Banking recovery in the Stock Exchange

The Athens Stock Exchange is currently attempting to return above 960 points, following in the footsteps of the European recovery to cover even this lost ground caused by the geopolitical upheavals.

In particular, the General Index records gains of 1.12% at 961.38 points, while the turnover is at 18.3 million euros and the volume at 6.8 million units (a package of 4.8 million euros was also traded in Piraeus and in GEK Terna 5.5 million euros). The FTSE 25 also rose 1.28% to 2,352.58 points, while the banking index rose 2.38% to 740.01 points.

Today, the ATHEX is divided into two fronts: The first is, of course, the developments on the Russian-Ukrainian border, with the tone in the European markets being slightly more positive than yesterday’s dive, and the second is the macro data that are so expected outside, with Eurozone GDP in the fourth quarter of 2021, as well as within the consumer price index for January. The first judges the short-term climate and the second the longer-term movements, as they will also affect the movements of the Central Banks.

Will it prevail? According to stock market sources of Capital.gr, as long as the general index defends the zone of 930 – 940, the FTSE 25 the 2,346 units and the banking the 700 units, then the positive scenario remains in force in Athens Avenue. Even small and controlled pullbacks are opportunities to both improve portfolio liquidity and strengthen positions.

Now, in a minefield environment, which is fragile anyway, the moves are next to be more cautious. After all, this equation should not overlook the fact that on Friday night the FTSE Russell will announce the semi-annual review of its indicators with the date of implementation of the changes set for March 20. It is recalled that marketability is estimated to be particularly high in the past as investors who follow the indicators take their positions for the respective changes in both stocks and weights.

Dashboard

On the board now, Ethniki, Alpha Bank, Sarantis, Eurobank, Hellenic Petroleum and Piraeus record profits in excess of 2%, while more than 1% is the rise in Coca Cola, PPC, Viohalko and Quest.

OTE, Mytilineos, IPTO, Titan, GEK Terna, Lambda, Motor Oil, OPAP and Jumbo are moving slightly upwards, with PPA, EYDAP and Aegean being unchanged. On the other hand, in negative territory are Terna Energeiaki, Ellaktor and ELHA, but without moving above -1%.