Beta Sec: Daily Report 31 ΔΕΚ 2021 (Market monitor, Market Comment, In the Spotlight)

¢    Market Comment

A fairly narrow session at the ASE on Thursday had rising stocks edge out by the end of the session, falling ones moving by the narrowest of margins, while the benchmark sustained losses, mostly to account of the drop of most bank stocks.

The Athens Exchange (ATHEX) general index closed at 890.76 points, shedding 0.32% from Wednesday’s 893.61 points. The large-cap FTSE-25 index contracted 0.31%, ending at 2,142.11 points. FTSE Mid Cap contracted 0.26% to end at 1,487.74. The banks index conceded 0.57%, as National gave up 1.57%, Piraeus eased 1.23% and Eurobank parted with 0.56%, while Alpha collected 0.47%.

In total 56 stocks secured gains, 48 registered losses and 57 remained unchanged. Turnover amounted to just €33.77mn, down from Wednesday’s €36.8mn.

Affected by the tightening of government restrictions and the soaring of the Omicron variant across Greece coupled with potential last day window dressing and holiday season low volumes, we expect the index to hover around current levels and consolidate further, all waiting for the first trading session of 2022 next Monday.


  • From all the Beta Securities team we wish you:
  • A HAPPY HEALTHY PROSPEROUS 2022. HAPPY NEW YEAR EVERYONE.

¢    In the Spotlight 

Greece/PDMA: Greece is planning to issue new bonds worth €12bn next year, according to a plan the Public Debt Management Agency (PDMA) has presented to investors. With funding needs adding up to €24.6bn in 2022, the remainder will be covered through the reduction of cash reserves by €6.6bn, European resources of €1.3bn, privatization revenues of €700mn, and the return of SMP/ANFA earnings of €1.3bn.

  • Greece’s gross funding needs will not exceed 20% of its gross domestic product in 2021, close to the eurozone average rate of 16.5%, and will drop below 15% in the coming years. The PDMA pointed out that the cash reserves currently amount to €32bn, sufficing to cover the needs of more than three years. Treasury bills are currently estimated at €11.8bn and are expected to shrink further in the course of 2022.

Greece/Retail Sales: Retail sales growth remained solid in October, with the turnover rising 13% and volumes 10% y-o-y, National Statistics Service of ELSTAT said. In September, the respective rises were slightly revised to +12.5% and 9.6%, respectively. On a monthly basis in October, retail sales were up 4.6% and 4.4% in turnover and volume terms respectively. On a seasonally-adjusted basis, retail sales were up 3.2% and 2.8% m-o-m in turnover and volume terms.

  • Greece/PPI: Greece’s producer price index (PPI) in industry continued its ascent in November, rising 24.5% y-o-y compared with a 23.5% increase in the previous month, the National Statistics Service of ELSTAT said. On a monthly basis, PPI firmed 1.1%. In November 2020, the respective annual change of PPI was -9.0%. PPI in the non-domestic market rose 32.4% while the index in the domestic market advanced 22.2%.

ALPHA TRUST MFMC: The company decided on the distribution of a FY:21 gross interim dividend of €0.4836/share (€1.5mn) from past years’ profits. On December 29, the company bought 25 shares at €5/share for a total consideration of €126. Total treasury stands at 121,530 shares or 3.92% of share capital at an avg cost/share of €2.84.

  • ATTICA BANK: Following the successful completion of the recent €240mn SCI, HFSF controls a 62.93% stake in the bank (from 68.24% previously), TMEDE 14.75 (unchanged) and Ellington Group) 9.87%.

MOH: On December 29, the company bought 1,630 shares at €13.6323/share for a total consideration of €22.221K. Total treasury at 563,588 shares or 0.51% of share capital at €12.62/share average acquisition cost.

  • LAMDA DEVELOPMENT: On December 29, the company bought 27,795 shares at €7.01/share for a total consideration of €194.846K. Total treasury at 443,292 shares or 0.251% of share capital.

HELLENIC EXCHANGES: On December 29, the company bought 7,334 shares at €3.7131/share for a total consideration of €27.382K. Total treasury at 215,957 shares or 0.3579% of share capital.

  • THRACE PLASTICS: On December 30, the company bought 2,000 shares at €6.8010/share for a total consideration of €13.602K.

SPACE HELLAS: On December 30, the company bought 581 shares at €9.45332/share for a total consideration €5.492K Total treasury at 75,646 shares or 1.17162% of share capital.

  • INFORM LYKOS: Over the period December 23 to December 29, the company bought 2,516shares at €1.466/share for a total consideration of €3.688K. Total treasury reached 161,609 shares or 0.79% of share capital.

ALPHA TRUST ANDROMEDA: On December 29, the company bought 28 shares at €7.65/share for a total consideration of €215. Total treasury at 32,216 shares or 2.01% of share capital with an avg price of €5.93/share.

  • CNL CAPITAL: On December 29, the company bought 645 shares at €8.94/share for a total consideration of €5.768K. total treasury at 35,447 shares or 4.51% of share capital.
  • IDEAL HOLDINGS: As of today, the name of the company “IDEAL GROUP S.A on ATHEX changes to “IDEAL HOLDINGS S.A.”, with new distinctive title “IDEAL HOLDINGS S.A.”.