‘It wants’ … and the 900 units the Stock Exchange

After two weeks of introversion and small uptrends, the Athens Stock Exchange is testing the levels of 900 points, but without abandoning its beloved tactics of cautious and selective moves.

In particular, the General Index records gains of 0.48% at 903.14 points, while the turnover is at 3.6 million euros and the volume at 1.1 million units. The FTSE 25 also recorded an increase of 0.41%, to 2,169.66 points, while the banking index gained 0.05% to 577.96 points.

Although introversion is the first picture the market has been giving lately, no one can overlook the fact that the ATHEX manages to enter the new year close to the maximum range of multi-month accumulation. In fact, the support it has received from several titles can not be ignored, at a time when the market performance as a whole did not satisfy many.

Heterophoto the ATHEX?

But what worries the ATHEX is that although there are important and serious catalysts to penetrate the ceiling of accumulation, buyers are very cautious when the general index moves above 900 points. That is, it is in this critical period that most market expectations have been dashed, and not just once.

At the same time, what is often pointed out is that although the market often receives positive effects from international markets, it clearly lags behind what is happening in both Europe and the US, as not only is it unable to reach four-digit levels, but to penetrate even the six-year highs, which are at 950 points.

Of course, the estimate that seems to be taking a lot of chances lately is that the accumulation has already lasted many weeks, 44 in number, with the range gradually shrinking, which usually leads to an outbreak. If this is positive or negative … the pandemic will show it.

On the board

On the board now, Coca Cola jumps 2.89%, with Lambda at + 1%. ELHA, Sarantis, Jumbo, Titan, Quest, Eurobank, Piraeus, OTE, Hellenic Petroleum, Mytilineos, EYDAP, PPC, Aegean and Motor Oil are moving slightly upwards.

On the other hand, Ellactor, PPA, GEK Terna, IPTO, Terna Energy, Ethniki and OPAP are moving in negative territory, but none of them is moving with losses of more than 1%. Alpha Bank and Viohalko are unchanged.