With a significant boost from selected securities, but also with the weight of almost -2% of PPC, the Greek stock market is moving today, which although returns to pre-Friday levels, does not show willingness to cross the resistance of 910 points.
Thus, the general index remains at 906.97 points with gains of 0.99%, but the turnover has exceeded 26 million euros.
With this move, the market maintains the positive short-term uptrend scenario, but its fulfillment does not yet seem to be realized. And this, as stock market sources comment to ot.gr, is a result of the increase of PPC’s share capital, which will be completed this week, absorbing a significant part of the market liquidity.
It is reminded here that the book of offers for PPC AMK will open on Tuesday, November 2 and will close on Thursday, November 4. The sale price will range from 8.50 to 9 euros, which means that the range of funds raised will range from 1.105 billion euros to 1.350 billion euros.
Thus, the share of PPC moves with losses of 2% to 9.1850 euros, “burdening” the market, which gets a significant boost from + 3.3% of Lambda, but also + 2.94% of Eurobank.
Profits in Viohalko, Alpha bank, Coca Cola, OTE, Ethniki and GEK Terna are also significant.
Latest News
Travel Weekly: Astypalaia Tops List of Unconventional Greek Islands
"Astypalaia is evolving into a sustainable destination, unique on a global scale. The response from travelers to these changes has been remarkable. We anticipate a very promising tourist season," stated the Deputy Mayor of Astypalaia, Kostas Kampylis.
Work Week – Greek 6-Day Week Starts in July – Some EU Countries Go for 4 Days
German publication FAZ highlights the low wage rates in the country, despite Greeks working more hours compared to other EU member-states
Greek Government to Launch Economic Package to Address Housing and Tax Issues
The government plans to advance institutional reforms, particularly to tackle the housing shortage, and will review adjustments aimed at rectifying tax burdens on self-employed professionals
Holidays Show Decline in Greek Travel Abroad
Additionally, there has been a shift from Balkan destinations to traditional European hotspots like the United Kingdom, Germany, France, Italy, and the Netherlands.
Transport Min. Adds 250 ‘Green’ Buses to Athens, Thessaloniki Fleets
Transport Minister Christos Staikouras noted that the long term goal is to replace at least 1,300 outdated buses with new, low-emission vehicles by 2027
Cruise Lines Agree to Visitor Quota, Question ‘Tourist Tax’
PM Mitsotakis announced to Bloomberg on Friday that Greece will impose restrictions on cruise ships visiting popular islands, to combat over-tourism
New Cabinet after Reshuffle Convenes Saturday
Prime Minister Mitsotakis called for a period of "comprehensive rebooting" and outlined salary increases, changes in the health and education sectors and the fight against inflation as the government's four priorities
Bloomberg: Greece to Restrict Cruise Ships on Popular Islands
Furthermore, Mitsotakis specifically noted pressure on Greece's popular destinations, such as Santorini in the Cyclades.
Eurostat: Greece Ranks High in EU Job Vacancy Rates
Greece registered the highest uptick in in the metric compared to the respective period last year
Tourism: Over 4,000 UK Flights to Greece in June
Citing Cirium figures, UK-based travel website travelweekly.co.uk reports that over 4,000 flights are scheduled to operate from UK airports to Greece in June 2024