cumulative losses of 5.6%.
The banking sector remains the centre of attention, while Eurobank and Hellenic Postbank top FTSE20’s profits, posting gains of up to 5% and 4.6% respectively. National Bank and Alpha Bank moves between profits and losses.
Pegasus Securities considers the two-day 5.6% correction as quite significant, anticipating that the market will most likely react, even if this is on a short-term basis.
Eurobank Equities comments that global sentiment remains fragile and domestically lack of news flow does not allow a major reversal of the trend, while Kyprou Securities is cautious on the ASE as the international environment is not supportive on Greek equities at the moment.
“Geopolitical concerns and delays in the much awaited developments in the Greek banking sector have dented investors’ sentiment”, according to Marfin Analysis, while Piraeus Securities also considers market sentiment as weak at the moment.
Across the board, the General Index is at 1637.61, up 1.13% in a turnover of EUR50mn. A total amount of 74 shares rise, 20 decline and 40 remain unchanged.
Banks are at 1482.50 units, up 1.87%. Hellenic Postban and Eurobank climb by 6.03% and 4.78% respectively, while Piraeus Bank and Bank of Cyprus rise by 3.7% and 2.52% respectively.
source: CAPITAL
