Greek Exchange moves upwards on Tuesday, following yesterday’s correction and ahead of the auction of Greek treasury bills.
Banks outperform so far, posting profits of up to 1.3%, while the market is focusing on the auction of six-month Greek treasury bills worth EUR300mn by the Public Debt Management Agency.
Kyprou Securities says that some further profit taking cannot be ruled out today. “Any developments or rumours about eurozone support to weak member states negotiations should provide direction on the ASE for the next two months”, it says in its morning report. “The €300m Greek T-bill auction today should affect the ASE’s course”, it adds.
Pegasus Securities also states the importance of today’s auction, while expects the General Index to most likely move in positive territories today, with volatility, however, retaining its focal role.
“Yesterday΄s finish retains our positive view, as we consider that the 1½ days of correction seem to have been concluded, with the Athens market withholding the pressures asserted on most large-cap equities despite the notable recent gains”, it says in its report.
Marfin Analysis expects the domestic market to accumulate at current price levels. “Some interest could be seen on Coca Cola Hellenic on the back of 4Q10/FY10 results that are going to be announced tomorrow morning”, it adds.
Across the board, the General Index is at 1,681.85, up 1.71% in a turnover of EUR62mn. A total amount of 86 shares rise, 22 decline and 34 remain unchanged.
Banks are up 1.28%, at 1473.22. National Bank and Marfin Popular Bank climb by 2% and 1.89% respectively, while Alpha Bank and Piraeus Bank rise by 0.87% and 0.63 respectively.
Banks outperform so far, posting profits of up to 1.3%, while the market is focusing on the auction of six-month Greek treasury bills worth EUR300mn by the Public Debt Management Agency.
Kyprou Securities says that some further profit taking cannot be ruled out today. “Any developments or rumours about eurozone support to weak member states negotiations should provide direction on the ASE for the next two months”, it says in its morning report. “The €300m Greek T-bill auction today should affect the ASE’s course”, it adds.
Pegasus Securities also states the importance of today’s auction, while expects the General Index to most likely move in positive territories today, with volatility, however, retaining its focal role.
“Yesterday΄s finish retains our positive view, as we consider that the 1½ days of correction seem to have been concluded, with the Athens market withholding the pressures asserted on most large-cap equities despite the notable recent gains”, it says in its report.
Marfin Analysis expects the domestic market to accumulate at current price levels. “Some interest could be seen on Coca Cola Hellenic on the back of 4Q10/FY10 results that are going to be announced tomorrow morning”, it adds.
Across the board, the General Index is at 1,681.85, up 1.71% in a turnover of EUR62mn. A total amount of 86 shares rise, 22 decline and 34 remain unchanged.
Banks are up 1.28%, at 1473.22. National Bank and Marfin Popular Bank climb by 2% and 1.89% respectively, while Alpha Bank and Piraeus Bank rise by 0.87% and 0.63 respectively.
