The Athens Stock Exchange returned to the positive sign after yesterday's fall break for "breathing". THE General Index He thus "slipped" the distance from 2,500 units and 17 years high (November 2009 levels). At the same time, we had a strong increase in trade due to the revision (rebalancing) of FTSE Russell, STOXX and FTSE/A, with turnover exceeding EUR 450 million.
In particular, at Friday's meeting (19/6) the General Index was strengthened by 4.2 units or +0.17% and closed at 2.475.98 units. About 19 units determined the index range, with a low day of 2.466.69 units and a high day of 2.485.37 units. On a weekly basis, the DG won + 2.24%. In fact, it is the second streak uphill five days. Within June it is reinforced by +4.35% and this year's performance is +16.75%.
ElvalHalcor has today had its honour, recording a double-digit ‘jump’ and returning more than EUR 5 to the aftermath of the planned share capital increase of EUR 250 million. The ELHA's move benefited the motherboard, Viohalco, which ran a rally of +9%. Aktor and EYDAP also experienced a strong rise, which was accompanied by a new record, with the first reaching 12 euros and the second picking prices he had seen for 18 years (June 2008). ADMIE continued to strong upwards and expanded its historical high, catching 4.7 euros, with ADMEE that was completed yesterday giving "fuels" to the stock.
It is worth noting that three Real Consulting packages of 3.83 million pieces were passed at the start of the transactions - equivalent to 12,47% of the share capital - and a total value of 20.08 million euros. A package of 15.58m euros and 3.08m pieces changed hands at the price of 5.06 euros per share, while the other two packages of 4.05m euros passed over 6 euros per share. Just before 14:00, he passed a mega package of 22 million pieces to Bally’s Intralot (1.18% of the share capital), which changed hands for 1.15 euros per share (at 25.3 million euros the value of the package).
Investment "cresento" in A.A.
A meeting of high demands and increased mobility took place today on Athens Avenue, which was called upon to balance between geopolitical turbulence, the expiry of derivatives and the barrage of restructuring in international and domestic indicators. At the same time, the climate in the investment community is fueled by the "cresendo" of successful share capital increases, which reshape the business map.
Investment psychology is under pressure from the international "scaker", as the American vice president's decision, J.D. Vance, to postpone his planned trip to Switzerland for critical negotiations with Iran put "ice" on the expectations of an immediate signing of an agreement. This development brought uncertainty to the fore, causing a direct reaction to energy markets, with Brent temporarily being strengthened over the psychological limit of $80 a barrel. In this light, investors are restricting the risk ahead of the weekend.
Domestically, trading activity hit "red", especially in auctions. The expiry of the June derivative contracts also took place in shares and indices, which traditionally causes volatility. The main "table", however, came to closure, where inflows and capital outflows were activated from the six-month and quarterly revisions of FTSE Russell, STOXX and FTSE/X indicators. A. Other:.
The Greek market demonstrates that it has depth, with timing considered ideal for raising capital. Following PPC's recent "success story", IPTO took a series, which completed a highly successful AMC yesterday. The demand was 'exploded' at EUR 3.5 billion for the 250m euros requested (overlay 14 times), with the international book contributing EUR 2.8 billion and locking the final price at EUR 4.05 per share.
These impressive results "open the appetite" for other listed ones. The first to take advantage of the model is ElvalHalcor, who announced the convening of an extraordinary general meeting for 9 July, with a view to approving its own MFF of EUR 250 million. The process will follow the same successful model (book building with the abolition of the right of preference and preferential distribution for existing shareholders), confirming that the Athens Stock Exchange now operates as an effective funding lever.
The "radiography" of the rebalancings and the AMK of IPTO-ElvalHalcor
After the completion of today's transactions, the capital inputs and outflows (flows) resulting from changes in FTSE All World and Stoxx indicators were activated, with official effect from coming Monday, June 22nd. It is recalled that the quarterly revision of FTSE Global Equity indicators did not bring about changes in Greek shares for FTSE Emerging Europe Large Cap and Mid Cap indicators. Following the last review, the FTSE All-World index includes 30 Greek companies. The review of Stoxx indicators resulted in the addition of CrediaBank and the deletion of Greece from the following indicators: STOXX Greece, STOXX Developed and Emerging Markets, STOXX Emerging Markets, STOXX Eastern Europe, STOXX Balkan, STOXX All Europe and STOXX Global Total Market indicators.
At the same time, after today's closure, the rebalancings resulting from the semi-annual revision of the FTSE/C.A. indicators took place, with the changes coming into effect from Monday, June 22. As Eurobank Equities recalls, the six-month review of the FTSE/ATHEX index series led to CrediaBank's addition to the FTSE/ATHEX Large Cap high capitalisation index, replacing Sarantis. In the FTSE/ATHEX Mid Cap mid capitalisation index, Sarantis replaces Profile. In the General Index of the Athens Stock Exchange, the semi-annual review brought three additions, namely Credia Bank, Real Consulting and ONYX, which replace Ilyda, Medical Athens and Unibios.
IPTO of Shareholders announced that, following the strong demand recorded in the tender book process - in EUR 3.5 billion, bids for the market share of EUR 250 million, which entails overcompensation by 14 times - the final disposal price for each new share in AMC was set at EUR 4.05 per share. The final price includes a premium of more than 18% compared to the closing price before the start of the procedure and a discount of just 3% against the announced maximum bid price of 4,17 euros per share. The increase in equity will lead to the issue of EUR 130,9 million in new shares and the drawing of EUR 530 million, financing the full participation of IPTO in the capital injection of EUR 1 billion.
A demand of EUR 2.8 billion reportedly came from international investors and EUR 700 million from Greek investors, while the participants included Atlas Infrastructure, Norges Bank and Covalis, alongside the core commitment (cornerstone) of EUR 70 million from Capital Group. The detailed results of the allocation are expected on 23 June, while the start of the trading of new shares is scheduled for 24 June.
ElvalHalcor, who announced a proposal to increase the share capital of EUR 250 million to finance its business plan for the period 2026-2030, ‘unlocking’ an investment project of EUR 455 million. The raising of funds will be structured as a fully marketed offer of new shares, with an extraordinary general meeting scheduled for July 9 in order to approve the authorisation of the board.
The transaction will take place by abolishing the right of preference, although existing shareholders participating in the combined bid will receive a preferential allocation to maintain their ownership rate, subject to the allocation criteria. Overall, ElvalHalcor's management aims at long-term adjusted pre-tax, interest and depreciation profits (a-EBITDA) of EUR 425-475 million. These figures are compared to the EUR 236-253 million achieved over the last four years.
Today, the 20,368 new shares of Alpha Trust – Andromeda, which resulted from the exercise of the right to reinvest dividends (a profit of 2025 and past uses), were admitted to Euronext Athens by 77 shareholders in total, with a disposal price of EUR 8,35 per share. At the same time, following the increase in the share capital of almost 20m euros, the shares of plastic Crete are negotiable with a new nominal value of 1.71 euros per share, from 0.98 euros previously.
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