The Athens General Index moves aligned with the course of European indices on Thursday, fluctuating between profits and losses, while the market focuses on the upcoming European Summit on Friday.
Banks recover from early losses of 2.22%, reversing marginally on positive territory, while the performance of Hellenic Postbank stands out, posting profits of 2.19%.
Mytilineos and Public Power Corporation top General Index’s profits with gains of 3.33% and 2.16% respectively, following the new law bill by the Environment Ministry that opens the electricity market.
Pegasus Securities comments that the General Index’s course on Wednesday “demonstrated the nervousness of investors in relation to the “grey areas” surrounding the resolutions of the EU Summits, a situation not expected to change until final decisions are announced.”
Kyprou Securities remains cautious on the domestic market, as the sentiment seems to be fragile at the current moment, while speculation about potential debt restructuring does not benefit the ASE.
“Major EU decisions on the EFSF and weak fiscal performance could possibly lead the FTSE ASE 20 index even lower”, according to Kyprou.
Across the board, the General Index is at 1542.68 units, up 0.11% in a turnover of EUR 34.5mn. A total amount of 56 shares rise, 65 decline and 55 remain unchanged.
Banks also post marginal gains of 0.12%, at 1276.26 units. Apart from Hellenic Postbank, ATEBank and Marfin Popular Bank rise by 1.35% and 1.15% respectively, while Piraeus Bank, National Bank and Bank of Cyprus gain 0.7%, 0.64% and 0.38% respectively.
On the other hand, Geniki Bank and Proton Bank lose 1.6% and 1.33%, while Alpha Bank and Eurobank decline by 0.63% and 0.22% respectively.
Banks recover from early losses of 2.22%, reversing marginally on positive territory, while the performance of Hellenic Postbank stands out, posting profits of 2.19%.
Mytilineos and Public Power Corporation top General Index’s profits with gains of 3.33% and 2.16% respectively, following the new law bill by the Environment Ministry that opens the electricity market.
Pegasus Securities comments that the General Index’s course on Wednesday “demonstrated the nervousness of investors in relation to the “grey areas” surrounding the resolutions of the EU Summits, a situation not expected to change until final decisions are announced.”
Kyprou Securities remains cautious on the domestic market, as the sentiment seems to be fragile at the current moment, while speculation about potential debt restructuring does not benefit the ASE.
“Major EU decisions on the EFSF and weak fiscal performance could possibly lead the FTSE ASE 20 index even lower”, according to Kyprou.
Across the board, the General Index is at 1542.68 units, up 0.11% in a turnover of EUR 34.5mn. A total amount of 56 shares rise, 65 decline and 55 remain unchanged.
Banks also post marginal gains of 0.12%, at 1276.26 units. Apart from Hellenic Postbank, ATEBank and Marfin Popular Bank rise by 1.35% and 1.15% respectively, while Piraeus Bank, National Bank and Bank of Cyprus gain 0.7%, 0.64% and 0.38% respectively.
On the other hand, Geniki Bank and Proton Bank lose 1.6% and 1.33%, while Alpha Bank and Eurobank decline by 0.63% and 0.22% respectively.
