In 'bra de Fer' between buyers and sellers, today's meeting of Athens Exchange, which showed signs of fatigue after continuous excesses in high 17 years (November 2009). Nevertheless, in the end the buyers managed to hold the reins for the fourth day in a row. Investment looks are now directed towards 2,500 units, with 2,400 units operating as a safety cushion.
In particular, at Tuesday's (16/6) General Index was reinforced by 12.69 units or +0.52% and closed at 2.475.32 units. Approximately 27 units determined the index range, with a low day of 2.455.43 units and a high day of 2.482.10 units. The next milestone is located on November 19, 2009 and 2.497.15 units. The DG makes +4.33% profits in June and this year's yield is +16.72%.
A significant boost was also given today by bank shares, with Eurobank standing out. Two-digit "jump" recorded Aktor, which increased speed towards the end of the transactions. Also strong was the rise of IPTO, which closed over 4.3 euros (new historical high), receiving a boost from the ongoing PMC already overcovered, but also from the re-opening of coverage by Piraeus Sec. with a target price of EUR 4.52. At the same time, the administrator's capitalisation now reaches 1 billion euros and becomes the 30th listed entry into the billionaires' club.
Today's caution is considered normal by analysts. The DG comes from an impressive rise which began at the end of April, and is now at technically overmarketed levels. The existence of significant accumulated profits pushes several portfolios to increase their liquidity, moving on to controlled sales. On the other hand, the strong profitability of listed persons, the durable development trajectory of the economy and attractive fundamental sizes function as a "safety net", effectively absorbing the offer of shares.
In the field of technical analysis, short-term variability may be maintained until the landscape surrounding the implementation of the US-Iran Agreement is clear. Analysts point to two critical zones. The 2,400 units are now the direct and strongest support zone for the General Index in case of pressures. On the contrary, 2,500 units constitute the next major goal and bet of the "marketers" to continue the long-term upward movement.
At the heart of the interest the IPTO
IPTO of Shareholders officially announced the start of the fundraising process, aiming to raise up to 530m euros through a combined public offering in Greece and private placement abroad, with the issuance of up to 250m new shares. The maximum selling price is 4,17 euros per share, with the tender period between 16 (10:00 a.m. Greek time) and 18 June (16:00 p.m. Greek time). The final disposal price will be announced either on 18 or 19 June, while the new shares are expected to start trading on 24 June.
The Greek State has committed itself to participate proportionately (pro rata), in order to maintain its share of 51,12% in the holding company after the transaction, as well as to cover any unsecured shares that may be required to ensure net revenues of at least EUR 510 million. Capital Group participates as a core investor (cornerstone investor) with the amount of EUR 70 million.
The tender book for IPTO's AMDC was reportedly covered directly. Existing shareholders participating in the Greek public tender are entitled to a preferential distribution up to the percentage of their proportional participation. The initial allocation (excluding shares in the proportional participation of the Greek public) is set at 15% for the Greek public tender and 85% for the international tender.
Prodea Investments was currently negotiating without the right to collect a dividend of EUR 1,506 per share. Given the distribution of a temporary dividend of EUR 55,18 million following the decision of the Company’s Management Board of 10 December 2025, the remaining dividend to be distributed is EUR 400 million. The dividend will begin to be paid from Monday, June 22nd.
International markets insist on
New rise is currently recorded by Wall Street's main indicators with Dow Jones expanding his historical record, first negotiating over 52,000 points. The investment euphoria was sparked by an agreement to end the war between the US and Iran. The relevant memorandum of cooperation has already been signed electronically, while the official ceremony will be held at the end of the week in Switzerland. The agreement provides for the immediate cessation of military operations and the definitive opening of the Straits of Hormuz, which led oil prices to a free fall.
On a positive note, European markets are also moving, with the investment interest being focused on the details of the Middle East preliminary peace agreement. The European Stoxx 600 is reinforced by +0.4%, while the remaining major indicators of the Old Epirus are negotiated between +0.2% and +0.9%. At branch level, industrial shares jump over +1% and banks follow, while in the opposite direction the biggest pressures are put on the mining industry.
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