The Athens Stock Exchange is moving slowly, following the negative international climate, but without lacking any support in the zone of 950 points, so as not to threaten the levels it has recovered after a two-year pandemic.
In particular, the General Index records losses of 0.69% at 949.70 points, while the turnover is at 7.7 million euros and the volume at 2.7 million units. The FTSE 25 also fell 0.70% to 2,296.32 points, while the banking index lost 0.62% to 650.36 points.
Although the possibilities of continuing the rise in the Greek market is the big demand of the long, and in any case of the “emerging” buyers at these levels, the resilience he shows in the zone of 950 units is not only negligible. Especially when the close support is located much lower, ie in the zone of 930 units, which seems not to be threatened, as internal corrections are not lacking, with several portfolios encapsulating liquidity from the overperformance of several securities.
However, what is pointed out by several domestic analysts is that the ATHEX needs a correction to very specific limits, in order to properly assimilate the seven-year highs, but also to improve the liquidity of the portfolios that have endured the multi-month accumulation. It is, after all, a minimal “reward” after 14 positive meetings in the last 18.
After all, a corrective session at a time when the upward trend has been confirmed many times does not change the market outlook, when in fact its major sector, the banking sector, continues to garner the positive comments of analysts. Today Deutsche Bank confirms that the industry has transformed, with fears about capital largely over, especially given that the remaining efforts to “clean up” the balance sheets are unlikely to significantly burden forecasts.
Dashboard
On the board now, the pressures come mainly from the more than 1% losses in Coca Cola, Lambda and OTE, while Terna Energy, Ellactor, Alpha Bank, Mytilineos, Sarantis, PPC, OPAP, Motor Oil, Titan, are also moving slightly down. Eurobank, GEK Terna, Piraeus, Viohalko, Jumbo and PPA.
On the other hand, ELHA, EYDAP, Quest, Ethniki and IPTO are moving positively, but neither can receive a boost for a strong rise. Aegean and Hellenic Petroleum should not change.
.
Corrects the Stock Exchange again in the zone of 950 points
The Athens Stock Exchange is moving slowly, following the negative international climate, but without lacking any support in the zone of 950 points, so as not to threaten the levels it has recovered after a two-year pandemic.
In particular, the General Index records losses of 0.69% at 949.70 points, while the turnover is at 7.7 million euros and the volume at 2.7 million units. The FTSE 25 also fell 0.70% to 2,296.32 points, while the banking index lost 0.62% to 650.36 points.
Although the possibilities of continuing the rise in the Greek market is the big demand of the long, and in any case of the “emerging” buyers at these levels, the resilience he shows in the zone of 950 units is not only negligible. Especially when the close support is located much lower, ie in the zone of 930 units, which seems not to be threatened, as internal corrections are not lacking, with several portfolios encapsulating liquidity from the overperformance of several securities.
However, what is pointed out by several domestic analysts is that the ATHEX needs a correction to very specific limits, in order to properly assimilate the seven-year highs, but also to improve the liquidity of the portfolios that have endured the multi-month accumulation. It is, after all, a minimal “reward” after 14 positive meetings in the last 18.
After all, a corrective session at a time when the upward trend has been confirmed many times does not change the market outlook, when in fact its major sector, the banking sector, continues to garner the positive comments of analysts. Today Deutsche Bank confirms that the industry has transformed, with fears about capital largely over, especially given that the remaining efforts to “clean up” the balance sheets are unlikely to significantly burden forecasts.
Dashboard
On the board now, the pressures come mainly from the more than 1% losses in Coca Cola, Lambda and OTE, while Terna Energy, Ellactor, Alpha Bank, Mytilineos, Sarantis, PPC, OPAP, Motor Oil, Titan, are also moving slightly down. Eurobank, GEK Terna, Piraeus, Viohalko, Jumbo and PPA.
On the other hand, ELHA, EYDAP, Quest, Ethniki and IPTO are moving positively, but neither can receive a boost for a strong rise. Aegean and Hellenic Petroleum should not change.
.
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.
You may also like
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
The Beauty and Personal Care products company, which was established by a group of young people in Florida State of
Snoop Dogg publishes country music video from the “Kuririn” meme
Snoop Dogg shared this Tuesday (23) a video of the duo Magno and Marciel , “The Root Twins”. In 2022,
US authorities offer R$100,000 reward after dolphin shot on beach
The US National Oceanic and Atmospheric Administration is offering a reward of up to $20,000 for information about a dolphin
Israel says it killed half of Hezbollah chiefs in southern Lebanon; group denies
Half of Hezbollah’s commanders in southern Lebanon have been killed since fighting with Israel began on October 7, according to
EUR/USD remains firm away from 1.0700, amid USD strength and rising US yields.
The EUR/USD pair remains above 1.0700, with little change despite the strong recovery of the US Dollar. US Treasury yields
WTI falls but remains close to $83
Crude oil retreats following risk appetite, but the decline in US inventories limits losses. WTI remains weighed down by the
John Krasinski and Steve Carell, from “The Office”, reunite in new film
After working side by side for years in “The Office” , John Krasinski It is Steve Carell come together in
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
Snoop Dogg publishes country music video from the “Kuririn” meme
US authorities offer R$100,000 reward after dolphin shot on beach
Israel says it killed half of Hezbollah chiefs in southern Lebanon; group denies
EUR/USD remains firm away from 1.0700, amid USD strength and rising US yields.