July 20, 2024

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We will have a temporary pause in sales by foreign investors in the Greek stock market, trap… The storm is coming…

We will have a temporary pause in sales by foreign investors in the Greek stock market, trap… The storm is coming…

Banknews reports that 950 units will be the new target for the Greek stock market… – There is no historical precedent for a country being upgraded to investment grade and taking up such strong bonds…

We will have temporarily stopped foreign investors from selling the Greek stock market, not because they are worried about the placement of the National Bank or the plans of the Financial Stability Fund, but because they are preparing for the final phase of sales. ..
Classic recipe…
They are pausing because they want to get buyers back into the game to raise prices so they can sell at better prices when the next big wave of sales comes.

What is the cause of the fall?

What is the main reason for the decline in the Greek stock market?
We will mention the instrumental reasons first…

In our opinion, the decline is not due to the offering of 20% of the shares of the National Bank, but rather it will be bought by 10-15 foreign investors who have already found themselves…
Wataniya is not looking for a strategic investor, nor does it need a strategic investor.
Today, October 9, 1.4% of Eurobank shares or 52.030 million shares will be offered at a price of €1.80 or €93.65 million.
Eurobank buys back its own shares and creates a stock of its own shares which it will sell in the future.

In our opinion, they are not selling pension funds in Greece… claiming that they have been upgraded to investment grade and the money placed in emerging markets is leaving.
Greece continues to perform based on the MSCI index.
There is no historical precedent for a country to be promoted to investment grade and eat such a strong hand.

In our opinion Funds are selling Greece because they have lost their vision…
They see the government as making grave mistakes, and that the virtuous circle is non-existent.
The disaster in Thessaly has not yet been assessed and this leaves a bad impression on foreigners. The 10-year bond has a yield of 4.5% with a debt of 404.6 billion and let us remember that Greece borrowed from the European Stability Mechanism at an interest rate of 0.79%.

The money is leaving because they are disappointed with Greece’s path.

…but the storm is coming…

Foreigners still have to sell 650 million, but this amount is not the basic amount.
Messages from the outside world are not encouraging, for Wall there is concern that if confirmed… 950 units may not be the final scenario for the Greek stock market.
Banknews reported that 950 units will be the new target for the Greek stock market…
So every bullish flash opportunity to sell…

www.bankingnews.gr