LAST UPDATE: 11.21
Although it tried to move higher in the first half hour, in the end the Athens Stock Exchange tries to keep the levels above 860 points, against the moves of securing profits that are reasonably manifested.
In particular, the General Index records losses of 0.11% at 866.10 points, while the turnover is at 9 million euros and the volume at 3.5 million units. The FTSE 25 also recorded an increase of 0.20%, to 2,084.22 points, while the banking index gained 0.64% to 564.78 points.
The ATHEX today is called to show that Friday’s reaction was not a “break” in a downward movement. Of course, the positive thing was that it came with a significant increase in turnover, at a time when the reaction from the low of 843 points had preceded, but also the expectations that gave birth to the inclusion of Mytilineos and Ethniki in MSCI.
According to El. Zacharakis of Fast Finance, inflation, the continuation of the war and rising interest rates continue to trouble the market. An end to the war could give the markets a major boost. On the other hand, Greece has positive news ahead of it with the elections and any political developments on the table. Also, the investment stage is now visible and could, under certain conditions, come sooner.
Volatility is the only sure thing that will continue with the interest growing since in the previous period we had in many cases a monotonous upward movement. By the end of the month and the completion of the MSCI we will see an increase in turnover with the zenith being recorded in the last session. It is logical with the changes and the new entrances to see outflows from other titles, something that we observe more intensely in PPC, he concludes.
On the board now, Terna Energy has gains of 2.30%, with Viohalko and Alpha Bank following with an increase of more than 1%. Ethniki, ELHA, Titan, OPAP, GEK Terna, Mytilineos, Quest, PPA and Eurobank are moving slightly upwards.
On the other hand, Coca Cola, Aegean, Motor Oil EYDAP and Piraeus record losses of more than 1%, while Hellenic Petroleum, IPTO, Lambda, Ellactor, OTE and Sarantis are moving slightly downwards.