Today, the Greek stock market is going through the… pain of securing profits, which clearly after an impressive session should provide liquidity to participants, satisfying the basic principle of investments.
The general index recorded gains of 0.24%, at 1,204.17 points, with the turnover at 10 million euros.
As expected, the picture of the market today is completely different from yesterday’s impressive rally, but that does not mean that the sentiment has changed. Many portfolios are going through the… fund today in order to lock in some of yesterday’s gains and improve their exposure to a market that sooner or later will be part of an investment grade economy.
As Eurobank Equities analysts point out, “although there will be some mild profit-taking, overall strong momentum will be maintained in the coming weeks as investors assess political risk and the stable economic outlook for Greece, including possible upgrade of Greece to investment grade as early as the second half of 2023. Euroxx estimates the same.
The picture on the dashboard
In terms of securities, EYDAP, Alpha Bank, OPAP, OTE, PPC, Motor Oil, Coca Cola, Eurobank, Terna Energy, Jumbo, GEK Terna and Piraeus are now in positive territory, while Aegean, Ethniki, Hellenic Petroleum, Mytileneos, Titan, Lambda, Biohalco, PPA, Autohellas, Sarantis and ELHA.
Latest News
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
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4
OECD: Job Vacancies on the Rise in Greece
By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019
OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece
This initiative will provide ultra-fast internet speeds of up to 1Gbps to over 350,000 households and businesses in semi-urban and rural areas across the country