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.