ASE Ends Higher Amid Uncertainty
The General Index of Athens Stock Exchange moved upwards throughout the trading session on Wednesday, but could not reclaim 700 units, while the trading turnover just exceeded €30 million.
Greek banks posted mixed signs, as Alpha Bank and Eurobank suffered the heaviest pressures with losses above 3%, while Marfin Popular Bank, Piraeus Bank and National Bank ended in green.
Despite the positive closing, uncertainty and awkwardness still reign in the market in view of the upcoming EU Summit, as it cannot afford to ignore European developments, given the absence of any domestic catalyst, according to analysts.
In any case, international reports regarding the expected German stance do not leave much room for optimism, analysts comment, adding that low trading activity should be expected in the coming meetings.
“It seems the market’s activity level has stabilized in the €30mn level indicating rather limited activity overall”, said Eurobank Securities in its morning report, expecting choppiness to continue as the EU summit approaches.
On the board, the General Index rose by 1.06% at 686.2 units, while intraday profits reached 1.71%.
Bank, which posted intraday gains of 2.29%, ended at 289.3 units, up 0.26%.
Approximately 26.7 million units of total value of €30.48 million traded on Wednesday, while a total amount of 71 shares rose, 70 declined and 134 remained unchanged.
Marfin Popular Bank topped FTSE20 with gains of 3.67%, while Coca Cola 3E and Mytilineos rose by 2.58% and 2.56% respectively. Motor Oil, Piraeus and ELPE posted profits of 2.44%, 2.36% and 2.08% respectively.
On the other hand, Eurobank and Alpha Bank fell by 3.2% and 3.19%, while Ellaktor, Folli Follie and Hellenic Postbank declined by 2.59%, 2.44% and 2.17% respectively.
(capital.gr)