Thursday, March 17, 2011

Greek Stocks move between profits and losses

Greek Stocks move between profits and losses on
Thursday, despite early profits of 1.2%. 

Banks’ fluctuation is even more intense, with all of them moving in negative territory, while Motor Oil tops FTSE20’s profits.

“Developments in Japan are expected to continue to weigh on the GI΄s ascending dynamic, with yesterday΄s US markets course anticipated to assert pressure on the Athens market, at least during the start of the session”, said Pegasus Securities in its morning report.

However, Pegasus notes that the domestic market showed a satisfactory attitude regarding consolidation moves, as the heavy pressures on Tuesday have been coolly dealt the next day.  

OPAP and Motor Oil are expected to be at centre of attention, as their financial results were better than the market estimated and show significant strength related to the domestic economic conditions, said Pegasus. 

Across the board, the General Index is at 1,606.85 units, down 0.26% in a thin turnover of EUR 34mn. A total amount of 37 shares rise, 91 decline and 39 remain unchanged.

Banks are at 1369.53, down 1.118%. Marfin Popular Bank and Attica Bank fall by 3.19% and 2.75%, while Geniki Bank and Hellenic Postbank decline by 1.67% and 1.33% respectively. ATEBank and National Bank losing 1.23% and 1.01% respectively, while Alpha Bank posts small losses of 0.2%.









source: CAPITAL