Almost ‘painless’ the falling 5×5 on the Stock Exchange

The Athens Stock Exchange closed in the “red” for the fifth consecutive session, as even today it did not manage to absorb the mild, but persistent, pressures in the majority of its securities, while now it lost the level of 913 points.

In particular, the General Index closed with losses of 0.36% at 910.63 points, while it moved between 909.88 points (-0.44%) and 914.48 points (+ 0.06%). The turnover amounted to 63.7 million euros and the volume to 20.3 million units, while 0.4 million units were traded through pre-agreed transactions.

The index of high capitalization closed with a fall of 0.48%, at 2,192.20 points, while at -0.01% Mid Cap completed the transactions at 1,512.03 points. The banking index closed with losses of 0.70% at 583.22 points.

Five days of decline for the Stock Exchange, but the “cost” barely reaches 10 points for the General Index. In fact, for another day, a huge percentage of the turnover, today 45%, was traded by the PPC share, just one day before the introduction of the new shares that resulted from the capital increase.

Now it remains to be seen if the General Index will react to the levels of 910 points, but in any case in order to change the picture it will have to cross the 931 points, in order to make a break or try again at 7-year highs. Of course, as several domestic analysts point out, in order for the market to be liberalized upwards, the banking index must complete its mini-correction. 575 points is the main support of the sector, while on the other hand, 595 points is a significant close resistance.

Two weeks of strategy

They have 2 weeks left to close the books of the year for foreigners, with the managers wanting to maintain, if nothing else, their returns at the end of the month, reports today Elias Zacharakis of Fast Finance. On the other hand, the 30th of the month is also the date when the changes in the MSCI indices come into effect, a fact that can significantly increase the turnover in the market.

The only “negative” for the Greek stock market is the bad timing since the Greek economy is in a completely different phase from the rest, according to Mr. Zacharakis. and they have already managed to be close to their histories or even higher, he will understand that the same can happen in an economy, and therefore in the stock market as well. which can approach significant new capital and be valued on an equal footing with other economies.

On the dashboard

On the board now, Motor Oil, Coca Cola and Mytilineos received the biggest pressures on the high capitalization index, as they closed with losses of 1.42%, 1.48% and 1.25% respectively, with Alpha Bank, Titan, IPTO, OPAP , Eurobank and Lambda to close with a fall close to -1%.

Sarantis, Ethniki, EYDAP, Jumbo, Piraeus, GEK Terna, Aegean, Viochalko, Hellenic Petroleum and Ellaktor closed slightly lower, while PPA and HELEX completed without change. On the other hand, OTE and Terna Energeiaki closed slightly higher, with ELHA closing at + 1.06% and PPC at + 1.66%.