On Friday, Greek banks posted early profits of 5.3%, “ignoring” the downgrade by Moody’s, while all FTSE20 shares move upwards, with MIG, Alpha Bank, Bank of Cyprus and National Bank standing out.
Pegasus Securities expects the market to most probably trade in exclusively positive territories today opening towards the 1,290 units, which consist today΄s 1st resistance level, with possible spill-over effects likely to bring the GI towards the 1,310 units (2nd resistance level) later during the day.
The securitization of more financing is anticipated to significantly assist the country to meet its obligations, Pegasus adds.
Across the board, the General Index is at 1,306.12 units, up 2.26%, moving on positive grounds from the beginning of the trading session. The turnover stands at €35.5m, while a total amount of 77 shares move upwards, 39 decline and 12 remain unchanged.
Banks are at 988,00 units, with profits of 3.76%. Alpha Bank and Bank of Cyprus soar, gaining 5.79% and 5.74% respectively, whileEurobank, Marfin Popular and Hellenic Postbank record profits of 4.76%, 3.28% and 3.06% respectively.
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