The General Index of ASE struggles to maintain above 1,300 units on Tuesday, burden by the PPC dividend cut-off.
Greek banks recover from early losses of 1.3%, with National Bank trading at the region of €5.1-5.32, while ATEBank extends a recent upward streak and Eurobank follows into positive territory.
However, the turnover stands at disappointing levels, hardly exceeding €18m.
Pegasus Securities considers yesterday’s correction as slight, as short-term profit-taking was confined within reasonable limit.
“Following four consecutive positive sessions, the General Index proceeded with what we consider that was a promising adjustment that was realized on low volume, which paves the way for a gradual continuation of the market΄s ascending trend”, said Pegasus.
Is considers encouraging the performance of companies involved in privatization projects.
On the board, the General Index is at 1,305.13 units, with marginal losses of 0.10%. The turnover is €18.7m, while a total amount of 52 shares rise, 40 decline and 39 remain unchanged.
Banks are in a declining mood, currently at 1,025.04 units, down 0.47%. ATEBank gains 2.76%, while Eurobank rises by 0.59%. Marfin Popular Bank declines by 1.56%, while Alpha Bank posts losses of 1.35%.
Mytilineos tops FTSE20 with profits of 2.89%, while PPC falls by 5.33%.
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