Το χρηματιστηριακό σημειωματάριο του μικρομέτοχου – Δευτέρα 6 Ιουλίου 2020

Traders at the Greek stock market cashed in the gains made over the previous three days, in a session with particularly low turnover, partly due to the fact of National Holiday in the US. Concerns are  growing globally about the increase in the number of coronavirus incidents, with local lockdowns being reintroduced. 

In this framework, the Athens Exchange (ATHEX) general index ended at 658.55 points, shedding 0.52% from Thursday’s 662 points. On a weekly basis it advanced 2.59%. The large-cap FTSE 25 index contracted 0.49% to 1,595.31 points and the banks index shrank 1.38%. Mid Cap Index FTSEM decelerated by 0.47% to 858.27 points.  On the day the works at Elliniko were formally launched, contractor Lamda Development saw its stock slide 2.56%. Alpha fell 2.28%, while Motor Oil expanded 2.70% and Athens Water (EYDAP) increased 2.61%. 

In total 47 stocks posted gains, 50 took losses and 21 firmed put. Turnover was the lowest in almost two months, amounting to €30.1mn, down from Thursday’s €45.9mn. YTD avg stands at €73.7mn

Consolidation around current levels the most likely scenario for today. Low liquidity will prevail again as summer holiday mood gradually kicks in. New record high for NASDAQ and positive macro for US economy will weigh in sentiment.


 In the Spotlight 

Greece/Economy: Prime Minister Mitsotakis announced last Friday an additional set of relief measures worth €3.5bn to support businesses that have been hit by the coronavirus outbreak. The government’s initiatives to mitigate the impact from the pandemic have reached €17.5bn so far. In a speech to parliament, Mitsotakis said the impact on growth in the second and third quarter will be “dramatic.” The €3.5bn support program calls for a reduction of the corporate tax deposits next year for businesses that saw their turnover falling 35% in the first semester compared to the year ago period, the launch of a third round of repayable tax advances. The government will also subsidize social security contributions to affected by the pandemic businesses until October. 

Greece/Banking Sector: Greece’s weighted average interest rate on new deposits remained unchanged in May while the corresponding rate on loans increased, Bank of Greece said. The spread between loan and deposit rates stood 4.10% from 3.92% in the previous month. The overall weighted average interest rate on all new deposits stood at 0.13%, unchanged.

  • In specific, the average interest rate on deposits placed by households with an agreed maturity of up to one year was 0.28%, flat m-o-m. The overall weighted average interest rate on all new loans to households and non-financial corporations stood at 4.23%, up 18 basis points m-o-m.
  • The average interest rate on consumer loans with a defined maturity at a floating rate increased 86 basis points to 11.82%. The average interest rate on housing loans at a floating rate increased 34 basis points to 2.66%. 

ALPHA BANK: 6 non-binding bids for project GALAXY (€10bn) and CEPAL were submitted by Pimco, Cerved, Apollo, Centerbridge, Cerberus και Bain Capital. 

MYTILINEOS: On July 2, the company bought 45,000 own shares at €7.5088/share and a total consideration of €337.9K. The amount of shares owned by the firm is 935,025 shares or 0.6544% of the outstanding. 

GEKTERNA: As of today the 500,000 common bearer bonds of the company start trading on the Fixed Income Securities Trading Segment of the Regulated Market of ATHEX, following the issue of a Common Corporate Bond Loan, non-convertible to shares, with issue date 03/07/2020, 7-years duration, par value & issue price €1,000.00 per bond, fixed annual interest rate of 2.75%. 

TERNA ENERGY: On July 2, the company bought 9,285 own shares at €9.8197/share and a total consideration of €91.2K. 

THRACE PLASTICS: On July 2, the company bought 4,000 own shares at €1,9549/share and a total consideration of €7.8K. 

ALPHA ASSET MANAGEMENT: As of today the 41,215 new units of the ETF “ALPHA ETF FTSE Athex Large Cap EQUITY UCITS” resulting from the recent capital return through re-investment with the issue of new units, start trading on the ATHEX. On July 6, 2020, the total number of the ETF’s listed units amounts to 853,597 units. 

TRASTOR REIC: As of today, the 41,350,798 new (CR) shares of the company are admitted to trading on the ATHEX following the recent share capital increase through a rights issue. On July 6, 2020, the total number of the company’s listed shares amounts to 150,520,505 (CR) shares. 

THESSALONIKI PORT: The company trades ex FY’19 gross dividend €1.17/share (net €1.115/share) as of today. 

BRIQ PROPERTIES: The company bought 3,200 own shares at €1.675/share on July 2 for a total consideration of €5.36K. 

EPSILON NET: Public offer of 2,224,560 new shares for Public offer to ASE Main Market (from E.NA) to run from July 8 to July 10. 

HELLENIC EXCHANGES: The company will announce H1’20 financial results on July 27 after market close. 

SARANTIS: CEO Mr K.Sarantis bought from June 30 to July 1 217,173 shares at €8.13/share. 

ADMIE HOLDING: The company will announce Q1’20 financial results on Monday July 6 after market close.

 

 Kind Regards, 

Manos Chatzidakis

Head of research 

29 Alexandras Avenue

11473 Athens,Greece

Tel: +30 210 6478755/754

Fax:+30 210 6410139

Email: [email protected]

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