Nikos Chrisochoidis told Capital.gr that the merger proposal interesting, as there is a need for alliances in the Greek banking sector. The market is expected to focus on the proposed deal, however the macroeconomic issues are so important that can not be easily left out.
He added that liquidity problems continue to weigh on the domestic market, as the problematic macros affect primarily the banks.
Pegasus Securities comments that the uncertain ending of NBG’s proposal is expected to increase market’s volatility.
NBG’s bid for Alpha Bank dominates the newsflow and it should enhance investors’ attention on the ASE, according to Kyprou Securities.
“Alpha’s BoD rejection of the offer should not stop NBG’s interest for Alpha. High volatility should be the ASE’s main feature in the short-term and possibly the mid-term as well with risks standing on the upside at the moment”, Kyprou says in its morning report.
Across the board, the General Index is at 1704.63 units, down 0.61% in a very heavy turnover of EUR142mn. A total amount of 44 shares rise, 90 decline and 64 remain unchanged.
Banks fluctuate between profits and losses, currently at 1555.94 units, down 0.04%. Alpha Bank stands out with gains of 11.27%, while National Bank rises by 2.51%. ATE Bank, Proton Bank and Bank of Cyprus are under pressure, falling by 6.38%, 6.06% and 5.32% respectively, while Eurobank, Piraeus Bank and Marfin Popular Bank decline by 4.56%, 4.28% and 4.17% respectively.
source: CAPITAL
