The narrowing of Greek government bond spreads and banks’ recent losses of 10% urge the domestic market to a positive rebound on Thursday, as the General Index moves on positive grounds since the beginning of the session.
In the absence of domestic catalysts, the Greek market moves aligned with mild upward trend of the European exchanges, however in a thin turnover of EUR26mn so far.
Across, FTSE20, ATEBank and Bank of Cyprus stand out, with gains of more than 4%, while OTE, Viohalco, MIG and Eurobank post gains of more than 2%.
Pegasus Securities expects the market to correct the recent negative hyperbole, “even if events in Libya and non-developments concerning the domestic banking sector are not supportive”.
Pegasus says that the market will probably demonstrate positive volatility today, with the General Index approaching the 1585 units.
Kyprou Securities believes that major European markets weigh on the Athens Exchange. “Concern about ESFS unofficial talks and German hesitance to offer full support on the Fund does not benefit the ASE”, according to its morning report.
“We are cautious but at the same time we will not be surprised with a potential technical recovery”, Kyprou adds.
Across the board, the General Index is at 1582.4, up 1.43%. So far the turnover stands at EUR 26mn, while a total amount of 66 shares rise, 23 decline and 32 remain unchanged.
Banks are at 1365.03 units, up 2.36%. ATEBank and Bank of Cyprus soar with gains of 5.33% and 4.2% respectively, while National Bank, Eurobank and Marfin Popular Bank rise by 2.56%, 2.41% and 2.13% respectively. Hellenic Postbank, Alpha Bank rise by 1.79% and 1.63% respectively.
In the absence of domestic catalysts, the Greek market moves aligned with mild upward trend of the European exchanges, however in a thin turnover of EUR26mn so far.
Across, FTSE20, ATEBank and Bank of Cyprus stand out, with gains of more than 4%, while OTE, Viohalco, MIG and Eurobank post gains of more than 2%.
Pegasus Securities expects the market to correct the recent negative hyperbole, “even if events in Libya and non-developments concerning the domestic banking sector are not supportive”.
Pegasus says that the market will probably demonstrate positive volatility today, with the General Index approaching the 1585 units.
Kyprou Securities believes that major European markets weigh on the Athens Exchange. “Concern about ESFS unofficial talks and German hesitance to offer full support on the Fund does not benefit the ASE”, according to its morning report.
“We are cautious but at the same time we will not be surprised with a potential technical recovery”, Kyprou adds.
Across the board, the General Index is at 1582.4, up 1.43%. So far the turnover stands at EUR 26mn, while a total amount of 66 shares rise, 23 decline and 32 remain unchanged.
Banks are at 1365.03 units, up 2.36%. ATEBank and Bank of Cyprus soar with gains of 5.33% and 4.2% respectively, while National Bank, Eurobank and Marfin Popular Bank rise by 2.56%, 2.41% and 2.13% respectively. Hellenic Postbank, Alpha Bank rise by 1.79% and 1.63% respectively.
