Controlled correction on the Athens Stock Exchange

Shared signs and an effort to maintain the zone of 920 points is the image that the Athens Stock Exchange is showing today, which should manage the corrective moves that are reasonably manifested at the levels.

In particular, the General Index records losses of 0.16% at 919.02 points, while the turnover is at 3.4 million euros and the volume at 1.1 million units. The FTSE 25 also recorded a drop of 0.24%, to 2,212.27 points, while the banking index recorded losses of 0.59% to 596.86 points.

Today the ATHEX closes the first ten days of November, during which it has already made 2.50% profits. And it may seem small as an account, but the returns of several titles are attractive enough to provoke profit-making moves, especially as we enter the final straight for the end of the year.

At the same time, the banking index also appears to be in corrective action, after its six-day uptrend in the first days of the month. Of course, what many analysts point out is that these corrective moves are not “severe”, as was the case in previous cases of market folding, further foreshadowing the efforts of several portfolios to improve their liquidity.

Discreet monitoring of the pandemic

Although the cases in the Greek community jumped yesterday to 8,613 records, the market seems to keep its composure and the expectation that the economy will not close again. And while the government may exorcise lockdown scenarios, the truth is that in all European countries they are forced to take action to prevent the worst.

Of course, analysts do not hide that the continuation of the pandemic due to the slowdown in the rate of vaccinations from the summer onwards, but also the rise in energy prices and supply chain problems, raise concerns.

On the dashboard

On the board now, PPC and Terna Energy record losses of 1.65% and 1.08% respectively, while National, IPTO, Piraeus, Eurobank, Jumbo, Sarantis, GEK Terna, OTE, Hellenic Petroleum, HELEX are moving slightly down. Ellactor, Mytilineos and Alpha Bank.

On the other hand, ELHA is gaining 1.15%, with Coca Cola, OPAP, Viohalko, Lambda and PPA being in positive territory. Unchanged are Titan, Motor Oil, Aegean and EYDAP.