The Greek Deal.com
Modest rise for the 4x4 - At €208 million turnover due to MSCI | TheGreekDeal.com
Athens Stock Exchange
Modest rise for the 4x4 - At €208 million turnover due to MSCI
Athens Stock Exchange started the week with a step of stabilization at the 1,400 level, although it saw banks continue with nervousness.
Newsroom
TIME TO READ
2 min

Athens Avenue started the week with a step of stabilization at the 1,400 level, although it saw banks continue with nervousness.

In particular, the General Index closed at 1,406.2 points with a small gain of 0.33%, having moved within a range of 10.16 points (high at 1,410.6 and low at 1,400.5).

Trading activity from the €75 million level before the call auctions jumped to €207.76 million due to the rebalancing of the quarterly MSCI index rebalancing. The 10m was for 12 packages (3 to Bank of Cyprus for 5.47m, 2 to Intrakat for 2.52m) with trading volume at 42.6m pieces.

It should be noted that the restructuring of the FTSE Russell indices was completed without any changes involving Greek securities.

With the restructuring of the MSCI indices, OTE's trading activity reached 34.8 million euros and was the highest of the day, with the stock retreating to 15.13 euros with -0.53%.

In banks, the picture was mixed as NBG, with the second highest turnover at 25 million, fell further to 6.88 million with -0.61%, as did Alpha (12.4 million), which fell 0.52% to 1.52 million.

Conversely, Piraeus (18.5m) gained 0.72% to €3.615 and Eurobank (19.2m) gained 0.44% to €2.045.

With trades exceeding 10 million, OPAP (19.55 million) was still at -1.52%, Metlen (15.5 million) at -0.57%, and Jumbo (12.1 million) at +0.16%.

With the 9th highest turnover of the day at 6.6 million, Bank of Cyprus moved to EUR 4.44 with a gain of 1.83%.

At the top of the FTSE was Ellaktor, which is out of the MSCI Small Cap, with a gain of 2.94% to EUR 1.68 and turnover of EUR 3.2 million.

Closely followed by ELHA (487k), which continued its mini-rally with a new gain of 2.56%, and the other of the group Cenergy (2.3m), which moved to 8.6 euros with +2.38%, while their parent company Viohalco (513k) was limited +0.39%. Aegean (733k) was up a significant 1.88%, and GEK TERNA (4.8m) was also up 1.68%.  Titan (3.6 mn) was "limited" today to +0.93%, reaching a new all-time high of EUR 38, with +11.6% in the last 4 sessions. 

On the other hand, beyond OPAP, Lamda (1.6 million) was pressured by -1.38% at 7.17 euros.

In mid caps, Intralot put in a strong upward reaction of 4.49% at EUR 0.93 with increased trading of EUR 1.75m, with Intracom (129k) following close behind with +3.96% at EUR 2.75.

PPA (673k) also touched EUR 31 with +3.85%, and Optima (742k) reached EUR 13.02 with +2.36%. 

It was indicative that only 3 stocks moved down on the FTSEM (Profile, Thrace Plastics, and EYAPS).

READ ALSO