¢ 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.
¢ 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/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.
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.
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.
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.
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.
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.