SE Ends Flat, Turnover Disappoints
After successive sign changes in narrow range, the General Index of Athens Stock Exchange ended slightly upwards on Thursday.
However, the trading volume and turnover remained at frustrating levels. About half of the total turnover related to transactions of just four shares (National Bank, OPAP, Coca-Cola 3E and PPC), while the turnover of 11 FTSE20 shares did not exceed €500,000.
In this weak environment, Greek banks managed to put an end to a five-day downward streak with cumulative losses of 16.65%, ending with gains above 2%.
Analysts expect the market to maintain this trading pattern, while they speak of underlying concern that cannot be eliminated and could drag indices to new lows, given the absence of buying interest.
On the board, the General Index ended with marginal gains of 0.08% at 660.14 units, despite intraday losses of 1.07%.
With all banks closing in positive territory, the banking index recorded profits of 2.52% at 239.51 units.
Approximately 23.3 million units of total value €25.76 million traded on Thursday, while a total amount of 81 shares declined, 66 rose and 128 remained unchanged.
Moreover, Hellenic Postbank and Ellaktor topped FTSE20 with profits of 4.74% and 4.55%, while National Bank and Piraeus Bank rose by 3.29% and 3.08% respectively. Coca-Coca 3E, Titan, Marfin Popular Bank and Alpha Bank gained 1.66%-1.84%, while Eurobank, Bank of Cyprus and MIG end up 0.91%, 0.86% and 0.78% respectively.
On the other hand, OTE and Jumbo fell by 3.59% and 2.89%, PPC and OPAP declined by 2.38% and 2.35%, while Viohalco, ELPE, Mytilineos and Motor Oil recorded losses of 1.68%, 0.81%, 0.68% and 0.66% respectively.
(capital.gr)
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L'andamento giornaliero alla Borsa di Atene.