A first attempt, to keep the Greek stock market in upward territory for a third consecutive day, is being made today (15/7) by buyers. The outlook upgrade by Scope Ratings provides the required "fuel". However, there is a limited resonance with European stock markets, which have been concerned about Donald Trump's assassination attempt.
In particular, the General Index is marginally up +0.08% at 1,453.50 points, in a range between 1,453.17 (low of the day) and 1,456.25 points (high of the day). The aim is for the GD to remain above the critical support point of 1,450 points.
"Numb" is the first reaction of investors after the attempted assassination of Donald Trump, with European stock markets returning to the red. The chances of him becoming president of the US again have "gone up" sharply and in case of his re-election, the EU has to face the possible imposition of tariffs, a scenario that "hurts" traders in the euro markets.
On the other hand, a positive catalyst for the stock market is the outlook upgrade of the Greek economy by Scope Ratings. The German rating agency (the first to give Greece an investment grade) kept its BBB-rating stable, but made a mini upgrade to the outlook, which is now positive, from stable previously. This paves the way for a possible new upgrade of the rating, to BBB, sooner than expected, as is the case with Standard & Poor's, which had also upgraded the outlook last April.
Excluding their dividend rights, ELINOIL (EUR 0.108 - net EUR 0.1026), Voyagiaglou Systems (EUR 0.145 - net EUR 0.13775) and Medicon (EUR 0.06 - net EUR 0.057) are currently trading. At the same time, around 1.22 million new Doppler shares, worth EUR 0.04 each, resulting from the recent share capital increase, are being introduced for trading.
Motor Oil has taken the lead in the session with a 2% gain, while all four systemic banks are in positive territory.
Alpha, Piraeus and Eurobank are all up in the region of 0.5% while NBG is marginally up. Metlen, ELPE, Lamda and Jumbo are also slightly up, while moderately down are Aegean and OTE with losses in the region of 0.3%. In the lower layers, Attica Bank's 8.5% rally stands out, after the approval of its merger with Pancreta was extended to Thursday.
In the mid-cap sector, Intralot with -0.6% and ADMIE with -0.4% show mild downward trends.
