Athens Stock Exchange: Selective liquidations, weekly and monthly gains not threatened

Selective liquidation remains successful spot for the 2nd time successful a enactment for Athens Airways, pursuing yesterday’s moves to easiness disconnected caller multi-year records. Uncertainty successful planetary markets is astatine an all-time precocious owed to the judicial “back and forth” implicit US tariffs, which were temporarily enactment successful spot aft their archetypal cancellation. However, the existent representation does not endanger the beardown gains successful May – 7th consecutive period of gains – with the “myth” of merchantability successful May and spell distant being debunked this year.

Specifically, successful Friday’s (30/5) session, the General Index is down -0.35% and trading astatine 1,852.70 points, moving successful a scope of astir 7 points, specifically betwixt 1,851.10 (low of the day) and 1,858.15 (high of the day). The GD is returning to play gains, arsenic it needs to retreat much than -3.05% oregon beneath 1,802.34 points (May 23 close) to suffer the affirmative sign.

The HA is “running” astatine a +9.48% gait successful May, with today’s league remaining to implicit the month. At +26.5%, the instrumentality this year. It should beryllium noted that connected Thursday, it succumbed to profit-taking pressures successful the aftermath of the preceding three-day rally that had taken the GC adjacent to 1,900 points and a 15-year precocious (April 2010).

Trading worth is expected to scope precocious levels successful today’s auctions arsenic organization portfolios volition marque structural moves arsenic portion of the quarterly rebalancing of MSCI indices that was completed a fewer days ago, with PPA being included successful the Small Cap. It is recalled that determination were nary changes to the MSCI Greece Standard halfway index.

Scope Ratings volition people its study connected Greek indebtedness tonight, attracting the attraction of the home concern community. The German location volition determine whether it excessively volition upgrade the Greek system aboriginal this year, pursuing Moody’s, Standard and Poor’s, and Fitch, oregon whether it volition support the standing unchanged astatine “BBB” with a unchangeable outlook.