Athens Stock Exchange: Holding… and absorbing new highs

Today, the Greek stock market is making moves to absorb the new highs, since October 2014, with MIG’s case in the spotlight after the Piraeus Bank public offer. The general index recorded losses of 0.01% at 1,064.39 points, with the turnover at 15 million euros.

As expected, Piraeus Bank priced the mandatory public offer for MIG at 0.1668 euros per share, opening the last public offering in a company that has occupied Athens Street for at least two decades. The percentage of Piraeus already exceeds 41%, while today the title has already traded over 20 million pieces.

In any case, the market today shows that it wants to “stop for a bit” and assimilate the levels, in order to improve its liquidity from the rise of several securities. This liquidity may also be extremely useful in case the corrective movements intensify, so as not to lose the supports, which have risen in the first phase to 1,050 units.

The picture on the board

In terms of stocks, strong gains are made by Jumbo and OPAP, while PPC, OTE, Hellenic Petroleum, Quest, Lambda, ELHA, Biohalco, Terna Energy, National and PPA are moving positively. On the contrary, Piraeus loses 1.44%, with Eurobank, Alpha Bank, Mytileneos, EYDAP, Titan, Sarantis, GEK Terna, Ellactor, Coca Cola, Autohellas, Motor Oil and Aegean being in negative territory.