Daily report 13-08-2013

Manos Chatzidakis	9:46 π.μ. (Πριν από 47 λεπτά)

         Market Comment

Positive signals continue to attract interest in the local market as investors see improvements in various areas of the economy (GDP contraction, budget surplus, OPAP’s conclusion of sale) and at the same time momentum traders are more active across the board. General Index has a nine straight positive signs, volumes have picked up and spread over most large cap equities.

However prices might be inflated in the short term, most technical indicators are in the overbought territory signalling an imminent correction. We expect profit taking to ease momentum in today’s session with a limited downside.

Market Returns (from July lows and in the last nine sessions)

FTSE-25	Return from Low	Last nine sessions
PPC	33,8%	9,7%
HTO	30,5%	14,5%
NBG	29,2%	21,9%
MIG	28,8%	19,7%
ALPHA BANK	28,8%	17,8%
OPAP	28,3%	16,5%
VIOCHALCO	28,2%	16,6%
ΙΝΤRALOT	26,5%	3,6%
TITAN	26,3%	17,2%
HEL. PETROLEUM	23,1%	11,9%
METKA	23,0%	8,1%
ELLACTOR	21,1%	8,3%
MYTILINEOS	21,0%	13,0%
BANK OF PIRAEUS	20,8%	14,9%
JUMBO	20,5%	13,4%
TERNA ENERGY	20,3%	5,6%
COR.PIPELINES	17,5%	5,1%
FFGROUP	15,3%	6,8%
COCA COLA	15,2%	13,0%
HEL. EXCHANGES	13,8%	7,0%
ATHENS WATER	12,2%	6,6%
EUROBANK PROP.	11,8%	9,4%
MOTOR OIL	11,4%	6,3%
OLP	10,5%	7,7%
FRIGOGLASS	10,3%	10,3%