The first session of April and the second quarter of trading on Athens Avenue did not make a good impression, as investors returned to trade after a few days break due to Catholic Easter and continued with massive liquidations.
It should be noted that the general index of the Greek stock market started today's trade with a slight gain, but very quickly turned into a negative sign, with a “long” fight to the end, 1,400 units not to break. This was ultimately not achieved.
SIGNS OF FATIGUE – A moderate liquidation is characterized by analysts as reasonable, considering that the Greek stock market continues to touch its recent 13-year high, and it remains to be seen whether buyers will take control of the market again in this correction. Low ratings are seen as an opportunity.
According to a seasoned analyst, “The market will continue to move at the pace of deals, with the IT sector leading the way, while there is great movement in energy, while projects funded by the Recovery Fund are running to meet deadlines, creating creative excitement at the commercial and financial levels.
On the other hand, after Bloomberg's release, the market has to manage the serious possibility that the management of the banks will distribute little or no dividends and, accordingly, the returns to the shareholders will be less demanded by the banks”.
With an “outperform” recommendation and a target price of 10.4 euros, National Stock Exchange Optima Bank shares. He expects the bank's strong growth trajectory to continue, with average annual growth in loans and deposits of 17% and average annual revenue growth of 11% through 2026.
Returning to today's session, it is worth noting the high trading activity, but also the withdrawal of buyers in most mid- and small-cap bonds, a phenomenon particularly known in AH, during the first downturn in the climate.
During today's session the general index moved between 1,423.72 (+0.10%) and 1,391.13 units (-2.19%) to close at 1,393.84 units with 2% daily losses, while the turnover was 121 million, of which 14. million were “packages”.
Jumbo (+0.15%), OTE (+1.02%) and Terna Energy (+0.50%) ended with positive change among large cap stocks.
Conversely, Alpha Bank (-3.07%), Piraeus (-2.79%), Aegean Airlines (-4.31%), Viohalco (-4.17%), GEKTERNA (-2.25%), PPC (-2.75%), Ellaktor (-5.70 ) %), ELHA (-3.67%), EYDAP (-3.02%), Coca Cola (-3.3 %), Quest (-2.04%), Lamda Development (-2.07%), Mytilineos (-3.36%) and OPAP ( – 2.22%).
In lower capitalization, among others, KAIROMEZZ (+5.53%), Lampsa (+2.50%), GMEZZ (+2.04%) and XYLK (+1.59%) were positive.
After the increase and decrease of share capital since today, “Intercontinental International A.E.A.P.” Negotiable in AA. A new nominal share value of €2.40 and a cash payment to the company's shareholders without the right to participate in capital gains of €1.98 per share. Adjusted starting price: €4.4800.
As of today, shares of Interwood ( KO ) and ( PO ) are A.A. A.M.A. without the right to participate. By paying in favor of old shareholders: a) 11,595,970 new (KO) shares, at a ratio of 0.33144193334387 new (KO) shares for every 1 old (KO) share, at a share sale price of €0.27 and b) 850,764 new (PO) shares, for every 1 old (KO) share. (PO) share to the ratio of 0.33144462677008 new (PO) share, at a share sale price of €0.27. The period for exercise of early right is from 5/4/2024 to 18/4/2024 and the trading period for right is set at AA. Set from 4/5/2024 to 4/15/2024.
For today's session only, the volatility limits of (KO) and (PO) stock prices are set as follows: a) For (KO) stock: +30% to the closing price of the stock in the last AX session. (28/3/2024): €0.3290 and -30% increase resulting in adjusted price: €0.3140 and b) (PO) for the share: +30% for the closing price of the share of the last session A.A. (28/3/2024): €0.3600 and adjusted price as a result of -30% increase: €0.3380.
