Stock exchange rally, with the help of the bank + 8%

By Alexandra Tombra

Finally, after several weeks of 600 levels, the Athens Stock Exchange, which jumped 2.5%, lifted the first hurdle of 610 units and boosted commercial activity to a satisfactory level.

In particular, the general index posted gains of 2.50% to 618.16 units, while today it has evolved between 604.97 units (+ 0.31%) and 620.28 units. (+ 2.85%). The business turnover amounted to 62 million euros and the volume to 49.3 million pieces, while 15.1 million pieces were exchanged under the umbrella of. agreed transactions in advance.

The large-cap index finished a gain of 2.20% to 1,633.34 points, while that of mid-cap companies closed at + 2.75% to 939.79 points. The banking index ended with a gain of 8.10% to 452.69 points.

We had to arrive on the eve of the major rebalancing of the MSCI indicators in order to allow buyers to "step in" and show that they are in contact with the Greek market. After having "authorized" the funds to withdraw from the Greek scoreboard (the last match will take place tomorrow), they took advantage of the weakness of the badessments to place themselves.

This is also the reason for today's explosive explosion, with a high turnover, that was ejected at auction, as commented on a stock market at Capital.gr, if buyers were watching over Last days to maintain the overall index at more than 600 points, but that does not mean that they do not allow the selected titles to see their ratings even lower.

Of course, Moody's also contributed to their "work" by making public the first, positively-formulated badysis of the Bank of Greece's initiatives to address the problem of non-performing loans to banks. In recent years, several foreign badyzes have indicated that the Bank's plan was going in the right direction, but everyone was asking for more details to know the impact on existing shareholders.

But subsequently, Moody's ended up considering the loan plan of the Bank of Greece as a positive credit because it is supposed to improve the quality of its badets and the quality of its own funds due to the lower proportion of DTC. NPEs in the Greek banking system account for around 89 billion euros (in June), accounting for 48% of total loans on the balance sheet.
However, it should be noted that apart from the banking sector, which has a monopolized interest, the market today has shown its reaction (finally) to the positive movements and news that have been on the market recently and have occurred. in the shade of the climate. intense speculation and caution.

The typical example of Mytilineos today, whose share … for some unexplained reason, has been considerably overvalued lately. The head of the company, Evangelos Mytilineos, was simply to present the figures of the group in order to understand that the valuation of a listed company offering dividend growth and healthy sizes is very low. Indeed, the stock jumped 8.21%.

Intralot's share is another intriguing example, which is clearly at the forefront of negative speculation on the upcoming MCQ ads (the fund that revealed the Folli Follie scandal) on December 3rd. The stock closed today with gains of 20.37%, the publicly traded company having rejected the scenarios, the fund qualifying them as "false information".

In the scoreboard, Eurobank and Grivalia, with a time lag, conquered the market, closing at 13.03% and 11.07% respectively, with Alpha Bank up 7, 59% and HELEX 6, 69%. Biohalco, Fourlis, PPC and National recorded an increase of over 4%, while more than 3% were Aegean and EYDAP.

LAMDA, PIRAEUS and JUMBO gained more than 2%, while PPA, ADMHE, GEK Terna and Greek Petroleum closed more than + 1%. Small profits for Terna Energy and OTE, with Sarantis and OPAP closing without change. On the other hand, Coca Cola, Titan and Motor Oil posted slight losses, none exceeding -0.50%.