Portugal’s request for a bailout loan from the European Union is in
the centre of attention on Thursday, as the General Index moves upwards to the level of 1,550 units.Banks top FTSE20 profits, as the performance of Eurobank and Alpha Bank stands out with profits of more than 4%, while banking index, which yesterday put an end to a seven-session downward streak, gains up to 3.25%.
“Yesterday΄s strong ascending reaction was promising, as bid-side interest was spilled over all across the large-cap equities, with trading volume slightly increasing to €115.4m”, says Pegasus Securities in its morning report.
Pegasus expects the market΄s ascending dynamic to continue, “even if it slightly decelerates, gradually bringing the GI towards the region marked by the pass of the simple 200-days moving average (1,550 units)”, it adds.
Portugal΄s decision to seek a bailout is not expected to increase market volatility, as Pegasus regards that it has been long awaited.
Across the board, the General Index is at 1,548.31 units, enhanced by 1.28% on a turnover of €42.5m. A total amount of 77 shares rise, 27 decline and 23 remain unchanged.
Banks soar by 3.06%, at 1275.77 units. Alpha Bank and Eurobank gain 4.36% and 4.26% respectively, while Hellenic Postbank , National Bank and Piraeus Bank rise by 3.01%, 2.93% and 2.92% respectively. Marfin Popular, Geniki Bank and Attica Bank post profits of more than 2%. ATEbank remains unchanged.
