Market Comment
Busy Wednesday: A particularly strong session in terms of market turnover took place yesterday – the best in the last six weeks- while main index hit another new 16-year high. However, the session was mixed with banks making the most of day’s activity while on the flip side refineries came under pressure.
Alpha Bank’s share accounted for 49.2% of the total gross trading value, as approximately 4.8% of the Bank’s share capital changed hands on the Athens Stock Exchange through block trades. It should be noted that the bulk of these block trades was executed at prices between €3.3910 and €3.3920 per share (a discount of 9.5% compared to the preceding closing price), while a smaller portion was traded at higher price levels.
General index closed at 2,163.88 points, adding 0.44% to Monday’s 2,154.40 points. The large-cap FTSE-25 index expanded 0.47%, ending at 5,467.13 points. The banks index advanced 1.23%, thanks to Piraeus jumping 2.45%, Bank of Cyprus rising 1.67%, Alpha and Eurobank earning 1.12% and National climbing 1.02%, while Optima Bank parted with 1.55%. ElvalHalcor grabbed 3.57%, just as Motor Oil fell 2.64% and Helleniq Energy eased 2.27%. In total 62 stocks boasted gains, 45 posted losses and 19 remained unchanged. Turnover amounted to €820.2mn, up from Monday’s €215.8mn.
We expect market to consolidate at current levels, banks will set the tone for the day while some selective buying is also expected as investors digest recent developments.
¢ In the Spotlight
OPAP: Reportedly greenlighted the implementation of the agreement with Allwyn, paving the way for the merger of the two companies and the completion of the cross-border conversion. OPAP’s CEO, Jan Karas, described the agreement as a transformative step for both companies. He reminded shareholders that it will create the second-largest listed lottery and gaming operator globally, while stressing that the Company ultimately aims to take the top position. At the same time, he noted that the Athens Stock Exchange will remain the primary market of listing, while the possibility of a secondary listing will also be examined, either in London or New York. The minimum annual dividend of €1 per share will be maintained, in line with OPAP’s existing dividend policy. In addition, shareholders of the combined company will receive a special dividend of €0.80 per share following completion of the transaction. OPAP shareholders who voted against the proposed agreement have the option to exercise their exit right at a price of €19.04 per share, with a one-month period to do so.
In other news on January 5, 2026, Allwyn acquired 110,074 common registered shares of the Company at an average price of €18.7687 per share, for a total consideration of approximately €2,065,945.88. The transaction was executed via the Athens Stock Exchange as well as through private trading platforms operating as Multilateral Trading Facilities (MTFs).
Greece/Inflation: Inflation in Greece edged up to 2.9% in December from 2.8% in November, according to Eurostat, driven mainly by services (+4.5%) and food (+3.5%), while energy remained negative at -1%. Eurozone inflation eased slightly to 2%, close to the ECB’s target, with core inflation dipping to 2.3%.
PDMA: During the auction of €400mn of 13W T-Bills conducted today, the total bids reached €903mn and the amount finally accepted was €500mn. No additional non-competitive bids will be accepted today. Settlement date is January 9, 2026. Coverage ratio at 2.26x vs 2.36x in the previous similar auction on October 29. Coupon at 1.7% vs 1.72% previously.
AIA: During December 2025, the airport’s passenger traffic amounted to 2.31 million, 8.4% higher than December 2024. Domestic and international passengers surpassed the 2024 levels by 5.5% and 9.6%, respectively. Overall, on an annual basis for 2025, the airport’s passenger traffic reached 34 million, above the 2024 levels by 6.7%. Analytically, domestic and international passengers surpassed the 2024 levels by 2.2% and 8.6%, respectively. Athens International Airport’s number of flights for year 2025 amounted to 283,589, i.e. 5.7% above the 2024 levels. Both domestic and international flights were above the 2024 volumes by 1.3% and 8.7%, respectively.
Metlen: On December 31, 2025 Mr. Mytilenos bought 10K shares int eh company at €44.1/share.
¢ Buybacks
στο Google News και μάθετε πρώτοι όλες τις ειδήσεις
