‘Draw’ of signs on the Stock Exchange

of Alexandra Tombra

The Athens Stock Exchange closed stable today, which although “visited” after three weeks the levels of 900 points, did not manage to keep its gains until the end.

In particular, the general index closed with a marginal increase of 0.04% to 891.80 points, while today it moved between 901.17 points (+ 1.09%) and 890.41 points (-0.11%). The turnover amounted to 78.25 million euros and the volume to 26.00 thousand units, while 2.76 million units were traded through pre-agreed transactions.

The high capitalization index closed with an increase of 0.10%, at 2,156.42 points, while at -0.69% Mid Cap completed the transactions at 1,416.40 points. The banking index closed with gains of 1.12% at 616.59 points.

The share of Ethniki was the one that stole the show today, as from its strong upward reaction it finally closed with gains of 1.67%, removing part of its support in the general index.

The title of Ethniki, as well as that of Mytilineos, will be in the spotlight tomorrow, as they are the two that will be included in the Standard Greece index of MSCI. The changes will take place at the close of May 31, when the strong rebalancing is expected to peak, with significant inflows in the two shares to be included.

Of course, today’s meeting was also affected by the holiday in the US, but according to Petros Steriotis, the convergence of several moving averages in the area of ​​890 units confirms the volatility of the Market in the medium term, with the overall performance of DG since its inception. 2022 to be neutral.

The convergence of this year’s resistance and support lines shows that the moment of the “big decision”, that is, the split, is approaching, with its direction, of course, remaining unknown.

However, apart from the above, no one can deny the fact that the market is coming after a good week, which not only interrupted the series of the four difficult falling weeks that preceded, but also to zero the losses of 2022. And according to Ilia Zacharaki of Fast Finance, our “heavy” industry seems to be close to the 2019 record as bookings and arrivals show that they are breaking significant records in the current months.

On the other hand, the constant threats from Turkey do not seem to affect the bookings, however, it is an unbalanced factor for how the period will go in case something happens.

Energy prices continue to be a concern, however, the fall of the dollar may be the beginning of a significant correction and rationalization of prices, at least in the short term.

On the board

On the board now, Eurobank, Ethniki, Lambda, GEK Terna, ELHA and Coca Cola closed with profits exceeding 1%, while Jumbo, Motor Oil, Quest, Piraeus, Hellenic Petroleum, EYDAP closed slightly higher. , Terna Energy and Ellactor.

On the other hand, Mytilineos and Aegean closed with losses of 2.51% and 2.30% respectively, with Sarantis, OTE and Viohalco following with a drop that exceeded 1%. PPC, PPA, OPAP and Alpha Bank closed slightly lower. IPTO and Titan closed unchanged.