Investors made a turn on the Greek stock market, leading it to its sixth consecutive rise and a “step” closer to a year high of 1,879.23 points. Immediately afterwards, we find – at the closing level – the 1,936.43 points of 21 April 2010. Sellers held the reins in the domestic market until 15:00, but the scene changed radically thereafter, with rotation in the leading stocks prevailing over the need to lock in profits.

Specifically, in Wednesday’s (11/6) session, the General Index gained 11.51 points or +0.62% to close at 1,867.24 points, very close to the day’s high of 1,867.43 points. The low of the day was found at 1,848.58 points. Over the last 6 days, the GD has gained a cumulative +2.48% and is now just -0.64% away from its one-year (and 15-year) high. At the same time, it is up by +1.97% in June and +27.05% through 2025.

Banks moved at a low tempo, with Ethniki extending its 10-year record (November 2015), further approaching the EUR 11 milestone. In the blue chips, the “climb” of GEK TERNA to the edge of 20 euros for the first time in 25 years (February 2000) stands out, in the wake of the prediction of its head, Mr. George Peristeri, for a doubling of profits in the next three years, in the context of the regular general meeting of shareholders held today. “Jump” of almost +7% was recorded by Hellaktor, while the two ports, PPA and PPA, continued to fly high, extending the historical record and the 17-year high (June 2008), respectively.

At the same time, a large volume of packages passed through the XA board today, giving a significant boost to overall turnover. Five pre-arranged transactions were made in Piraeus Bank, with a total value of EUR 15.97 million. These transactions involved 2.88 million shares changing hands at prices between EUR 5.51 and EUR 5.62. Three blocks of almost 400,000 shares were transferred to the ETE for EUR 10.85 and EUR 10.855 per share, with a total value of EUR 4.33 million. In addition, a package of 1.064 million shares was passed to Intracom Holdings for EUR 3.3 million (EUR 3.1 per share).

Premiere for Ideal’s AMC

Today at 10 a.m., the process for the share capital increase of up to EUR 48.8 million of Ideal Holdings started. The IPO is being carried out by issuing 8 million new shares with an offering price range between EUR 5.8 and 6.1. The public offer will run until 3 p.m. on Friday, 13 June. A total of 2.4 million shares will be made available to existing shareholders, and 5.6 million shares to new investors. The new shares will start trading on the CSE from Wednesday, 18 June.

At the same time, new investors participating in the public offering will be entitled to a capital return of EUR 0.3 per share, which will be distributed on August 1. In fact, with the aforementioned capital return, the total reward to shareholders amounts to EUR 0.98 per share, i.e., EUR 45 million.

Today, the general meeting of GEK TERNA’s shareholders was held in the wake of the completion of the sale of 10% of Attiki Odos, with Latsco Group as buyer, for a total price of EUR 77.2 million. At the same time, Sarantis has scheduled an extraordinary general meeting for today with the cancellation of 3.15 million treasury shares, representing 4.7% of the group’s existing share capital, as the main item on the agenda. Motodynamics will hold its AGM tomorrow, where the distribution of a gross dividend of EUR 0.13 per share for the financial year 2024 is expected to be given the green light.

Minor rise on Wall Street – Mixed signs in Europe

A trade deal between the US and China was discounted by investors on Wall Street, pricing in gains for the S&P 500 for the third consecutive day. As a result, the broader US market index is less than 2% off its all-time high. Today’s session started with a small rise, despite the downward trend in futures, as better-than-expected US inflation data gave a mini boost to the key indices.

European bourses were mixed, absorbing some of the recent gains, with traders awaiting more details on the Sino-US deal. The pan-European Stoxx 600 index is down -0.05% to trade at 552 points. The FTSE 100 in London is up +0.3%, while in contrast the DAX in Frankfurt loses -0.1%. The IBEX 35 in Madrid is lower by -0.7%. Asian markets closed in positive territory, welcoming the preliminary agreement between the US and China, with Washington “stepping back” on tariffs and Beijing on rare earths.