
The market received the General Price Index at the beginning of the week, closing last Friday, at 893.47 points. That is, one day after the registration of closing at 903.3 points and with transactions until Thursday, after passing 887.15 on Monday intra-conference, it raised it to 900 on Wednesday. But closing yesterday at 893.98, made it clear that Athens was kept out of the climate that has been given to key Wall Street indexes and the pan-European EuroStoxx 600 consecutive high-life records.
Today, therefore, the weekly change will be set as so far there is a marginal increase by half a unit from last Friday. The above is mentioned to justify the assessment that the strong institutions that dominate even more comfortably in transactions at this time, will take care to create impressions that will lead the market to the end of August.
At the stock brokers, most of which are working with skeleton crews, the availability for analysis was limited and they did not comment on the fact that there were no changes from MSCI as much as the phenomenon that some announce upcoming changes without having studied the specifications that the company mentions for creation of its indicators. But almost everyone referred to Axianumbers data. As according to them, the Foreign Shareholder Beneficiaries made inflows of € 46.3m. in July, completing the third consecutive month of inflows, in contrast to the Domestic Beneficiaries of Portions who made outflows of € 46.3m. Foreign Shareholders made 61.6% of the total transactions (purchases & sales) in July 2021, while Domestic Shareholders made 38.4% of the transactions.
Regarding the ability of the general index to move higher, it turned out that this can not happen without the help of the banking sector and therefore without profits for the banking index. However, for eight sessions, this index is moving in a relatively narrow range of prices, which is set between 547 and 561.25 points. We are referring to the period from August 3 until yesterday. Every time the index approaches 560 points, pressures broke out that drove it lower. This happened yesterday the day before yesterday and a total of four times in eight, but the next day or the day after such a downward movement, there was a reaction. This ensured the support that exists when prices marginally exceed the level of 547 points. Today the index will start from 553.2 with a low on Thursday at 551.12 and therefore if the tradition of the last sessions continues it will move upwards. If the pressures continue, its maintenance above 547 will play a role, because if the lower limit of the lateral movement zone is violated, the liquidations will intensify.
Merit Sec considered the information to be worth mentioning, that ALFA is starting the tender process (project Skyline) for the emergence of an investor, who will be its strategic partner in the management and exploitation of a significant part of the real estate portfolio of the group. Interested investors will be invited to evaluate and submit bids for a portfolio of approximately 700 properties, worth approximately € 500m. The submission of non-binding offers is expected to take place at the end of September or the beginning of October, while the selection by Alpha Bank of the preferred investor is expected to take place by the end of the year.
PHOENIX VEGA MEZZ PLC announced that the trading of 1,250,367,229 common registered shares, with a nominal value of € 0.05, started yesterday in the general trading category of the Alternative Market, ΕΝ.Α. PLUS, of the Athens Stock Exchange. The trading code of the stock is PVMEZZ with Latin font. The commencement price of the Company’s shares is € 0.05 per share. Also today the trading of 133,920,002 new common registered voting shares begins, with a nominal value of € 0.04, which resulted from the Share Capital Increase with cash payment and issuance of new shares with pre-emptive rights in favor of the old shareholders.


Latest News

EFET on World Consumer Day: Humanity Faces New Challenges
This year’s message emphasizes the need for a transition to sustainable lifestyles while safeguarding consumers’ legally recognized rights. This means ensuring access to essential goods such as food and energy, as well as health and safety.

Athens Hotels Lead Europe in Value Growth for Third Year
Over the entire period from 2015 to 2024, the average annual increase in hotel value was 6.1%.

Unemployment Rate in Greece Down 8.9% in January: IOBE
The unemployment rate in Greece recorded a further decline in January 2025, reaching 8.9%, according to the latest Foundation for Economic & Industrial Research (IOBE) report.

Demand for Short Term Rentals in Greece Surges Ahead of Easter
Among the most popular Easter destinations from Good Friday to Easter Monday are Corfu, Hydra, the Peloponnese, Ioannina, Patmos, Loutra Edipsou, Kavala, Thassos, and Pelion

Opposition Reacts Strongly to Greek Government Reshuffle
PASOK's spokesperson, Kostas Tsoukalas, characterized the reshuffle as a clear indication of Mitsotakis' "strategic deadlock."

Greece’s Economy Awaits Moody’s Verdict on Investment-Grade Rating
The stock market has reflected strong performance, with the general index showing resilience and a lack of inward-looking caution.

Greek PM Reshuffles Cabinet after No-Confidence Vote
The most notable changes in the Greek cabinet reshuffle include Kostis Hatzidakis being appointed Deputy Prime Minister and Kyriakos Pierrakakis taking over as Minister of National Economy and Finance.

Mitsotakis: Greece-Israel Strategic Ties Increase Stability in East Med
Greek Prime Minister Kyriakos Mitsotakis made the statement in welcoming Israeli Foreign Minister Gideon Sa'ar to his office on Thursday

Conference Tourism in Greece Targets €6-7BLN
Currently, the Greek conference tourism generates €2 billion in revenue, ranking 47th globally in terms of total turnover in the international conference industry

Greece 2nd Last in Employment Prospects in EU: ManpowerGroup Report
Contrary to the global average, Greece’s employment prospects are strongest in the consumer goods and services sector