Buyers were finally given the “victory” of today’s tug-of-war on the Athens Stock Exchange, which not only managed to absorb the pressures of profit-taking that occurred in the early hours, but also closed above its 200-day moving average at 866 points. .
In particular, the General Index closed with a rise of 0.70% at 869.82 points, while today it moved between 857.40 points (-0.74%) and 869.92 points (+0.71%). The turnover amounted to 57.4 million euros and the volume to 28.7 million pieces, while 0.37 million pieces were traded through pre-agreed transactions.
The high capitalization index closed with an increase of 0.94%, at 2,108.31 points, while at +0.58% the Mid Cap finished trading at 1,380.88 points. The banking index closed with a rise of 2.29% to 564.57 points.
Although the AXA was still at -0.74%, finally with the help of selected index-weighted securities it managed to keep the levels of 860 points and give the message that it still has room to continue the upward trend it has been following since the first ten days of July. Of course, the positive tally may not be very large, but since July 15, the ASE had recorded just one bearish session, reaching from 794 units a breath from 870 units today. And this session was down just 0.13%, with the need to lock in profits intensifying.
In this context, today’s session took on the characteristics of a typical corrective movement amid a mini-rally that has added over 60 points to the market in two weeks and a few days. And the bet is to continue the upward trend in the coming days, before August “gets” to gnaw even more at the investment initiatives of the remaining investors.
Also, the market not only has the “corporate fuel” to rally towards 900 points, and certainly hold the 200-day moving average at 866 points, but it also has the “privilege” (this time) of being in a economy that has gained growth momentum. And this momentum may have slowed, due to the well-known problems caused by the war in Ukraine, but it is on a better track than other Eurozone economies. Plus it also has the safety net of the European Central Bank, as can be seen in the de-escalation of Greek bond yields to 2.84% today.
On the dashboard
On the board now, Eurobank and Titanas stood out with +3% and +3.23% recorded respectively, while Aegean, Hellenic Petroleum and Alpha Bank rose more than 2%. Above 1% was the increase in GEK Terna, Jumbo, Ethniki, OPAP and Sarantis, while Lambda, OTE, Piraeus, Biohalco and PPC closed slightly higher.
On the other hand, Ellactor lost 3.09%, with Terna Energy closing at -2.87%. ADMIE, PPA, Motor Oil, Mytileneos, ELHA and Coca Cola closed slightly lower, while EYDAP and Quest closed unchanged.
At the finish line the split of 866 units on the Stock Exchange
Buyers were finally given the “victory” of today’s tug-of-war on the Athens Stock Exchange, which not only managed to absorb the pressures of profit-taking that occurred in the early hours, but also closed above its 200-day moving average at 866 points. .
In particular, the General Index closed with a rise of 0.70% at 869.82 points, while today it moved between 857.40 points (-0.74%) and 869.92 points (+0.71%). The turnover amounted to 57.4 million euros and the volume to 28.7 million pieces, while 0.37 million pieces were traded through pre-agreed transactions.
The high capitalization index closed with an increase of 0.94%, at 2,108.31 points, while at +0.58% the Mid Cap finished trading at 1,380.88 points. The banking index closed with a rise of 2.29% to 564.57 points.
Although the AXA was still at -0.74%, finally with the help of selected index-weighted securities it managed to keep the levels of 860 points and give the message that it still has room to continue the upward trend it has been following since the first ten days of July. Of course, the positive tally may not be very large, but since July 15, the ASE had recorded just one bearish session, reaching from 794 units a breath from 870 units today. And this session was down just 0.13%, with the need to lock in profits intensifying.
In this context, today’s session took on the characteristics of a typical corrective movement amid a mini-rally that has added over 60 points to the market in two weeks and a few days. And the bet is to continue the upward trend in the coming days, before August “gets” to gnaw even more at the investment initiatives of the remaining investors.
Also, the market not only has the “corporate fuel” to rally towards 900 points, and certainly hold the 200-day moving average at 866 points, but it also has the “privilege” (this time) of being in a economy that has gained growth momentum. And this momentum may have slowed, due to the well-known problems caused by the war in Ukraine, but it is on a better track than other Eurozone economies. Plus it also has the safety net of the European Central Bank, as can be seen in the de-escalation of Greek bond yields to 2.84% today.
On the dashboard
On the board now, Eurobank and Titanas stood out with +3% and +3.23% recorded respectively, while Aegean, Hellenic Petroleum and Alpha Bank rose more than 2%. Above 1% was the increase in GEK Terna, Jumbo, Ethniki, OPAP and Sarantis, while Lambda, OTE, Piraeus, Biohalco and PPC closed slightly higher.
On the other hand, Ellactor lost 3.09%, with Terna Energy closing at -2.87%. ADMIE, PPA, Motor Oil, Mytileneos, ELHA and Coca Cola closed slightly lower, while EYDAP and Quest closed unchanged.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
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