Coca Cola supports the Stock Exchange

With Coca Cola leading the rise, the Greek stock market found an unexpected ally today to keep its positive pace ahead of the difficult level of 900 points.

In particular, the General Index records an increase of 0.36% to 900.14 points, while the turnover is at 24 million euros and the volume at 7 million units. The FTSE 25 also rose 0.35% to 2,183.31 points, while the banking index gained 0.68% to 621.73 points.

Now we have entered the summer with the turnovers being used to slowing down, says Elias Zacharakis of Fast Finance. According to him, the truth is that 2022 is a special year with the Greek stock market having managed to be in profit and the rest just trying to make up for some of the losses.

This alone as a given shows that the Greek economy is in another phase and can make a difference even in a period when the rest will just try not to enter a recession. New deals in the market could stimulate it, while tourism seems to be able to reach even the record of 2019, adds Mr. Zacharakis.

Technically now 900 units is a very important level in both daily and monthly chart and a guarantee could give us nothing but a momentum to 935 units. So far what we are seeing is a rotation in FTSE stocks, simply maintaining the image in the market. Medium capitalization has long lagged behind the rest having lost the good image of the last two years.

On the board

On the board now, Coca Cola and Hellenic Petroleum record gains of 2.25% and 2.13% respectively, with Sarantis being at +1.34. Alpha Bank, Motor Oil, Titan, Quest, Ethniki, ELHA, Piraeus, Viohalko, Ellaktor, Lambda, GEK Terna, Aegean, Eurobank, OTE, PPC and PPA are moving slightly upwards.

On the other hand, OPAP recorded losses of 1.46%, exerting the greatest pressure on the market, with EYDAP falling by 1.39%. Mytilineos and IPTO recorded mild losses, while Jumbo and Terna Energeiaki did not change.