of Manos Hachladakis
At the pace of the transactions, due to seasonality, the Athens market held a mild corrective meeting, which was characterized in principle by the pressure exerted on the DG by heavy Coca – Cola and the support provided by Metlen.
In particular, the General Index moved most of the day to negative territory and completed transactions in 2.606.95 units with -0.31% (low day at 2,597.2 Mon.).
The banking index was reinforced by 0,19% THE 3,045,11 units, the FTSE of high capitalization retreated to 6.658.1 mon. with -0,26%, like the mid-term FTSEM -0,58% THE 3.136,8 m.
The turnover was vertically reduced by staying in EUR 194,04 million, (Friday 238.88 million, Thursday 320.3 million) of which ECU 14.99 million in 17 packages (1 in Piraeus for 2.9 million, 2 in the EIB for 3.1 million, 2 in Eurobank for 2.2 million, 1 in AKTOR for 1 million) with the volume of transactions in 27.45 million pieces.
After a dynamic entry into August last week, Athens Avenue showed today that it entered – logically rather – the summer raster, something that was reflected in both limited variations but even more in the further decline of trade activity.
Another feature that indicated the limited availability of investors for moves was the small changes in the banking sector and especially in the four systemic (except Alpha), although their positive turn to auctions, amid a new barrage of positive exhibitions from international houses, helped to reduce losses.
However, attention continued to be focused mainly on the industrial/energy sector, with the evidence of portfolio rearrangement around its titles still present.
The meeting could, however, be completely uninterested if there were no strong pressure on the market, that of Coca-Cola, whose slippage was significantly affecting the DG as well.
However, even so, Athens Avenue showed sufficient strength to maintain the psychological level of 2,600 units, primarily with the help of Metlen who now touched 50 euros.
At international level, tonnes are also down, but the escalation of upward pressures in recent hours on the prices of crude, as there is no prospect of direct opening of Hormuz, gradually restores some sellers in both Europe and the USA.
Moves on the dashboard
Metlen took the first place in the meeting with 23.4m euros and the top of the 25th with a 2.7% jump to 49.70 euros.
Alpha with 22.4 million was strengthened by 1.06% at 4.59 euros, Piraeus at 9.97 to 18.8 million and the EIB at 16.2 to 20.5% both made small profits of 0.2% and Eurobank at 17.6 million just marginally earned the positive mark staying essentially at 4.5.
On the side of systemics he stood on the one hand Citi who declared bullish giving new prices – targets and of the other part Moody’s who gave a new vote of confidence after their semester results.
On the other hand, Coca Cola (38 million) took a 4.3% dive at 55.60 euros.
Towards the end, the liquidations also increased to Cenergy (31 million) which reached 22.24 with -3.3%, the ELCA (8.9 million) also declined to 3.66 to -1.74%, while their parent Biocos (1 million) closed to 18 euros with -0.33%.
Losses of over 1% in the 25th were also noted by Aegean (413 km) with -1.6% at 12.17 euros, Optima (1 million) with -1.38% at 10.70 and EYDAP (574 km) with -1.09% at 10.86.
From there on, GEK TERNA (6.6 million) moved slightly upwards with +0.7%, as did Titan (997 thousand) with +0.58%, while PPC (11.8 million) controlled downwards with -0.82%.
In mid caps, it distinguished +1.38% of Quest but with a low turnover of 88 thousand euros, while ABax with 616 thousand was strengthened by 0.57%.
On the contrary, PPA (170 thousand) corrected 42.80 euros with -3.3%, UAE (28 thousand) closed with -1.98%, Qualco (444 thousand) with -1.71% and Ideal (332 thousand) with -1.30%.
In the lower strata, NKNOT (106 mm) was strengthened by 4.66% and Revoil (64 mm) by 2.46%, while Ilyda (231 mm) closed at -4.1% and Plastics Crete (93 mm) at -3.87%.
In total, 57 titles were completed with a positive sign and 65 with a negative (78 unchanged).
The image internationally
As mentioned above, oil prices are now increasing by more than 3%, amid uncertainty about the situation in Hormuz.
Brent at $86.1 a barrel with +3.1% and American WTI at $80.7 with +3.3%.
At the same time, European gas now runs at 60 euros, the megawatt hour with a rally of over 8.8%.
In stock, Wall Street begins week-to-week transactions with marginal changes and sellers showing a small lead.
Dow Jones at -0.15%, S&P 500 around the unchanged and Nasdaq at -0.1%, in the first half-hour.
In Europe the indicators remain in the region of their fresh historical high, but having turned mildly negative now.
German DAX at -0.15%, French CAC 40 at -0.15%, British FTSE 100 at -0.6%, Italian FTSE MIB at -0.2%, Spanish IBEX 35 at -0.1% and the pan-European high capitalization of Stoxx 50 at +0.1%.
In the bond market, rising trends in oil prices also boost the performance of state securities. The ten-year US at 4.68%, the German title at 3.17% and the French at 3.97%, with the Greek at 3.82%.
Finally, metals lost their morning upward momentum, mainly gold moving at $4,382 an ounce of -0.4%, while silver is boosted by 0.8% to 64 dollars.
