In the end, the buyers ‘woke up’ on the Stock Exchange

The Athens Stock Exchange closed with gains today, which although it was again in the grip of the shared signs and in an environment of ever-decreasing trading activity, finally managed to reach 900 points, with a mini rally of selected securities at the end.

In particular, the general index closed with gains of 0.60% at 898.29 points, while today it moved between 893.59 points (+ 0.08%) and 898.29 points (+ 0.60%). The turnover amounted to 46.6 million euros and the volume to 17.9 million units, while 2.3 million units were traded through pre-agreed transactions.

The index of high capitalization closed with an increase of 0.75%, at 2,162.41 points, while at -0.24% Mid Cap completed the transactions at 1,489.49 points. The banking index closed with gains of 0.73% at 581.95 points.

The trading picture of the market remained at very low levels, confirming that despite the upward efforts, caution is present in the trading. Of course, today another important step was taken, the closing of over 893 units, with the foreign portfolios in fact being proven in the back of Athens Avenue and this can only be reflected in the trading activity of the market. Not that the picture was better before the end of November, however there were some trading outbursts that kept market interest high.

Micron and inflation in focus

However, in the remaining 15 sessions until the end of 2021, the market seems to be holding a small basket on whether the general index can confirm the optimists’ expectations for a six-year high. That is, to cross the 950 points, which are the big milestone that will show that the market leaves the crisis behind for good and enters a more sustainable growth trajectory.

After all, the market has to face two fronts these days. The first is clearly the new Omicron variant of Covid 19, which may be described by scientists as worse than the Delta, but not as extreme as expected. The first messages are positive, but no one can rule out restrictions in the middle of the festive season, which is crucial for retail.

The second front is inflation in our country, as well as around the world, as it threatens to erode the disposable income of consumers, but also to change the policy mix of central banks. According to information from Capital.gr, the new rise just below the 5% expected for November in the national consumer price index will be a result of the continuous price increases, mainly of electricity and gas and secondarily of oil, September and part of October revaluations.

On the board

On the board now, the “quartet” Motor Oil, Alpha Bank, Hellenic Petroleum and OTE gave a significant boost to the market, as they recorded more than 2% increase, while profits were more than 1% in Jumbo, Piraeus, OPAP, ELHA and Terna Energy. Ellactor, Lambda, Titan, HELEX and Mytilineos moved slightly upwards.

On the other hand, Aegean and Sarantis lost 1.78% and 1.71% respectively, with Ethniki, Viohalko, PPA, EYDAP, Coca Cola, GEK Terna and PPC following with losses that did not exceed 0.8%. Eurobank and IPTO closed unchanged.