The market of the Athens Stock Exchange presented a picture of stabilization at the close of today’s session, amidst a mild upward movement of the European markets.
The General Price Index closed at 1,122.75 points, marking a marginal increase of 0.03%.
Intra-sessionally it recorded a lower price at 1,117.51 points (-0.44%) and a higher price at 1,127.27 points (+0.43%).
On a weekly basis, the main stock market index registered a rise of 1.04%, since the beginning of May it has gained 3.47%, while since the beginning of the year it has gained 20.75%.
The value of the transactions amounted to 79.10 million euros, while 24,439,629 shares were traded.
The large-cap index fell 0.11%, while the mid-cap index gained 0.41%.
Of the high capitalization shares, the biggest increase was recorded by the shares of Ellactor (+2.69%), Mytileneos (+2.61%), Autohellas (+1.67%) and Quest Participations (+1. 54%).
On the contrary, the biggest fall was recorded by the shares of Eurobank (-2.66%), ELPE (-2.17%), OPAP (-1.92%) and PPA (-1.86%).
Of the individual indices, the Industrial Products (+2.22%) and Financial Services (+1.56%) and Financial Services (+1.56%) indices recorded the biggest gains, while the Travel (-1.72%) and of Petroleum (-1.45%).
The largest volume of transactions was presented by Kloukinas-Lappas and Alpha Bank, trading 7,248,490 and 4,131,777 shares respectively.
With seven packages of 7.2 million shares, 17.95% of Klukinas – Lappa changed hands, at a price of 1 euro, with a total value of 7.2 million euros.
The highest transaction value was recorded by OTE with 11.15 million euros and Mytileneos with 9.27 million euros.
43 stocks moved up, 42 down and 27 remained stable.
The biggest increase was recorded by the shares: Ellaktor +2.69% and Mytileneos +2.61%.
The biggest drop was recorded by the shares: Mermeren -7.51% Fieratex -5.79%.
The stocks in the large cap index closed as follows:
TITAN: 15.7000 +0.64%
ALPHA BANK: 1,1950 +0,72%
AEGEAN AIRLINES:7,7300 +0,39%
AUTOHELLAS: 13.4200 +1.67%
VIOHALCO: 4,7800 -0,83%
GEK TERNA: 12.1000 unchanged
PPC: 8.2800 +0.24%
COCA COLA HBC:29,3100 +0,72%
ELLAKTOR: 2.1000 +2.69%
ELPE: 7.2100 -2.17%
ELVALHALCOR:1,6840 +0,24%
NATIONAL: 5.1600 -0.27%
EYDAP:6.2900 +0.48%
EUROBANK: 1.3740 -2.66%
STOCK QUEST: 4.9300 +1.54%
LAMDA DEVELOPMENT: 5,5500 -0,89%
MOTOR OIL: 21,6200 -1,19%
JUMBO: 22,7000 +0,44%
MYTILINEOS: 25.9800 +2.61%
PPA: 19.0200 -1.86%
OPAP:15.8300 -1.92%
OTE:13.5300 +0.52%
PIRAEUS: 2.3100 unchanged
SARANTIS: 7.2800 +0.83%
TERNA ENERGY: 19.8000 -0.30%.
SOURCE: APE-ME
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Interview with Financial Analyst Alexia Papadopoulos on Athens Stock Exchange Performance
Interviewer: Welcome, Alexia! Thanks for joining us today to discuss the current state of the Athens Stock Exchange.
Alexia Papadopoulos: Thank you for having me! It’s a pleasure to be here.
Interviewer: Today, we saw the General Price Index close at 1,122.75 points, with a slight increase of 0.03%. What are your thoughts on this stabilization amidst the mild upward movement in European markets?
Alexia Papadopoulos: It’s quite interesting. The slight increase indicates a degree of resilience in the Athens Stock Exchange, especially in a broader European context where markets are showing positive momentum. The fact that the index fluctuated between a low of 1,117.51 and a high of 1,127.27 suggests that investors are actively engaging, potentially looking for bargains or adjusting their portfolios.
Interviewer: Indeed! On a weekly basis, there’s been a rise of 1.04%. How significant is this trend for investors?
Alexia Papadopoulos: A weekly rise of 1.04% is certainly encouraging, especially considering the exchanges have gained 3.47% since May and an impressive 20.75% year-to-date. This sustained growth can bolster investor confidence, implying that the underlying economic fundamentals may be improving. Long-term investors might see this as a signal to stay invested or even increase their positions.
Interviewer: Speaking of investor behavior, today’s session saw a transaction volume of 79.10 million euros. How does this compare to previous sessions?
Alexia Papadopoulos: That volume is reflective of a healthy trading environment. While it may not be record-breaking, it’s consistent with the patterns we’ve seen recently. Increased transaction volume can indicate heightened interest from both retail and institutional investors, which is a positive sign for the market’s liquidity.
Interviewer: Looking at specific stocks, we observed significant movements. Ellactor and Mytileneos showed considerable gains while Eurobank and OPAP faced declines. What does this indicate about sector performance?
Alexia Papadopoulos: The performance of these individual stocks often reflects sector dynamics and investor sentiment about future growth prospects. For instance, the gains in construction and energy sectors, as seen with Ellactor and Mytileneos, indicate confidence in infrastructure and energy projects. Conversely, the declines in Eurobank and some other large caps may suggest concerns over profitability or exposure to risks, especially in the current economic climate.
Interviewer: Thank you, Alexia, for your insights today. Any final thoughts for our investors following the Athens Stock Exchange?
Alexia Papadopoulos: Absolutely! It’s crucial for investors to stay informed about market trends and sector performances. With recent growth, it might be a good time for investors to reassess their strategies while keeping an eye on external economic factors that could influence future movements. Diversification remains key!
Interviewer: Great advice! Thank you once again for your time, Alexia.
Alexia Papadopoulos: Thank you! Always a pleasure to share insights.
T fluctuations. For instance, shares of Ellactor and Mytileneos saw increases of over 2%. What can you tell us about the performance of these stocks?
Alexia Papadopoulos: The performance of Ellactor and Mytileneos is noteworthy. Both companies are involved in sectors that are currently benefiting from favorable conditions, such as infrastructure and energy. As investors seek stronger returns, it’s not surprising to see them gravitating towards stocks with robust fundamentals. Their increases also reflect positive market sentiment and may attract further investment.
Interviewer: On the flip side, we had some significant drops, particularly with Eurobank and ELPE. What factors might explain these declines?
Alexia Papadopoulos: The declines in Eurobank and ELPE could stem from a variety of factors. For Eurobank, potential concerns about the banking sector’s stability or recent regulatory developments may have caused investors to reassess their positions. As for ELPE, fluctuations in commodity prices, particularly oil, can impact its profitability. A decrease in stock value could indicate a response to these market uncertainties or profit-taking by investors.
Interviewer: Thank you, Alexia, for sharing your insights on today’s market performance. Any final thoughts for our viewers?
Alexia Papadopoulos: Absolutely! It’s crucial for investors to stay informed and continuously assess market conditions. The Athens Stock Exchange is showing resilience, and while there may be short-term volatility, the overall trend appears positive. Diversification and a keen eye on both macroeconomic indicators and individual stock performance will be essential for navigating this market landscape.
Interviewer: Thank you once again, Alexia, for your valuable analysis. We appreciate your time today!
Alexia Papadopoulos: Thank you! It was a pleasure to be here.
