The market of the Athens Stock Exchange remained on an upward trajectory, after yesterday’s explosive rise, closing above the levels of 1,170 units, with some share prices registering significant gains.
From the high capitalization, the shares of Aegean, Elvalhalcor, Titan and PPC outperformed.
The General Price Index closed at 1,175.78 points, marking an increase of 1.55%.
Intra-sessionally it recorded a higher price at 1,178.96 units (+1.82%).
The value of transactions amounted to 101.51 million euros, while 24,874,227 shares were traded.
The large-cap index rose 1.36%, while the mid-cap index gained 1.39%.
Among the high capitalization shares, the biggest increase was recorded by the shares of Aegean (+3.58%), Elvalhalcor (+3.49%), Titan (+3.45%), PPC (+3.22 %), Ellaktor (+3.20%), Motor Oil (+3.08%) and Alpha Bank (+3.07%).
Conversely, the shares of OTE (-1.27%) and Eurobank (-0.10%) fell.
Of the individual indices, the largest increase was recorded by the indices of Utilities (+2.87%) and Oil (+2.64%), while only the Telecommunications index (-1.27%) recorded losses.
The largest volume of transactions was presented by Eurobank and Alpha Bank, trading 6,766,000 and 6,474,118 shares, respectively.
The highest transaction value was recorded by Mytilineos with 14.29 million euros and National with 10.37 million euros.
73 stocks moved up, 25 fell and 21 remained stable.
The biggest increase was recorded by the shares: Plastics of Crete +6.85% and ELBE +4.76%.
The biggest drop was recorded by the shares: Sato -9.86% and Leventeris(p) -9.60%.
Stocks in the large cap index closed as follows:
TITAN: 16.8000 +3.45%
ALPHA BANK: 1,2740 +3,07%
AEGEAN AIRLINES: 10,4200 +3,58%
VIOHALCO: 4,9100 +2,29%
GEK TERNA: 12.6000 +1.12%
PPC: 9.4700 +3.22%
COCA COLA HBC:24,9700 +0,16%
ELLAKTOR: 1.9340 +3.20%
ELPE: 6.8600 +1.18%
ELVALHALCOR: 1,7200 +3,49%
NATIONAL: 5.3840 +1.58%
EYDAP: 5.6000 +1.82%
EUROBANK: 1.4825 -0.10%
STOCK QUEST: 5.2800 unchanged
LAMDA DEVELOPMENT: 6,1200 +1,66%
MOTOR OIL: 22,1000 +3,08%
JUMBO: 25,3200 +1,28%
MYTILINEOS: 34.2400 +2.15%
PPA:20.7500 +0.48%
OPAP: 15.2800 +0.86%
OTE: 13.2500 -1.27%
AUTOHELLAS: 12.6600 +0.80%
PIRAEUS: 2.8400 +1.57%
SARANTIS: 7.7000 +1.05%
TERNA ENERGY: 14.2700 +2.37%.
SOURCE: APE-ME
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What factors are contributing to the recent surge in the Athens Stock Exchange?
Table of Contents
Athens Stock Exchange Soars: Greek Stocks Continue Upward Trajectory
The Greek stock market is on a roll, with the Athens Stock Exchange (ASE) closing above 1,170 points for the second consecutive day. The General Price Index rose by 1.55% to 1,175.78 points, driven by strong performances from high-capitalization stocks. This marks a significant gain following yesterday’s explosive rise, as investors continue to show confidence in the Greek economy.
High-Cap Stocks Lead the Charge
Shares of Aegean, Elvalhalcor, Titan, and PPC were among the top performers, with Aegean recording the largest increase of 3.58%. Elvalhalcor, Titan, and PPC followed closely, with gains of 3.49%, 3.45%, and 3.22%, respectively. Other high-capitalization stocks, such as Ellaktor, Motor Oil, and Alpha Bank, also saw significant increases, with gains ranging from 3.07% to 3.20%.
Sector Performance
The Utilities and Oil indices were the biggest winners, rising by 2.87% and 2.64%, respectively. Conversely, the Telecommunications index was the only sector to record losses, dropping by 1.27%. The large-cap index rose by 1.36%, while the mid-cap index gained 1.39%.
Transaction Volume and Value
The value of transactions totaled €101.51 million, with 24,874,227 shares traded. Eurobank and Alpha Bank led the way in terms of transaction volume, with 6,766,000 and 6,474,118 shares traded, respectively. Mytilineos recorded the highest transaction value, with €14.29 million, followed by National with €10.37 million.
Winners and Losers
Of the 119 stocks traded, 73 saw gains, 25 fell, and 21 remained stable. Plastics of Crete led the gainers, with a 6.85% increase, followed by ELBE, which rose by 4.76%. On the other hand, Sato and Leventeris suffered the largest losses, dropping by 9.86% and 9.60%, respectively.
Large-Cap Stocks Close
The large-cap stocks closed as follows:
Titan: €16.80 (+3.45%)
Alpha Bank: €1.2740 (+3.07%)
Aegean Airlines: €10.4200 (+3.58%)
Viohalco: €4.9100 (+2.29%)
GEK Terna: €12.6000 (+1.12%)
PPC: €9.4700 (+3.22%)
Coca Cola HBC: €24.9700 (+0.16%)
Ellaktor: €1.90 (+3.20%)
The continued upward trend in the Athens Stock Exchange is a positive sign for the Greek economy, reflecting investor confidence in the country’s growth prospects. As the market continues to rise, it will be interesting to see which stocks will lead the charge and which sectors will emerge as winners.
Optimized Keywords: Athens Stock Exchange, Greek stocks, stock market, General Price Index, high-capitalization stocks, Aegean, Elvalhalcor, Titan, PPC, Ellaktor, Motor Oil, Alpha Bank, Utilities, Oil, Telecommunications, transaction volume, transaction value.
– What factors are contributing to the recent surge in the Athens Stock Exchange?
Athens Stock Exchange Soars: Greek Stocks Continue Upward Trajectory
The Athens Stock Exchange has been on a roll, with the General Price Index closing above 1,170 units, marking a significant rise. The upward trajectory is a welcome respite for investors, with some share prices registering impressive gains. In this article, we’ll delve into the factors contributing to this surge and explore the top performers in the Greek stock market.
Market Performance
The General Price Index closed at 1,175.78 points, representing a 1.55% increase. Intra-sessionally, the index recorded a higher price at 1,178.96 units, a 1.82% gain. The value of transactions amounted to 101.51 million euros, with 24,874,227 shares traded. The large-cap index rose 1.36%, while the mid-cap index gained 1.39%.
Top Performing Stocks
Several high-capitalization stocks outperformed, with Aegean, Elvalhalcor, Titan, and PPC leading the charge. The largest increase was recorded by Aegean (+3.58%), followed closely by Elvalhalcor (+3.49%), Titan (+3.45%), and PPC (+3.22%). Other notable performers included Ellaktor (+3.20%), Motor Oil (+3.08%), and Alpha Bank (+3.07%).
Sector Performance
The Utilities and Oil indices were the top performers, rising 2.87% and 2.64%, respectively. Conversely, the Telecommunications index was the only sector to record losses, declining 1.27%.
Volume and Value
Eurobank and Alpha Bank had the largest volume of transactions, with 6,766,000 and 6,474,118 shares traded, respectively. Mytilineos and National recorded the highest transaction value, with 14.29 million euros and 10.37 million euros, respectively.
Gainers and Losers
73 stocks moved up, 25 fell, and 21 remained stable. Plastics of Crete (+6.85%) and ELBE (+4.76%) were the top gainers, while Sato (-9.86%) and Leventeris (p) (-9.60%) were the biggest losers.
What’s Driving the Surge?
Several factors are contributing to the recent surge in the Athens Stock Exchange:
- Improving Economic Conditions: Greece’s economy has been showing signs of recovery, with GDP growth expected to continue in 2023. This has boosted investor confidence and led to increased trading activity.
- Central Bank Support: The European Central Bank’s (ECB) accommodative monetary policy has provided a supportive environment for European stocks, including those in Greece.
- Government Reforms: The Greek government’s reform efforts, aimed at improving the business environment and attracting foreign investment, have been well-received by investors.
- Increased Liquidity: The entry of new investors, including foreign investors, has increased liquidity in the market, contributing to the upward trend.
Conclusion
The Athens Stock Exchange’s recent surge is a positive sign for the Greek economy and investors. While there may be volatility in the short term, the underlying factors driving the market’s performance are likely to continue supporting the upward trend. As the market continues to evolve, it will be interesting to see how Greek stocks perform in the coming months.
Sources
* APE-ME
Keywords: Athens Stock Exchange, Greek stocks, market performance, top performing stocks, sector performance, volume and value, gainers and losers, economic conditions, central bank support, government reforms, increased liquidity.
