Greek Banks Rose By 2.7% For Week
Greek banks recorded cumulative profits of 2.7% for week, in contrast with the General Index, which lost 2.5% for week, despite it ended higher on Friday.
The interest at Friday’s session focused on the meeting of European Finance Ministers in Poland, which did not provide any bold development; instead, the issue of collaterals remained open.
Analysts comment that most investors proceed with trading within a certain price range, which has come at their expense so far. They also stress that the Greek market is still unable to move aligned with the European bourses.
Greek economy’s problems continue to be a negative catalyst in the Athens Stock Exchange, analysts note, as it moves based on domestic or not rumours, while the sentiment remains fragile and volatility continues.
On the short-term, they cannot identify any catalyst that could substantially reverse this situation.
On the board, the General Index ended at 864.94 units with profits of 1.95% after fluctuations within a range of 24 units or 2.83%. Intraday profits reached 2.38%, while cumulative losses for week amounted to 2.46%.
Approximately 51.1 million units of value €108.23 million traded on Friday (€20.74 million in pre-agreed trade), while a total amount of 64 shares rose, 46 declined and 170 remained unchanged.
Banks, which posted intraday profits of 5.40%, ended at 558.97 units with profits of 4.90%.
Marfin Popular Bank and Piraeus Bank topped FTSE20 with profits of 14.29% and 8.93%, while ELPE gained 8.27%. Profits of TT, Ellaktor and MIG exceeded 6%.
Alpha Bank and Motor Oil moved up by 5.59% and 4.71% respectively, while Bank of Cyprus, Mytilineos and Jumbo gained over 4%.
On the other hand, Folli Follie fell by 8%, while OTE and Titan declined by 3.91% and 3.29% respectively.
(capital.gr)