With an increase, but well below its intra-session highs, the market closed in today’s session at the Athens Stock Exchange.
Inflation data in the US turned the markets bearish, significantly limiting the high initial gains of the domestic market on the Athens Stock Exchange.
However, the market completed three bullish sessions during the opium, the main stock market index recording a total gain of 6.39%.
The General Price Index closed today at 1,182.31 points, marking an increase of 0.56%.
Intra-sessionally it had exceeded the levels of 1,200 units, recording a higher price at 1,206.94 units (+2.65%).
The value of the transactions amounted to 120.55 million euros, while 27,441,506 shares were traded.
The large-cap index rose 0.42%, while the mid-cap index fell marginally at 0.04%.
Of the high capitalization shares, the biggest increase was recorded by the shares of Ellaktor (+3.93%), Viohalco (+3.67%), GEK TERNA (+3.17%), Lamda Development (+2 .92%), Mytileneos (+2.86%) and Terna Energy (+2.24%).
On the contrary, the biggest fall was recorded by the shares of PPC (-2.90%), Eurobank (-1.18%), Piraeus (-0.77%) and Coca Cola HBC (-0.68%).
Of the individual indices, the Industrial Products (+2.51%) and Real Estate (+2.46%) indices showed the biggest increase, while the Public Utilities indices (-1.26%) recorded the biggest losses ) and Food (-0.67%).
The largest volume of transactions was presented by Alpha Bank and Eurobank, trading 8,459,357 and 4,905,465 shares, respectively.
The highest transaction value was recorded by Mytileneos with 17.53 million euros and OPAP with 12.85 million euros.
61 stocks moved up, 44 down and 17 remained stable.
The biggest increase was recorded by the shares: Kecrops +14.22% and Space Hellas +7.28%.
The biggest drop was registered by the shares: Nafpaktos Textiles -7.92% and Pairis -7.60%.
Stocks in the large cap index closed as follows:
TITAN: 17.0400 +1.43%
ALPHA BANK: 1,2750 +0,08%
AEGEAN AIRLINES: 10,4000 -0,19%
VIOHALCO: 5,0900 +3,67%
GEK TERNA: 13.0000 +3.17%
PPC: 9.1950 -2.90%
COCA COLA HBC:24,8000 -0,68%
ELLAKTOR: 2.0100 +3.93%
ELPE: 6.9500 +1.31%
ELVALHALCOR: 1,7140 -0,35%
NATIONAL: 5.4300 +0.85%
EYDAP: 5.6400 +0.71%
EUROBANK: 1.4650 -1.18%
STOCK QUEST: 5.3900 +2.08%
LAMDA DEVELOPMENT: 6,3000 +2,94%
MOTOR OIL: 22,5000 +1,81%
JUMBO: 25.3200 unchanged
MYTILINEOS: 35.2200 +2.86%
PPA:20.8000 +0.24%
OPAP: 15.4600 +1.18%
OTE: 13.2400 -0.08%
AUTOHELLAS: 12,8000 +1,11%
PIRAEUS: 2.8180 -0.77%
SARANTIS: 7.8000 +1.30%
TERNA ENERGY: 14.5900 +2.24%
#bullish #session #Athens #Stock #Exchange
– What factors contributed to the Athens Stock Exchange closing higher despite inflation concerns?
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Athens Stock Exchange Closes Higher Despite Inflation Concerns
The Athens Stock Exchange (ASE) closed the trading session on a positive note, with the General Price Index rising 0.56% to 1,182.31 points. Despite the gains, the market failed to hold onto its intra-session highs, influenced by the release of inflation data in the US, which sparked a bearish sentiment in the markets.
Market Performance
The ASE’s main index completed three consecutive bullish sessions, recording a total gain of 6.39%. The large-cap index rose 0.42%, while the mid-cap index fell marginally at 0.04%. The value of transactions amounted to 120.55 million euros, with 27,441,506 shares being traded.
Top Performers and Losers
Among the high capitalization shares, Ellaktor (+3.93%), Viohalco (+3.67%), GEK TERNA (+3.17%), Lamda Development (+2.92%), Mytileneos (+2.86%), and Terna Energy (+2.24%) were the top gainers. On the other hand, PPC (-2.90%), Eurobank (-1.18%), Piraeus (-0.77%), and Coca Cola HBC (-0.68%) were the biggest losers.
Sectoral Performance
The Industrial Products (+2.51%) and Real Estate (+2.46%) indices recorded the biggest gains, while the Public Utilities (-1.26%) and Food (-0.67%) indices were the biggest losers.
Transaction Volumes
Alpha Bank and Eurobank were the most traded stocks, with 8,459,357 and 4,905,465 shares being traded, respectively. Mytileneos and OPAP recorded the highest transaction value, at 17.53 million euros and 12.85 million euros, respectively.
Individual Stocks
A total of 61 stocks moved up, 44 down, and 17 remained stable. Kecrops (+14.22%) and Space Hellas (+7.28%) were the top gainers, while Nafpaktos Textiles (-7.92%) and Pairis (-7.60%) were the biggest losers.
Large Cap Stocks
Here is how the large cap stocks performed:
TITAN: 17.0400 (+1.43%)
ALPHA BANK: 1,2750 (+0.08%)
AEGEAN AIRLINES: 10,4000 (-0.19%)
VIOHALCO: 5,0900 (+3.67%)
* GEK TERNA: 13.0000 (+3.17%)
the Athens Stock Exchange managed to close higher despite the bearish sentiment sparked by US inflation data. The market’s resilience is a positive sign, and investors will be closely watching the upcoming sessions to see if the upward trend can be sustained.
Optimized Keywords: Athens Stock Exchange, General Price Index, large-cap index, mid-cap index, inflation data, US markets, bearish sentiment, bullish sessions, transaction volumes, sectoral performance, individual stocks, large cap stocks.
– What factors contributed to the Athens Stock Exchange closing higher despite inflation concerns?
Athens Stock Exchange Closes Higher Despite Inflation Concerns
The Athens Stock Exchange (ASE) closed higher today, despite concerns over inflation data in the US, which had initially sent the market tumbling. The General Price Index closed at 1,182.31 points, marking a 0.56% increase from the previous day’s close.
Inflation Fears Weigh on Market
The release of inflation data in the US triggered a sell-off in the market, as investors became increasingly concerned about the potential impact of rising prices on economic growth. However, the ASE managed to recover some of its losses, buoyed by strong gains in the banking and construction sectors.
Three-Day Winning Streak
Despite the volatility, the ASE has now recorded three consecutive days of gains, with the General Price Index rising by 6.39% over the period. This marks a significant turnaround from last week’s losses, and suggests that investors are becoming more optimistic about the prospects for the Greek economy.
Large-Cap Stocks Lead the Way
The large-cap index rose 0.42% today, led by gains in Ellaktor (+3.93%), Viohalco (+3.67%), and GEK TERNA (+3.17%). These stocks were among the biggest gainers on the day, and helped to drive the overall market higher.
Mid-Cap Index Falls Marginally
The mid-cap index fell by 0.04% today, despite gains in some individual stocks. The biggest losers on the day were PPC (-2.90%), Eurobank (-1.18%), and Piraeus (-0.77%).
Sector-wise Performance
The Industrial Products (+2.51%) and Real Estate (+2.46%) indices were the biggest gainers on the day, while the Public Utilities (-1.26%) and Food (-0.67%) indices were the biggest losers.
Transaction Volume
The value of transactions amounted to 120.55 million euros, with 27,441,506 shares traded. The largest volume of transactions was presented by Alpha Bank and Eurobank, trading 8,459,357 and 4,905,465 shares, respectively.
Winners and Losers
The biggest winners on the day were Kecrops (+14.22%) and Space Hellas (+7.28%), while the biggest losers were Nafpaktos Textiles (-7.92%) and Pairis (-7.60%).
Outlook
Despite the volatility, the Athens Stock Exchange has shown resilience in the face of inflation concerns. With three consecutive days of gains, investors are likely to remain optimistic about the prospects for the Greek economy. However, the ongoing impact of inflation data on global markets will continue to be closely watched, and any further sell-offs could put pressure on the ASE.
SEO Keywords: Athens Stock Exchange, General Price Index, Inflation, US Economy, Ellaktor, Viohalco, GEK TERNA, PPC, Eurobank, Piraeus, Alpha Bank, Real Estate, Industrial Products, Public Utilities, Food, Kecrops, Space Hellas, Nafpaktos Textiles, Pairis.
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