ATHEX – Stabilizing between two fronts

With the eyes on the capital increase of PPC, but also with the foreigners waiting for the meeting of the Federal Reserve, the Greek stock market is on a significant step, around 905 units. In fact, the trading activity so far shows that the protagonist of the meeting is waiting, with the moves being selective until further orders.

However, there is clearly an optimism in the market, as according to information cited by ot.gr, the process of increasing the share capital of PPC is breaking every record. According to ot.gr, one hour after the opening of the book of offers and the private placement has already collected the requested amount of the increase which is 1,350 billion euros. The offers exceeds all expectations, while the book remains open.

At the same time, foreign investors are awaiting the Fed’s decision on Wednesday, which is expected to approve plans to cut its $ 120 billion monthly bond-buying program. Investors will also focus on commenting on interest rates and how sustainable the recent rise in inflation is.

In terms of securities now, Aegean is recording losses of 1.16%, with National Bank, OPAP, Mytilineos, Piraeus, Eurobank, Motor Oil, OTE and PPC being in mildly declining territory. On the other hand, the profits in PPA, Sarantis, Coca Cola, Alpha Bank, and Viohalko contribute to the positive sign of the general index.