The Athens Stock Exchange managed to break the narrow range of the last few weeks and reach the highest levels since August 1 today (2/9), with investors holding the reins for the third consecutive session.
Despite the holiday on Wall Street and the sellers' lead in Europe, the Greek market managed to self-regulate and surpass the 1,440 resistance level, finding support in selected stocks. Of course, there was no convincing turnover in conjunction with the upward reaction, which remained at low levels.
This, however, cannot be ruled out to change in the coming days/weeks, given the many "dense" developments that follow in September (DBRS & Moody's, interest rate cuts, corporate figures, etc.), which can significantly boost daily investment activity.
More specifically, in the first session of the month, the General Index posted a satisfactory increase of 1.05% and reached a daily high of 1,446 points, gaining about 15 points compared to Friday's close (1,431.19 points).
The arc of daily fluctuations was fixed at 14 points (from 1,432.04 to 1,446.21 points), with the turnover of transactions, however, not exceeding 81 million euros, of which 8.2 million euros related to pre-agreed packages.
The banking index, despite a numb start, finished +1.37% and 1,282 points, pending the decisions on the latest round of disinvestment of the HFSF and the upcoming listing of Bank of Cyprus.
Piraeus shares were up +2.87% and EUR 4.02, Alpha shares followed at +1.91% and EUR 1.576, NBG shares traded +1.53% and EUR 7.978, while Eurobank shares were unchanged at EUR 2.064.
In the high-cap index (+1.34% and 3,520 points), OPAP's shares expanded by +3.2% and recovered to 16 euros, ahead of tomorrow's publication of corporate figures. OTE shares also rose by 2.8%, returning to 15 euros. Elvalhalcor, PPC, Titan Cement, Metlen, Lamda, and Jumbo gained at least +1%, while Sarantis surged +3% to 10.2 euros, pending today's financial results. Aegean's shares, meanwhile, soared +2.2% and returned to 11 euros. On the flip side, Autohellas shares folded to -2.2% and 11.2 euros. Finally, Motor Oil closed stable with a turnover of 16.5 million euros in the wake of the rebalancing to MSCI.
As for the mid-cap index (-0.34% and 2,312 points), Intrakat shares stood out negatively at -2.5% and 5.02 euros, with Fourlis, ADMIE, Intralot and Optima Bank following at around -1%. On the other hand, Profile's shares expanded dynamically to +3.6% and EUR 4.74. Austriacard and Dimand gained at least 2%, while the shares of EXAE rose to +1% and EUR 4.56.
