The Greek Deal.com
MSCI turnover soared to €377 million - 3.1% loss in August | TheGreekDeal.com
Athens Stock Exchange
MSCI turnover soared to €377 million - 3.1% loss in August
The value of today's trades on the Athens Exchange soared as the restructuring of the MSCI indices triggered a large wave of buying and selling in the final auctions.
Newsroom
TIME TO READ
2 min

The value of today's trades on the Athens Exchange soared as the restructuring of the MSCI indices triggered a large wave of buying and selling in the final auctions.

As a result, the final turnover climbed to over €377 million, of which €184 million was for Motor Oil (removed from the MSCI Standard Greece), helping the General Index close the session at the highest point of the day (1,431 points).

Of course, this did not change the big "picture,"  with the Greek market remaining trapped in the narrow range of the last two weeks (1,425 to 1,437 points), failing to break through the 1,440 point resistance.

More specifically, during today's session, the General Index recorded a slight increase of 0.30% to 1,431.19 points, gaining about 4.5 points compared to Thursday's close (1,426.91 points).

The arc of daily fluctuations was fixed at seven points (from 1,424.59 to 1,431.33 points), with a turnover of 377 million euros, of which 17.3 million euros related to pre-agreed packages.

On a weekly basis, the General Index was almost unchanged (-0.1%), while for the month as a whole, despite the recovery from the sell-off of 5 August, the cumulative change turned out to be negative by 3.1%.

The banking index managed to break its three-day downward streak, ending up +0.69% and 1,265 points.

Piraeus shares widened to +2.17% and EUR 3.908, Eurobank shares followed at +0.68% and EUR 2.064, ΝΒG shares traded at +0.36% and EUR 7.858, while Alpha shares narrowed to -0.87% and EUR 1.5465.

In the high-cap index (+0.17% and 3,473 points), Motor Oil's shares rose dynamically by 1.4% to 21.7 euros, although they reached 22 euros intraday. For their part, shares of Autohellas and Hellaktor "flew" to +3%, with shares of Helleniq Energy and Lamda following at +2% and +1.8%, respectively. GEK Terna and EYDAP were up 1%. In contrast, OPAP's shares lost 2% and folded at EUR15.6. OTE, at the same time, lost 1.4%, with Sarantis retreating 2.5% and falling below 10 euros (6-month low).

As for the mid-cap index (+1.43% and 2,320 points), Fourlis' share stood out at +3.4% and recovered 4 euros, with the market positively assessing the agreement with Foot Locker. Shares of Trade Estates, Profile, and Intrakat increased by more than 1%, while PPA, Intralot, Techniki Olympiaki, and Optima gained at least 2%. On the flip side, shares of EYATH fell by 0.9%.

READ ALSO