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Week of recovery with +3% gains | TheGreekDeal.com
Athens Stock Exchange
Week of recovery with +3% gains
The Athens Stock Exchange today (27/9) put a stop to the 4-day upward streak, with investors absorbing the significant gains of the last few days.
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The Athens Stock Exchange today (27/9) put a stop to the 4-day upward streak, with investors absorbing the significant gains of the last few days.

However, this in no way changed the positive sentiment of the current period, with the Greek market bid farewell to the week from the 1,470 mark, showing a cumulative increase of +3% over the five-day period.

Certainly, the buoyant sentiment abroad (consecutive record highs on the DAX and Wall Street) helped decisively in this performance, while attention focused on both the first half corporate figures and the upcoming placement of the National Bank. 

Specifically, in the last session of the five-day period, the General Index fell marginally by 0.17% to 1,468.70 points, losing just 2.5 points compared to Thursday's close (1,471.26 points).

The arc of daily fluctuations was fixed at nine points (from 1,465.76 to 1,474.34 points), with a turnover of 126 million euros, of which 33.5 million euros related to pre-agreed packages.

After outperforming by +4.7% over the course of a five-day week, the banking index showed signs of stagnation and finished at -0.74% and 1,277 points.

NBG's shares, for which the placement offer book opens on Monday, marginally strengthened to 7.8 euros (+0.4%), while Piraeus' shares declined -0.51% and 3.93 euros, Eurobank's shares traded -1.60% and 2.09 euros, and Alpha's shares narrowed to -1.97% and 1.593 euros.

In the high-cap index (-0.32% and 3,578 points), Titan Cement shares rose +1.1% and 35.4 euros, setting an all-time high. Jumbo shares also gained 1.3%, returning to above EUR 26. Aegean and Sarantis expanded by 0.9% and 0.7%, respectively. In contrast, Motor Oil shares lost 1.3% and fell to 21.3 euros. Metlen put a stop to its streak of six consecutive up sessions, which fell -1% and 35.8 euros. Ellaktor, PPC, and Viohalco retreated 1.9%, 1.1% and 1.6%, respectively.

As for the mid-cap index (-0.22% and 2,344 points), Kri Kri's shares reached new all-time highs (13.45 euros), despite the discount (-10%) of yesterday's placement price for 3% of the share capital, which involved 1 million shares and took place at a price of 12 euros. Beyond that, EYATH jumped 3.8% and AVAX gained 1.4%, boosted by positive first half financial results. In contrast, shares of Intracom, Intralot, EXAE and FOURLIS slipped by at least 1%.

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