Athens Exchange moves between profits and losses on Tuesday, with the market maintaining a wait-and-see stance ahead of discussions between Greek government and IMF/EU/ECB representatives.
The trading activity remains weak, while banking index also moves between gains and losses, despite early losses of 1.20%. ATEbank and MIG top FTSE20’s profits.
Kyprou Securities calls the Athens market fragile, as it “floats close to the year lows and the government does not appear very much convincing about its intentions to realise the necessary tighter fiscal policy that would gradually generate budget surplus.”
Sentiment remains largely unchanged, according to Eurobank Equities, which feels that in the absence of any market moving news flow, the market is likely to continue on the same trajectory today as well.
Similarly, Marfin Analysis state the absence of any substantial news flow, adding that the market will be trying to evaluate the new 3 year action for combating tax evasion, a session of similar characteristics should be awaited.
Pegasus Securities continues to be optimistic in terms of the market΄s short-term momentum, “anticipating that the GI will most probably close on higher grounds today, as ask side interest seems to have partially at least eased-off and buyers seem willing to undertake risk and increase their positions, a fact also demonstrated by the decrease of trading volume during negative sessions.”
Across, the board, the General Index is at 1,420.80 units, down 0.58%, with early losse of 0.78%. The turnover stands at just €27m, while a total amount of 49 share rise, 69 decline and 41 remain unchanged.
Banks post minor losses of 0.32, at 1,070.62 units. ATEbank rises by 2.27%, while Bank of Cyprus and Hellenic Postbank gain 1.23% and 0.71% respectively.
On the other hand, Alpha Bank, National Bank and Eurobank fall by 1.55%, 1.15% and 1.06% respectively, while Piraeus Bank declines by 0.92%.
The trading activity remains weak, while banking index also moves between gains and losses, despite early losses of 1.20%. ATEbank and MIG top FTSE20’s profits.
Kyprou Securities calls the Athens market fragile, as it “floats close to the year lows and the government does not appear very much convincing about its intentions to realise the necessary tighter fiscal policy that would gradually generate budget surplus.”
Sentiment remains largely unchanged, according to Eurobank Equities, which feels that in the absence of any market moving news flow, the market is likely to continue on the same trajectory today as well.
Similarly, Marfin Analysis state the absence of any substantial news flow, adding that the market will be trying to evaluate the new 3 year action for combating tax evasion, a session of similar characteristics should be awaited.
Pegasus Securities continues to be optimistic in terms of the market΄s short-term momentum, “anticipating that the GI will most probably close on higher grounds today, as ask side interest seems to have partially at least eased-off and buyers seem willing to undertake risk and increase their positions, a fact also demonstrated by the decrease of trading volume during negative sessions.”
Across, the board, the General Index is at 1,420.80 units, down 0.58%, with early losse of 0.78%. The turnover stands at just €27m, while a total amount of 49 share rise, 69 decline and 41 remain unchanged.
Banks post minor losses of 0.32, at 1,070.62 units. ATEbank rises by 2.27%, while Bank of Cyprus and Hellenic Postbank gain 1.23% and 0.71% respectively.
On the other hand, Alpha Bank, National Bank and Eurobank fall by 1.55%, 1.15% and 1.06% respectively, while Piraeus Bank declines by 0.92%.
