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Construction Shares Upward Surge Leaves Room For Optimism

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Construction companies drew market’s attention on Tuesday as they posted double-digit profits, following a dramatic fall recently, mainly attributed to the disengagement  of a particular investor rather that concerns about the course of activities. Besides, most analysts have set target-prices that indicate an upside margin of more than 100%.

GEK TERNA jumped by 14.09% on Tuesday, while the profits of Ellaktor and J&P Avax reached 10.19% and 12.66% respectively. According to market sources, the fund Capital has been selling up shares of Ellaktor and GEK TERNA, during the previous week. 

Regarding J&P Avax, well-informed sources reveal that the recent fall is attributed to domestic investors and not to fund Capital, which had walked out several months earlier. Capital’s exit is related to the assessment made by international firms on Greek stocks.
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