Clearly upward, the session that took place on the Greek Stock Exchange, with the main indices of the ASE moving permanently in positive territory, while the close of trading found the General Index at new 200-month highs, with the immediately higher close having been recorded on 18/11/2009 (2528.95 points) and the sectoral Banking index at 128-month highs, with the immediately higher close having been recorded on 16/11/2015 (3073.8 points).
It could be argued that today’s session resembled “general mobilization”, as at the first intraday highs there was no FTSE25 stock that was not posting a positive daily change, something that changed partially later on, while advancing stocks were more than double the declining ones, even if the picture in mid and smaller capitalization was clearly more cautious.
If there was something that concerned market participants, it was the relatively low net transaction value, despite the significant help provided by block trades and even more so the clearly visible retreat of indices and individual stocks from their intraday highs.
Meanwhile, Goldman Sachs raises the bar higher for the Athens Stock Exchange, as in its new report on emerging markets it sets a target price of 2,600 points for the General Index over a twelve-month horizon, from 2,500 points previously.
On the other hand, today the 60,161,600 (common) shares of Attica Stores were admitted to trading on the Main Market and in the “Commerce” sector, with OASIS code “ADPS” (-0.14%) and a share trading start price of €3.20. For the first three trading days, the daily price fluctuation limit for the share will be ±60%.
According to what was noted by Lambros Papakonstantinou, head of Ideal Holdings, “this is the first listing of a company through a share offering (that is, a minority part of its share capital), a fact that may constitute a prelude to similar moves by other companies as well”.
It is recalled that a public offering in Greece, with cash payment and admission to trading on the fixed income securities category of the Regulated Market of Euronext Athens of its bonds, was carried out by "Seanergy Maritime Holdings Corp." with the issuance of a five-year bond loan. The issuance of up to 100000 dematerialized, registered, common bonds is envisaged, with a nominal value of €1,000 each and a total amount of up to €100 million. In the event of partial coverage in an amount less than €75 million, the issue will be cancelled. The public offering starts on Monday, 6 July 2026 and is completed on Wednesday, 8 July 2026.
According to information, “two shipping companies are at the stage of submitting their file for entry to the ASE.”
From that point on and according to what is being heard in brokerage offices, the “barrage” of announcements of share capital increases and bond issues “is forcing companies that had scheduled capital strengthening for later in the year to expedite their moves, as no one knows what the climate will be internationally and in Greece in the autumn”.
Attention is also on the international markets, as concerns about valuations in the artificial intelligence sector and especially semiconductor manufacturers have not been eliminated, and this was evident this morning in the Asian markets (Nikkei -2.33%, Kospi -7.89%).
Meanwhile, without substantial progress toward achieving a permanent peace agreement, the indirect talks between Iran and the United States were concluded in Doha. The next meeting will take place after 9 July.
Returning to the ASE, discussions and estimates continue regarding the expected bank results for the first half, which are expected to be satisfactory and may bring new reports, with upgraded target prices for the sector.
According to the financial calendars of the heavyweight banks and if there are no last-minute changes, on 29/7 PIRAEUS announces first-half results, on 30/7 NBG, EUROB and OPTIMA, on 31/7 ALPHA, on 4/8 BOCHGR (also announcing payment of an interim dividend) and on 6/8 CREDIA.
Meanwhile, according to the list of the Hellenic Capital Market Commission and regarding net short positions exceeding 0.5%:
Arrowstreet Capital Limited Partnership remains with a net short position of 0.50525% in the QLCO share, JP Morgan Asset Management (UK) Ltd with a net short position of 0.80012% in the MTLN share, AKO Capital LLP with a net short position of 1.31857% in the MTLN share and Qube Research & Technologies Limited, with a net short position of 0.74346% in the BYLOT share
As of 30/6, Qube Research & Technologies Limited increased its net short position to 0.71317%, from 0.63356% in the ADMIE stock, while as of 1/7 Marshall Wace LLP reduced its net short position to 0.69377%, from 0.71013% in the MTLN share.
With positive signs the main European markets, with the “advantage” of Europe’s lower exposure to technology stocks, the new de-escalation in oil prices and the fewer-than-expected new jobs created by the American economy in June..
DAX, EuroStoxx 50, EuroStoxx 600 are candidates to close at new all-time highs.
With mixed trends the yields in the bond market, with a relative decline for near maturities. The yield on the US 2-year note falls to 4.11%, to 4.46% for the corresponding 10-year, (the 30-year yield at 4.98%). The yield on the Greek 10-year note rises to 3.602%.
The General Index moved permanently in positive territory, recording a day high at 2517.63 points (+1.46%). At 17:00 it stood at 2512.39 (+1.25%) and completed trading at 2505.37 points, with daily gains of 0.97%.
Turnover at 301.9 million, of which 68.9 million concerns pre-agreed transactions (ADPS, CENER, OTE, PPC, PIRAEUS, SAR, ALPHA, ADMIE, VIO, GEKTERNA, ELPE, OLP, LAMDA), with OTE, GEKTERNA and PPC accounting for 34% of the total gross transaction value.
Of the total turnover of 301.9 million, 276.8 million concerns transactions in FTSE 25 shares.