Accumulation near, but below 870 points on the Stock Exchange

The Athens Stock Exchange is currently trying to find the strength to overcome the difficult level of 870 points, with the international climate not helping it as it stops moves that involve some risk.

In particular, the General Index records gains of 0.14% at 868.98 points, while the turnover is at 4.5 million euros and the volume at 1.5 million units. The FTSE 25 also recorded an increase of 0.37%, to 2,091.61 points, while the banking index gained 0.51% to 569.55 points.

When for three days he tries to cross the 870 points but he can not, then even if there are forces are not activated, as danger aversion prevails. This is the stock market comment on Capital.grwhich tries to explain the reason for the market stay in the range of 850-870 units in recent days.

Clearly, developments on the Russia-Ukraine conflict play an important role in Athens’s investment sentiment, but what is missing is the investment mood of foreigners, who see international markets entering a bearish channel leading to a bear. market. For better or worse, the priority of foreigners is not the Greek market, but where their positions are larger and require liquidity maintenance for the supports.

Thus the ATHEX remains in a zone that is only negative, as it technically keeps the way open for slipping to lower levels. Only if he resolutely crosses the zone of 865 – 870 units will he be able to see with greater demands the 890 and 900 units, otherwise the scenario towards 800 – 820 units is the one with the highest chances.

Dashboard

On the board now, Aegean is gaining 2.29%, with PPC, Quest, Jumbo and IPTO following with an increase of more than 1%. Eurobank, Sarantis, Ethniki, Alpha bank, ELHA, Mytilineos, Terna Energy, OPAP, GEK Terna and Piraeus are moving slightly upwards.

On the other hand, Titan and Coca Cola lost 1.44% and 1.18% respectively, with Lambda, EYDAP, OTE, Piraeus, Viohalko, Ellactor and Motor Oil also in negative territory. The PPA and Hellenic Petroleum are unchanged.