He keeps in touch with the 900 units of the Stock Exchange

With the help of PPC, as well as the change of symbol in several securities, the Athens Stock Exchange is currently managing not only to reverse the negative start, but also to keep in touch with the 900 units, against the negative international climate.

In particular, the General Index registers a gain of 0.14% at 897.70 points, while the turnover is at 10.1 million euros and the volume at 5.2 million pieces. An increase of 0.21% was recorded by the FTSE 25, at 2,173.02 points, while the banking index lost 0.16% at 598.78 points.

The AXA may have managed the turmoil of the international markets in an exemplary manner, even cutting the cord that connects it to the American climate, even temporarily, but it cannot bypass the money loopholes and the great concerns about the course of the monetary policy of the major central banks banks. The climb to the psychological limit of 900 units is therefore postponed for the time being, with forces being spent on maintaining the lowest level of 890 units, so that it does not enter into bearish adventures again.

Of course, it is difficult to estimate how far these forces may go, that is, if they will eventually allow a correction towards the support of 885 units, or even lower, so as not to dissipate the gains secured in the previous period. Earnings that are attractive enough to let international uncertainty gnaw away, especially ahead of Federal Reserve chief J. Powell’s speech at Jackson Hall on Friday. The speech will be a critical test of the priorities and intentions of the world’s largest central bank, with the memory of last year’s statement about the transience of US inflation still haunting the Fed’s credibility.

Until then, of course, the market will monitor the political processes in Herodos Attikou, even in view of the parliamentary battle on Friday. Next Friday and in the Plenary Session of the Parliament, the Prime Minister and the leaders of the opposition parties will cross their… political swords on the case of surveillance, in a counter-dress rehearsal for the… hot, as expected, at all levels pre-election period.

On the dashboard

On the board now, PPC is gaining 2.04%, with Jumbo and ADMIE following with gains of just over 1%. OPAP, Hellenic Petroleum, Lambda, OTE, Piraeus, Biochalco, EYDAP, Ellactor and Mytileneos are moving slightly upwards, while Eurobank is unchanged.

On the other hand, Terna Energy and ELCHA remain with losses of more than 1%, while Aegean, Quest, Alpha Bank, Coca Cola, Titan, Motor Oil, Sarantis, GEK Terna, National and PPA.