Greek market moves mildly downwards in a thin turnover on Tuesday, as the General Index moves across 1,600 units.
Banks had been recording early losses of 1.35%, while FTSE20 posts mixed signs, as Public Power Corporation reacts positively after yesterday’s heavy losses and Coca-Cola 3E, Motor Oil, Jumbo and Hellenic Postbank follow with small profits.
Marfin Analysis expects a similar to yesterday’s session for today, while ATE Securities expects a mild open today, with investors in the domestic market monitoring international developments in forming sentiment.
Kyprou Securities remains cautious for the mid-term but optimistic for the ASE’s long-term course, as ”investors seem to hold a “wait-and-see” stance with both positive and negative developments for the Greek crisis in the EU level as well as weakness of the reforms’ pace in Greece”.
Pegasus Securities cannot single out positive news content, especially when it comes to fiscal issues.
“The Athens market is expected to trade in the same levels today, as the absence of significant domestic positive catalysts provides little room for a notable market cap improvement, especially as long as the momentum of markets abroad remains soft on challenging geopolitical and economic conditions and pressures asserted on specific large-cap equities gradually spill over, dragging along with them the majority of domestic blue chips”, Pegasus said in its morning report.
Across the board, the General Index is at 1596.66, don 0.92%, moving into a margin of approximately 18 units. The turnover is at €20.5mn, while a total amount of 58 shares decline, 36 rise and 23 remain unchanged. Banks are at 1331.78 units, down 1.10%.
source: CAPITAL
