Beta Sec – Daily report 10 -10-2023- Market Monitor- In the Spotlight-

Market Comment

AthEx drop accelerated yesterday on the back of elevetad regional geopolitics concerns. Main index ended to a new five-month low and even closer to the 1,100-point level on Monday. The day’s increased turnover was up to an extent due to Eurobank buying back its own shares from the Hellenic Financial Stability Fund.

  • General index closed at 1,111.29 points, shedding 2.26% from Friday’s 1,136.93 points. The large-cap FTSE-25 index contracted 2.04% to end at 2,707.03 points. The banks index lost 2.67%, as Alpha dropped 3.81%, Piraeus gave up 2.55%, Eurobank fell 2.47% and National parted with 1.96%.

Cenergy Holdings slumped 6.34%, Viohalco sank 5.44%, Aegean Airlines conceded 4.70% and Ellaktor was 4.30% lower, while Sarantis advanced 0.41%. In total seven stocks enjoyed gains, 98 took losses and 11 remained unchanged. Turnover amounted to €204.1m, up from last Friday’s €83.6m.

A technical relief is in the cards today; oversold may trigger some interest, positive start in major Exchanges point to a bounce in today’s session. 

¢    In the Spotlight 

Greece/AIA traffic stats: Passenger traffic at Athens International Airport took off in September, with the number of passengers traveling exceeding 3 million, AIA said in a report. Passengers totaled 3,006,870 in September, up 16.3% from the same period in 2022 and up 11.8% from the corresponding month in 2019.

Domestic and international traffic exceeded 2022 levels by 14.6% and 17.2%, respectively, while compared with September 2019, domestic and international traffic was up 16.3% and 9.9%, respectively. Domestic passenger traffic came to 943,924, while international traffic totaled 2,063,746. In the January-September period, passenger traffic amounted to 21.68 million, up 25.7% from the same period last year and up 8.6% from 2019.

Domestic and international passenger traffic was up 20.3% and 28.3% compared with 2022 and up 11.3% and 7.3% from 2019. These figures justify a forecast that 2023 will be a record year for the country’s biggest airport, with passenger traffic expected to surpass 26 million. The number of flights totaled 186,174 in January-September, up 12.9% from 2022 and up 5.1% from 2019. 

Alpha Bank: As of today, the 2,789,104 new (CR) shares of the company start trading on the ATHEX following the recent share capital increase due to the Stock Option Plan, exercised by 50 executives of the company, at issue prices of €0.29 & €0.30 per share. On October 10, 2023, the total number of the company’s listed shares amounts to 2,351,697,671 (CR) shares.

Eurobank: Eurobank repurchased yesterday through an ASE block of trade a 1.4% stake in itself from state-controlled bank bailout fund HFSF to end the state’s participation in its share capital. Greece’s largest lender by market capitalization was one of four systemic banks the government took stakes in during Greece’s economic crisis and is the first to end HFSF’s involvement. It offered 1.8 euros per share, or €93.7 million (52.08mn shares), and said it intends to cancel the shares. Senior banking officials have told Reuters that the government next plans to sell a 20% stake in National Bank of Greece, the country’s second largest.

HELLENIQ ENERGY: HelleniQ Energy CEO Andreas Shiamishis on Monday estimated that decisions regarding possible test drilling in Greek sites where analysts believe natural gas deposits are located will be forthcoming in six to 12 months. Shiamishis spoke at a conference on industry organized in Athens by the Hellenic Employers’ Federation (SEV), on the issue of the ongoing energy crisis. Among others, he noted that the results of seismic research by HelleniQ and its partners are now being processed.

Quest Holdings: In a filling to ASE, responding to HCMC related enquiry, company confirmed that it is participating in the procedures regarding the sale of Curry’s retail subsidiary in Greece Kotsovolos and intends to submit a binding final offer regarding the acquisition of the retail chain.

Intralot: As of today, the shares of the company are traded on the ATHEX ex-rights in terms of 0.626812359123923 new (CR) share for every 1 old (CR) share held – with issue of 232,758,621 new CR shares – at an issue price of €0.58 per share. The rights’ trading period is set from October 13, 2023, to October 23, 2023 (included). The rights’ subscription period is set from October 13, 2023, to October 26, 2023 (included).

  • It is clarified that the fluctuation price limits of the share price only for the trading session on October 10, 2023, are set as follows: +10% at the closing share price of the ATHEX last trading session (09/10/2023): €0.6150 and -10% at the adjusted start share price: €0.6000.

SARANTIS: On October 6, CEO and major shareholder Mr. K. Sarantis bought 4K shares at €7.27/share.

OTE: Q3/9M:23 results out on November 9 before market opening. CC Details:

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§  USA: +1 516 447 5632

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