Banks post mixed signs, with their index posting losses of 1.43%, while OTE and Coca-Cola 3E stand out across FTSE20, with profits of 2.795% and 1.99% respectively.
“Last week of 4Q10 results announcement, the market will most probably accumulate at current price levels, amid renewed concerns on Japan’s crisis”, said Marfin Analysis in its morning report, while it stated that some interest could be seen on PPC, on the back of its quarterly results that were announced today before the bell.
Eurobank Securities expects a calm trading session with low volumes and a positive bias with focus remaining on developments in the Euro area, while Kyprou Securities remains cautious on ASE, as “the postponement of EU Summit decisions for June and revived worries about the Japanese nuclear accident do not benefit equities.”
“The inability of EU-member officials to reach additional solid agreements during the latest EU Summit and the absence of significant domestic positive catalysts, both corporate and sovereign, are anticipated to increase the market΄s weakness, with the GI expected to trade towards slightly lower levels today”, according to Pegasus Securities.
Across the board, the General Index is at 1613.1 units, down 0.56% %, moving into a narrow margin of 18 units, while the turnover stands at €43bn. A total amount of 49 shares rise, 85 decline and 42 remain unchanged.
source: CAPITAL
