ASE Posts Minor Profits
The General Index of Athens market finally managed to end in positive territory on Monday, after it had posted new intraday 19-year lows.
Initially, the Greek market demonstrated a trend to move aligned with the European bourses with profits of 1.84%, but soon the General Index yielded to the pressures applied to “heavy” shares such as PPC and Coca Cola 3E.
It posted losses of 1.35% to 655.25 units, although the banking index maintained a positive sign throughout the trading session.
Regarding trading volume, the situation was improved marginally compared with previous meetings, as approximately 28.46 million units of total value of €39.28 million traded.
Market analysts expect increased volatility to maintain in the coming period, as the market focuses on bank financial results. Moreover, investors monitor developments at European level, ahead of the Eurogroup meeting on Tuesday, which would decide on the disbursement of sixth aid instalment to Greece, amid speculation of new initiatives to tackle the euro area debt crisis.
On the board, the General Index ended with minor profits of 66.59 units, after fluctuations into a margin of 21 units or 3.19%.
Banks stood at 288.34 units with profits of 3.45%, while intraday gains of 5.64%.
Piraeus Bank and Hellenic Postbank topped FTSE20 with profits of 7.04% and 6.27%, while National Bank, Mytilineos and Viohalco rose by 5.49%, 4.9% and 3.14% respectively.
OPAP posted profits of 1.63%, while Eurbank, Jumbo and Marfin Popular Bank gained more than 1%.
On the other hand, PPC and Folli Follie fell by 1.88% and 1.84%, while Ellaktor, Alpha Bank, Titan and Coca Cola 3E lost 1.39%, 1.37%, 1.3% and 1.3% respectively.
(capital.gr)
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L'andamento alla Borsa di Atene.