Signs of weakness are evident in the Greek stock market today, which despite the fact that it maintains its positive sign, can not move decisively, maintaining the same pace as the previous two days. Thus, the general index gains 0.23% to 910.20 points, with a turnover of 25 million euros.
The market seems to be restrained by the corrective moves made in most of its securities, especially in the banking sector, which are moving in negative territory, except for Alpha Bank. After all, the banking index today tested all 600 points, ie at five-month highs, to slide at this time to slightly lower levels.
However, what most analysts point out is that until the process of PPC’s capital increase is completed, the market can not be “liberated” and experience the highest levels without restrictions. Today it is reminded that the book of offers is closed, with the relevant announcements expected tomorrow.
However, the estimates for PPC are extremely positive, with the share reacting today with + 3.14%, making together with + 2.23% of Terna Energy and + 1.18% of Coca Cola its “trinity” support for the positive sign. On the other hand, this trio has to face the negative majority, especially in titles such as OTE, Mytilineos, Ethniki, Eurobank and Lambda.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greek State to Reopen 3.875% Bond on Wed.
Bond of 3.875% is set to mature on March 12, 2029
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![Τουρισμός: Ποιες χώρες ηγούνται της παγκόσμιας ανάπτυξης – Στην 9η θέση η Ελλάδα [πίνακας]](https://www.ot.gr/wp-content/uploads/2024/05/02tourismos10-90x90.jpg)
