After a short “truce”, the sellers returned to Athens Street to keep the Greek stock market at current levels again, for the third session in a row. The general index recorded gains of 0.14% at 1,220.38 points, with turnover at 52 million euros.
Climate
Although the banking sector, along with some selected stocks, is trying to keep the market positive, sellers have started to take the reins, picking stocks that have starred in the previous days. The rotation of interest so far, however, keeps the market moving within a safe range, without spoiling its positive technical image.
Investors seem to have a wide range of stocks in mind, not just the “known” ones like banks, bodyguards, blue chips, etc. In this way, medium-term continuation is sealed, as traditionally such behaviors lead to newer highs sooner or later. After all, the highs reached need time to mature so that a new up cycle can (or won’t) begin, with most stocks, especially those that have led the General Index by weight and/or performance thus far, being still excellent.
On the board
In terms of securities, Piraeus, Jumbo, Eurobank, Alpha Bank, National Bank, PPA, Sarantis and OTE stand out, while Quest, EYDAP and Coca Cola are also moving positively. On the other hand, the pressures on Motor Oil, Autohellas, Ellactor, Mytileneos, GEK Terna and Terna Energy are strong, while the signs are also negative on Lambda, Aegean, Hellenic Petroleum, PPC, Titan, OPAP, ELHA and Biohalco.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
