Correction in the Stock Exchange is controlled

The Athens Stock Exchange is currently trying to confirm the “conquest” of 920 points, which is moving positively, but the climate is fragile, as the profits of the last few days are attractive.

In particular, the General Index records losses of 0.15% at 919.88 points, while the turnover is at 7.2 million euros and the volume at 1.4 million units. The FTSE 25 also recorded a drop of 0.24%, to 2,219.29 points, while the banking index recorded losses of 0.25% to 603.63 points.

In the spotlight today is PPC, which since the closing of the book of offers for its capital increase has again found the way to levels above 10 euros. In the next few days, the official announcements for its AMK are expected, which will confirm the positive momentum that has been created in the share.

Assimilation is a bet

The market recovery from the levels of 850 units on October 1 has been marked by a key feature. The selective movements and the assimilation of the intermediate stairs before the highest levels are tested. So although the report is not very large, what has been pointed out by several domestic analysts is that the steps of the general index were stable, with the titles even keeping an informal rotation that allowed internal corrections.

This is essentially the market risk today, after yesterday’s closing of over 920 units, a level that was last seen intra-conference in early September. In other words, it needs the assimilation that is needed to reach the difficult and demanding level of 930 units, ie the last step to recover the highs of 2021.

Of course, as many analysts point out, the ATHEX has the tools and liquidity to operate higher, but it lacks the momentum required, after so many months of sideways movement. But as long as the banking index maintains the 600 points, the expectations remain positive, even if in the last few days we see a pause in the positive movement.

On the dashboard

On the board now, EYDAP, Jumbo, Hellenic Petroleum and Sarantis record losses of more than 1%, while Coca Cola, Titan, Motor Oil, Eurobank, OPAP, IPTO, Ethniki, Piraeus, Ellaktor and Mytilineos are moving slightly down.

On the other hand, PPC, PPA and Lambda record profits in excess of 1%, while Viohalko, Aegean, HELEX, ELHA, Terna Energy, OTE and Alpha Bank move slightly higher. GEK Terna is unchanged.