The trading activity in the Athens Stock Exchange remained weak on Monday, with the London market closed due to a holiday.
With the total turnover marginally exceeding €56m, the General Index ended with minor losses, after fluctuating into a margin of 36 units. Banks’ fluctuation was even stronger, reaching 49 units or 4.52%.
Ellaktor and Jumbo topped FTSE20 with profits of more than 2.5%. On the other hand, ATEbank and MIG fell by more than 4%.
Transactions are still on low levels and investing interest reaches a minimum, said Guardian Trust Securities in a report, adding that the Greek markets (stock and bond) seem to be removed from most of the investors’ planning.
Many shares are traded around their nominal value, without being considered an opportunity, according to Guardian. The Greek government bonds incorporated spreads that have recorded historical highs, but there is a mismatch with the BB- and B1 Greek debt ratings, said Guardian, which considers that the continued failures of Greece’s fiscal forecasts led the country to lose its credibility.
The publication of financial results of domestic listed companies this week would improve the news flow (Titan on 5/5, S&B, Emporiki Bank and OTE on 6/5), which has been focusing monotonously recently on the developments regarding fiscal figures and debt managements, commented Pegasus Securities.
Across the board, the General Index ended at 1,429.12 points, with losses of 0.39%. Intraday losses reached 1.6%, despite early gains of 0.94%. Approximately 18.7 million units, worth €56.7m were traded on Monday, while a total amount of 74 shares declined, 65 rose and 142 remained unchanged.
Ellaktor and Jumbo topped FTSE20, with profits of 2.94% and 2.57% at €3.15 and €5.59 respectively, while OPAP and PPC followed with gains of 1.47% and 1.16% respectively. Titan and OTE recorded minor profits, while Viohalco remained unchanged.
On the contrary, ATE and MIG were forced into losses of 4.35% and 4.23% respectively, while Hellenic Postbank and Marfin Popular Bank ended down 3.45 % and 2.44% respectively. Coca-Cola 3E and Alpha Bank recorded losses of 1.93% and 1.52% respectively, while Hellenic Petroleum and Bank of Cyprus declined by 1.39% and 1.22% respectively.
source: capital
