Athens Stocks fluctuate between profits and losses in a narrow margin on Tuesday, as the market seems focused on the auction of EUR300mn three-month Greek Treasury bills.
Analysts comment that accumulation is possible in today’s session, while mild and selective moves are expected without ruling out a surge of volatility.
Piraeus Securities said that investors are on a wait and see mode, looking to get direction from the decision that may be taken in Brussels, expecting the market to consolidate at current levels with increased volatility and low volumes.
Analysts comment that accumulation is possible in today’s session, while mild and selective moves are expected without ruling out a surge of volatility.
Piraeus Securities said that investors are on a wait and see mode, looking to get direction from the decision that may be taken in Brussels, expecting the market to consolidate at current levels with increased volatility and low volumes.
“The uncertainty caused by the conflict between the Greek government and the EU/IMF officials affected the market volume but not the positive sentiment generated after the announcement of the €50bn privatizations in the next years”, says Alpha Finance in its morning report.
Pegasus Securities comments that the EUR50bn privatization program that troika advised brought first enthusiasm to the domestic market and then volatility with some profit taking movements.
Pegasus expects the market to have a volatile session today as well with low volume “however the decisions of Ecofin’s meeting as well as the auction of 13W T-Bills will be in the spotlight and will determine the direction of the General Index.”
Across the board, the General Index is at 1633.09, down 0.59% in a turnover of EUR35. A total amount of 47 shares rise, 64 decline and 31 remain unchanged.
Banks are down 0.8%, at 1431.64 units. Only Geniki Bank stands out with gains of 4%, while Alpha Bank, Eurobank and Hellenic Postbank decline by 0.67%, 0.46% and 0.89% respectively.
source: capital
