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Awaiting for MSCI announcements | TheGreekDeal.com
Athens Stock Exchange
Awaiting for MSCI announcements
The local market is waiting for the restructure of the MSCI index, and all attention is focused on any modifications to Standard Greece.
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Stagnation prevails today (14/5) on the Athens Stock Exchange, with sellers and buyers giving "battle" for the control of the bias, postponing for now the climb towards 1,500 units.

Nevertheless, the long-term trend remains highly positive, with the Greek market measuring gains of 14% since the beginning of 2024 and 35% since the lows of last October (1,111 points).

The local market awaits the MSCI index restructuring, with any changes in Standard Greece monopolizing the focus. At the same time, the market is also focused on the publication of the first-quarter corporate results. 

The banking index is almost unchanged, as it is currently at -0.05% and 1,284 points, pending the new financial results for the period.

Eurobank's share is limited to -1.11% and 2.053 euros; National Bank's share is up +0.52% and 8.112 euros; Alpha Bank's share follows at +0.12% and 1.614 euros; and Piraeus' share is stable at 3.87 euros.

In the high-cap index (-0.02% and 3,572 points), Titan Cement shares, after successive records and the impressive rally, are rushing to correct to -2.6% and 30.4 euros. Shares of Terna Energy and GEK Terna are also down more than 1%. On the flip side, PPC shares are up 1%, with OTE shares trailing at 0.8% and 14.2 euros, thanks to a first-quarter profit of 142.5 million euros.

As for the mid-cap index (+0.15% and 2,384 points), Kri-Kri's shares stand out positively at +1.5% and 10.5 euros, with shares of Techniki Olympiaki and Lavipharm following at least +1%. On the other hand, shares of Fourlis and Austriacard slip 1%. 

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