ASE΄s General Index moves towards 1640 on Thursday, with gains of up to 1.4%, as the banks top FTSE20’s profits.
Turnover is average, while analysts note that investors maintain a wait-and-see stance, as the markets looks for direction ahead of European developments in the debt crisis front and the privatizations program as well.
Pegasus Securities expects volatility to remain ASE’s main characteristic, as the market “currently trades on focal levels, both on fundamental (privatizations, significant structural changes etc) and technical (closing on the 200-days exponential moving average for the 4th consecutive session) terms.”
Pegasus expects the General Index to open on slightly higher grounds, “possibly towards today΄s 1st resistance levels (and yesterday΄s highs) of the 1,630 units”.
Marfin Analysis forecasts a session of similar characteristic, “while any interest, at least for the moment, should be directed to stocks, in which State’s participation is significant.”
Across the board, the General Index is at 1635.48, up 1.02%, in a turnover of EUR 33mn. A total amount of 71 shares rise, 28 decline and 36 remain unchanged.
Banks rise by 1.53%, currently at 1425.81 units. ATE Bank and Hellenic Postbank stand out, posting gains of 5.19% and 4.13% respectively, while Eurobank and Piraeus Bank rise by 2.36% and 1.92% respectively. National Bank gains 1.79%, while Alpha Bank and Bank of Cyprus rise by 1.14% and 0.63% respectively.
Turnover is average, while analysts note that investors maintain a wait-and-see stance, as the markets looks for direction ahead of European developments in the debt crisis front and the privatizations program as well.
Pegasus Securities expects volatility to remain ASE’s main characteristic, as the market “currently trades on focal levels, both on fundamental (privatizations, significant structural changes etc) and technical (closing on the 200-days exponential moving average for the 4th consecutive session) terms.”
Pegasus expects the General Index to open on slightly higher grounds, “possibly towards today΄s 1st resistance levels (and yesterday΄s highs) of the 1,630 units”.
Marfin Analysis forecasts a session of similar characteristic, “while any interest, at least for the moment, should be directed to stocks, in which State’s participation is significant.”
Across the board, the General Index is at 1635.48, up 1.02%, in a turnover of EUR 33mn. A total amount of 71 shares rise, 28 decline and 36 remain unchanged.
Banks rise by 1.53%, currently at 1425.81 units. ATE Bank and Hellenic Postbank stand out, posting gains of 5.19% and 4.13% respectively, while Eurobank and Piraeus Bank rise by 2.36% and 1.92% respectively. National Bank gains 1.79%, while Alpha Bank and Bank of Cyprus rise by 1.14% and 0.63% respectively.
