¢ Market Comment
AthEx Continued its rally for fifth consecutive session in a row on Thursday to reach levels unseen in over 15 years. As Middle East tensions faded further into the background sentiment improved in foreign markets and rotating interest in domestic market support optimism despite the upcoming EU/US tariff deadline.
General index closed at 1,882.83 points, the highest point since April 2010, adding 0.62% to Wednesday’s 1,871.22 points. The large-cap FTSE-25 index expanded 0.58%, ending at 4,719.12 points. The banks index improved 0.34%, on Optima rising 2.30%, Eurobank augmenting 2.18% and Bank of Cyprus earning 0.95%, while National gave up 0.86% and Piraeus slipped 0.17%. Cenergy Holdings jumped 5% and Viohalco obtained 2.90%. In total 87 stocks grabbed gains, 22 sustained losses and 13 remained unchanged.
Turnover amounted to 229.1 million euros, up from Wednesday’s €186.2m.
Despite significant short term gains another round of rotation is expected on the back of positive vibes from abroad and supportive corporate news-flow.
¢ In the Spotlight
Metlen: Hellenic Capital Market Commission approved yesterday the prospectus for the voluntary share exchange offer in order the company to proceed to a primary LSE listing. The special purpose vehicle Metlen Plc, proposes to acquire all of the shares of the listed company in exchange for 1 share Metlen Plc for every 1 Metlen share, in order to subsequently list its shares on the LSE. The new entity is aiming to gather at least 90% (i.e. if a lower percentage of 90% is gathered, the public offer is cancelled), in order to trigger a squeeze out. The SPV starts with a “yeast” of 28.01% as Evangelos Mytilineos (21.59%) and Fairfax (6.42%) have declared that accept the public offer. Shareholders who choose to opt out of the exchange, a right of redemption at a price of €39,62 per share is foreseen. The amount corresponds to the weighted average price of the last six months. The tender offer period is from 27/06 to 25/07, with results announcement out on July 29. All things done right the new shares will start trading in LSE on August 4.
Softweb: As of June 27, 2025, the 263,467 new (CR) shares of the company are admitted to trading on the ATHEX, following the recent share capital increase realized through a private placement. On June 27, 2025, the total number of the company’s listed shares amounts to 5,393,467 (CR) shares.
Fourlis: The company trades today ex FY:24 gross dividend €0.15/share, net €0.1425/share.
Profile: The company trades ex FY:24 gross dividend €0.064657/share, net €0.061492/share as of July 1. Dividend record date July 2. Payment July 8.
PPC: A new RES project in Astypalea island consisting of 3.53MW solar parka and an energy storage unit of 14.12MWh (8MW) to be completed and operational by end 2025.
Medicon (correction): FY:24 gross dividend €0.13/share cutoff date July 7. Record date July 8. Payment July 11.
Aegean Air: The carrier bought another 49 of its outstanding bonds at par value for €49.524K and now commands 0.377% of the issue (752 bonds). New €250mn 7 year fixed coupon bond IPo to run betwwen Monday June 30 to July 2.
Dimand: On June 23 Mr. Andriopoulos, CEO and BOD Vice Chairman, bought 2.5k shares for €23.942K (€9.5768/share).
Frigoglass: World On-Premise España, S.L. stake at 11.15% (13,512,973 shares) and Serlusa Refrigerantes stake at 15.33% (18,577,230 shares). Traud stake decreased to 35.6% from 48.43% previously.
Intralot: The betting company announced the extension of its lottery contract in Idaho USA for another 10 years commencing as of September 2027.
Fais Group: €6.5mn (12.2%) of the recent €53.4mn SCI will be used to minorities acquisition, WC financing and Real Estate acquisitions.
¢ Buybacks
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