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ASE Nervous Amid Political Developments
The Greek market maintains its nervous course on Monday, as the negotiations between the Greek government and the troika continue regarding the fate of the disbursement of the fifth instalment of the aid loan.
Banks are under pressure, approaching 900 unit earlier with losses of 2%, while Alpha Bank post the heaviest losses, which are related to proposed increase of share capital.
It should be noted that share of ATEbank is temporarily suspended and would return to trading on Friday, with starting price of €3.90.
Pegasus Securities expects another very volatile session, as uncertainty continues to prevail, with investors feeling uncomfortable of holding stocks even at current extremely underpriced levels.
“The inability of Greek political parties to reach an agreement over how and when additional austerity measures will be introduced is expected to weigh heavily on the market’s course, with the GI opening in a fashion similar to the one witnessed during Friday’s close”, according to Pegasus.
Across the board, the General Index moves between profits and losses, currently at 1,265.86 units, up 0.07%. The turnover stands at €22.6m, while a total amount of 41 shares rise, 63 decline and 44 remain unchanged.
Banks have partially trimmed early losses, currently at 915.08 units, down 0.58%. Hellenic Postbank and National Bank record profits of 1.82% and 1.11% respectively, while Alpha Bank falls by 4.69%. Marfin Popular Banks declines by 3.13%.
(capital.gr)
The Greek market maintains its nervous course on Monday, as the negotiations between the Greek government and the troika continue regarding the fate of the disbursement of the fifth instalment of the aid loan.
Banks are under pressure, approaching 900 unit earlier with losses of 2%, while Alpha Bank post the heaviest losses, which are related to proposed increase of share capital.
It should be noted that share of ATEbank is temporarily suspended and would return to trading on Friday, with starting price of €3.90.
Pegasus Securities expects another very volatile session, as uncertainty continues to prevail, with investors feeling uncomfortable of holding stocks even at current extremely underpriced levels.
“The inability of Greek political parties to reach an agreement over how and when additional austerity measures will be introduced is expected to weigh heavily on the market’s course, with the GI opening in a fashion similar to the one witnessed during Friday’s close”, according to Pegasus.
Across the board, the General Index moves between profits and losses, currently at 1,265.86 units, up 0.07%. The turnover stands at €22.6m, while a total amount of 41 shares rise, 63 decline and 44 remain unchanged.
Banks have partially trimmed early losses, currently at 915.08 units, down 0.58%. Hellenic Postbank and National Bank record profits of 1.82% and 1.11% respectively, while Alpha Bank falls by 4.69%. Marfin Popular Banks declines by 3.13%.
(capital.gr)
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