Stock prices registered a corrective retreat in today’s session of the Athens Stock Exchange, after seven bullish sessions during which the main stock index registered a total gain of 4.25%.
Intra-sessionally the market tried to move above the one-year highs and 9-year highs of 1,133 points, only to retreat afterwards.
Intra-sessionally it recorded a higher price at 1,135.50 units (+0.38%) and a lower price at 1,120.70 units (-0.93%).
The General Price Index closed at 1,122.41 points, down 0.78%.
The value of the transactions amounted to 73.33 million euros, while 22,302,236 shares were traded.
The large-cap index fell 0.89%, while the mid-cap index fell 0.70%.
Of the high capitalization shares, the biggest increase was recorded by the shares of Coca Cola HBC (+1.11%), Ellactor (+0.99%) and OTE (+0.67%).
On the contrary, the biggest fall was registered by the shares of Quest Participations (-2.51%), Aegean Airlines (-2.41%), Alpha Bank (-2.18%), Eurobank (-2.15%) and National (-2.04%).
Of the individual indices, the Food (+1.12%) and Telecommunications (+0.68%) indices recorded the biggest increase, while the Insurance (-1.94%) and Bank indices recorded the biggest losses (-1.87%).
The largest volume of transactions was presented by Alpha Bank and Eurobank, trading 7,710,457 and 4,330,320 shares, respectively.
The highest transaction value was recorded by PPC with 12.31 million euros and Alpha Bank with 9.24 million euros,
31 stocks moved up, 66 down and 16 remained stable.
The biggest increase was recorded by the shares: Eliketos +18.46% and Fieratex +6.15%.
The biggest drop was registered by the shares: Bitros -14.29% and Progressive -6.00%.
The stocks in the large cap index closed as follows:
TITAN: 15.6000 +0.52%
ALPHA BANK: 1,1865 -2,18%
AEGEAN AIRLINES: 7,7000 -2,41%
AUTOHELLAS: 13,200 -0.60%
VIOHALCO: 4,8200 -1,03%
GEK TERNA: 12.1000 -1.63%
PPC: 8.2600 -1.67%
COCA COLA HBC:29,1000 +1,11%
ELLAKTOR: 2.045- +0.99%
ELPE: 7.3700 -0.14%
ELVALHALCOR: 1,6800 -1,87%
NATIONAL: 5.1740 -2.04%
EYDAP: 6.2600 -1.73%
EUROBANK:1.4115 -2.15%
STOCK QUEST: 4.8550 -2.51%
LAMDA DEVELOPMENT: 5,6000 -1,84%
MOTOR OIL:21,8800 -0,09%
JUMBO: 22,6000 -0,26%
MYTILINEOS: 25.3200 -0.47%
PPA:19.3800 -0.72%
OPAP: 16.1400 -1.82%
OTE: 13.4600 +0.67%
PIRAEUS: 2.3100 -0.43%
SARANTIS: 7.2200 unchanged
TERNA ENERGY: 19.8600 unchanged.
SOURCE: APE-ME
#drop #General #Index #hit #9year #high
Interview with Financial Analyst Maria Nikolaou on Today’s Athens Stock Exchange Trends
Editor: Good afternoon, Maria. Thanks for joining us today.
Maria Nikolaou: Good afternoon! It’s a pleasure to be here.
Editor: Let’s dive right in. Today, the Athens Stock Exchange saw a corrective retreat after a series of bullish sessions. What do you attribute this shift to?
Maria Nikolaou: Well, it’s not uncommon to see a pullback after a strong rally, especially following seven consecutive days of gains totaling 4.25%. Investors often take this opportunity to realize profits. Today’s slight dip could be a natural market correction, especially given that the index was testing one-year highs.
Editor: Speaking of highs, the market reached intraday levels of 1,135.50 but ultimately closed lower. What does this say about investor sentiment?
Maria Nikolaou: The fact that the General Price Index peaked above 1,135 points indicates strong resistance levels. When the market struggles to maintain those highs, it suggests that investor confidence may be wavering or that there are external factors at play prompting cautious trading. The subsequent retreat could reflect a realization among investors that the market was perhaps overbought at that point.
Editor: Looking at the numbers, the market closed down 0.78% with notable declines in large-cap and mid-cap indices. What sectors performed best and worst today?
Maria Nikolaou: Among the large-cap stocks, shares like Coca Cola HBC and OTE saw positive growth, which is reassuring, suggesting some investors are still confident in key players. However, on the flip side, Quest’s shares experienced the biggest drop, highlighting that not all sectors are performing equally. This divergent performance underscores the nuances within the market.
Editor: The trading volume was reported at around 73 million euros, which is quite substantial. What can we infer from this trading activity?
Maria Nikolaou: High trading volumes typically indicate strong investor interest, whether it be in buying or selling. It reflects active participation in the market, suggesting that investors are closely watching the developments and making strategic moves based on current trends and sentiment.
Editor: As we look ahead, what should investors keep in mind going forward?
Maria Nikolaou: Investors should stay vigilant and consider both technical indicators and broader economic conditions. It might be prudent to expect some volatility as the market fluctuates in response to local and global news. Diversification and a careful assessment of each sector’s fundamentals will be key in navigating these waters.
Editor: Thank you, Maria, for your insights on the Athens Stock Exchange today. We appreciate you sharing your expertise with us.
Maria Nikolaou: Thank you for having me! It’s been a pleasure discussing these developments.
Hlighting concerns within certain sectors, particularly in airlines and banking, where we saw significant declines with Aegean Airlines and Alpha Bank both facing steep losses.
Editor: That’s insightful. The trading volume today was quite substantial, with over 22 million shares exchanged and a transaction value nearing 73.33 million euros. What does this suggest about current market activity?
Maria Nikolaou: High trading volume often indicates heightened investor interest, whether it’s driven by buying or selling pressure. In this case, while we saw some stocks retreating, the significant volume suggests that investors are actively engaged in the market, looking for opportunities amidst the fluctuations.
Editor: You mentioned resistance levels earlier. What do you think will drive the market in the coming sessions? Are we likely to see a continuation of this corrective phase, or could we see a rebound?
Maria Nikolaou: It’s difficult to predict with certainty, but if investor sentiment remains cautious, we may witness further sideways movement or slight declines in the coming sessions as traders digest recent gains. However, should we see positive economic news or strong earnings reports from key companies, that could reignite bullish activity and push the index back toward those highs. It all hinges on broader market conditions and investor confidence moving forward.
Editor: Thank you, Maria, for your valuable insights today. It’s always great to get your perspective on market trends.
Maria Nikolaou: Thank you for having me! Always a pleasure to discuss these important topics.
