Greek Stocks In Waiting Stance
Greek banks rebound from early losses of 2.89% on Friday, in yet another highly volatile session.
The General Index also rebounds from losses of 1.8%, while Bank of Cyprus and Marfin Popular Bank stand out in FTSE20.
While European stock markets appear cautious, the domestic market moves in anticipation of government announcements at the Thessaloniki International Fair over the weekend, but expectations are low amid a barrage of warnings by European officials and lenders to Greece on the need for reform acceleration.
Analysts speak of bad sentiment and uncertainty in the market, while investors seem to abstain, a combination that paves the way for further slide in ASE.
Currently, the market moves with sole catalysts the negative developments in fiscal figures. The signs for deeper recession, high unemployment rate and the drama regarding the disbursement of the sixth instalment are expected to maintain nervousness.
On the board, the General Index is at 900.30 units, with profits of 1.53, despite early losses of 1.76% at the opening. The turnover stands at €22 million, while a total amount of 69 shares rise, 39 decline and 39 remain unchanged.
(capital.gr)