Greek Market Ends Higher
After strong fluctuations, the Athens Stock Exchange managed to react positively on Tuesday, putting an end to a three-day downward streak that caused losses of 8.33% for the General Index.
Alpha Bank, Piraeus Bank, National Bank and Mytilineos topped FTSE20. Alpha Bank closed at session high, while National Bank moved between profits and losses, before it ends close to session high.
Market analysts continue to speak of low visibility and increased uncertainty, as the market watches the developments regarding the negotiations between Greece and Troika. Moreover, there is still no clear indication of the disbursement of the sixth aid instalment, although Greek FinMin stated today that the disbursement would be made promptly in October.
Analysts also note that there is volatility across the Greek board in terms of trading activity, a feature that cannot reinforce expectations for a change in the current downward trend.
On Tuesday, the General Index closed at 791.19 units with profits of 0.83%, after moving into a margin of 17 points or 2.2%.
Approximately 28.4 million units of total value €44 million traded, while a total amount of 57 shares rose, 61 declined and 159 remained unchanged.
Banks recorded stronger fluctuations, with intraday losses of 0.93%, despite early profits of 3.85%. They finally ended at 456.98 units with profits of 3.04%.
Alpha Bank and Piraeus soared with profits of 5.88% and 4.55%, while National Bank and Mytilineos gained 4.26% and 3.8% respectively.
Hellenic Petroleum and Eurobank rose by 2.07% and 1.14%, while Bank of Cyprus, Folli Follie, OPAP and Motor Oil posted minor profits.
Marfin Popular Bank and Jumbo remained unchanged at €0.33 and €3.86 respectively.
In contrast, MIG, Hellenic Postbank and Ellaktor fell by 3.85%, 3.8% and 3.42% respectively, while Titan and Viohalco lost 1.73% and 1.22%.
(capital.gr)