Τhe current explosive rise of PPC and Biochalco seems insufficient… to lead the general index in the Greek stock market to levels higher than the buffer of 910 points, as the pressures on selected index stocks, such as OTE, do not allow greater upward movement.
The general index remains in the zone of 900 points, a little higher, but in no case does it try to move to higher levels, in order to give the message that the correction of September is completed. On the contrary, although today’s session started with significant gains, concerns have now been raised as to whether it can hold the positive sign, which will be the third since the beginning of the month.
The bet for the general index now is not to try again the support at 899-902 points, which persisted in the previous sessions. So far, of course, the general index is at 904 points with gains of 0.35%, with the turnover dropping and remaining at 32 million euros, with stock market sources reporting to ot.gr that caution is associated with the expiration of derivatives on indices and shares for the month of September next Friday, while at the end of the session the restructurings for the FTSE Russel index will take place with the main addition being that of Piraeus Bank.
In terms of securities now, PPC has reduced its profits to + 6.97%, with Viohalko and ELHA standing at + 2.96% and + 2.17% respectively. On the other hand, apart from -2.47% of EYDAP, what concerns is the -1.25% of OTE, as well as the -1.03% of the National Bank (Ethniki), as well as the negative signs in Coca Cola and Alpha Bank, which offset the profits in Eurobank, Mytilineos, and OPAP.
Latest News
ETC Report: Greece 3rd Most Popular Destination for Europeans
Italy and Spain are tied as the top destinations, each attracting 8% of travelers
Greece Battles EC to Protect Rice Industry and Public Health
Together with several other EU countries, Greece successfully blocked the European Commission's proposal to increase allowable levels of a banned pesticide commonly found in rice imported from southeast Asia
Eurostat: 3.2% Annual Inflation in Greece in April
The data shows that Greece ranks seventh in overall inflation within the eurozone and second in food inflation
Intrum’s 2024 Report Unveils Greek Businesses Embrace Digitalization for Growth
Looking ahead, over 40% of businesses prioritize development for 2024, with 65% recognizing the potential of digital business models as sustainable investments
IOBE: Mild Drop in April Business Confidence Index (BCI) in Greece
The positive balance of expectations for employment witnessed a marginal decline, while the index for production forecasts also recorded a mild drop
Greek PM Mitsotakis Calls on EU to Intervene Over Multinationals’ Pricing Policy
Speaking about price fairness, the Prime Minister emphasized, "Europe should also mean similar or uniform prices for the products sold by our multinational corporations.
Greenhouse Gas Emissions: 4% Decrease in EU, 0.3% Rise in Greece in Q4 2023
The EU's GDP remained stable with a marginal 0.2% increase in fourth quarter of 2023
HEREMA CEO: High Expectations from Natgas Exploration Off Crete
3D seismic surveys were conducted in the two offshore blocks west and southwest of Crete by a consortium comprised of ExxonMobil and HelleniQ Energy
EC Spring Forecast: Greek GDP at 2.2 in 2024, 2.3% in 2025
Besides Greek GDP inflation is expected to drop by a substantial 2.4% in 2024, settling at 2.8% from 4.2% in 2023 with 2025 recording a further decline to 2.1%
EBRD Raises Outlook for Greek GDP to 2.3% in 2024, 2.6% in 2025
Key downside risks remain, associated with possible delays in deploying Recovery and Resilience Facility (RRF) funds and weaknesses in key export markets and tourism source countries