative momentum seems to have returned to the Greek market as concerns with respect to the implementation of the country’s fiscal consolidation plan, PSI and the overall macro performance seem to have increased again, according to Marfin Analysis, which sees no reason for a change in sentiment in the short-term and expect volatility to remain.
Similarly, Eurobank Equities expects the same dynamics to apply during today’s session as well in the absence of any catalyst that could curb the prevailing negative momentum, while Piraeus Securities comments that the fundamentals of the Greek economy have not changed, leading equity prices further down.
On the board, the General Index is at 907.50 units with losses of 0.93%, rebounding from early losses of 3.42% at 884.66 units. The turnover stands at €23.6 million, while a total amount of 68 shares decline, 23 rise and 28 remain unchanged.
(capital.gr)
Greek Stocks opened on Thursday with a fresh fall of 8% for banks, while the General Index trades again in 900 units region.
National Bank’s share now trades below €3 with early losses of 7.44%, while Alpha Bank reached €2 with double-digit losses. Eurobank moved below €1.5, losing more than 8.5%.
Besides banks, which are heavily affected by uncertainty about the PSI developments and BlackRock’s tests, pressures appear milder. PPC declines by 2% at €5.88, while OTE and Coca Cola 3E record losses of 0.93% and 0.84% at €4.26 and €14.17 respectively. Mytilineos and OPAP remain unchanged, while Hellenic Petroleum and Jumbo move up by 2.15% and 0.77% at €5.7 and €3.94 respectively.
The negative momentum seems to have returned to the Greek market as concerns with respect to the implementation of the country’s fiscal consolidation plan, PSI and the overall macro performance seem to have increased again, according to Marfin Analysis, which sees no reason for a change in sentiment in the short-term and expect volatility to remain.
Similarly, Eurobank Equities expects the same dynamics to apply during today’s session as well in the absence of any catalyst that could curb the prevailing negative momentum, while Piraeus Securities comments that the fundamentals of the Greek economy have not changed, leading equity prices further down.
On the board, the General Index is at 907.50 units with losses of 0.93%, rebounding from early losses of 3.42% at 884.66 units. The turnover stands at €23.6 million, while a total amount of 68 shares decline, 23 rise and 28 remain unchanged.
(capital.gr)