Intralot

The Greek stock market continued to be “trapped” in a selling mood for the fourth consecutive day, with shares retreating significantly from the 1,420-point level and losing the support of 1,415 points. The share placements and capital increases by listed companies seem to be weighing on the market, at least in the short term.

– Greetings! Just when we were almost done with the PASOK crowd and thought we’d be bored with the government’s dull antics, bam, the SYRIZA people pop up to give us life and fodder for instant commentary. Kasselakis exploded in fury because, as EfSyn (a newspaper aligned with them) reported, some details from his declaration of assets came to light.

The Greek stock market had its best session in a “deep” month today (23/9). After a sluggish start, buyers turned active with banks spearheading the rally, which gained more than +2%. In this way, the X.A. broke out of the “bottleneck” of 1,420-1,430 points, in which it had been “trapped”.

The Greek stock market is in “repression”, as evidenced by the stagnation picture it has shown this week. Traders settled for selective moves and stayed away from the high rhythms of the international markets. Athens did not “seize” the opportunity yesterday, when the major markets moved to record levels, and was left today to tune in to their corrective tendencies.

The Greek stock market experienced a new downturn following a similar movement at the end of the previous week. The initial rise to around 1,440 points was followed by a shift in investor sentiment, with Athens failing to align with the positive mood of European markets. However, the losses did not cause concern as the support level at 1,430 points remained intact.

Once again, the Athens Stock Exchange posted mild gains on low turnover, with buyers driving the market through most of Monday's session.

On Monday (5/8), the General Index plunged by -7.37%, trading at 1,325.49 points, fluctuating between a low of 1,325.03 and a high of 1,428.01 points.

The current scenario reflects one of the most significant daily declines in recent years, comparable to February 24, 2022 (-6.42%) and March 23, 2020 (-7.58%). If the index falls below 1,300 points, it risks wiping out 2024’s gains.

The Greek Horse Racing Organization (ODIE) is putting up for an auction the one-square-kilometer plot at Markopoulo in Attica that hosts the Olympic Equestrian Center and the national racecourse, at a starting price of 30.14 million euros.

«Τέλος χρόνου» για Σωκράτη Κόκκαλη και Intralot: Τι θα αποφασίσουν οι ομολογιούχοι

Rating agency Moody's commented on Monday that the sale by Intralot of a 16.5 percent in lottery company Ellinika Lachia to main stakeholder OPAP is a credit positive for Intralot, and that the price of 20 million euros will go a long way toward improving its liquidity, which to date was seen as "weak," according to the agency.