The Athens Stock Exchange moves cautiously on Friday, with the limited investment interest focusing on banks and FTSE20 shares, while the forecasts on the new medium-term package tabled yesterday is at the centre of attention.
Yesterday΄s promising end provides the grounds for a positive open during today΄s session, as we consider that the gradual rise of trading volume towards the close of the session derives from institutional portfolios that saw yesterday΄s hyperbole as an opportunity to partially increase short-term positions”, said Pegasus Securities in its morning report.
Pegasus considers that the gradual change of Germany΄s stance on Greece΄s 2nd bailout will be perceived as positive news from the market “although there have been no constructive developments in the medium-term plan front”.
“The announcement of the Medium Term Fiscal Consolidation Plan and its targets is not expected to alter the market’s sentiment in the short-term as most of the targets were already communicated”, said Marfin Analysis, adding that news on the new support Plan from the EU could be the catalyst.
Across the board, the General Index is at 1,271.13 units, up 0.67%. The turnover stands at €31.5m, while at total amount of 57 shares rise, 51 decline and 41 remain unchanged.
Banks are at 969.32 units, with profits of 1.29%.
MIG and Ellaktor top FTSE20, rising by 5.08% and 4.82%, while Mytilineos and Hellenic Petroleum gain 2.24% and 2.13% respectively. On the other hand, ATEbank falls by 3.45%.
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