It withstood the pressures and closed the Stock Exchange upwards

The stay in the zone of 920 points was confirmed today by the Athens Stock Exchange, which may have been under intense pressure at the beginning of the session, but managed to raise the defenses needed to reverse the negative climate and close with small gains.

In particular, the General Index closed with an increase of 0.42% to 921.37 points, while today it moved between 923.66 points (+ 0.67%) and 906.87 points (-1.16%). The turnover amounted to 93.28 million euros and the volume to 31.88 million units, while 2.33 million units were traded through pre-agreed transactions.

The high capitalization index closed with an increase of 0.22%, at 2,236.01 points, while at + 0.01% Mid Cap completed the transactions at 1,548.11 points. The banking index closed with losses of 0.23% at 651.51 points.

Although it was even found at 906 points, eventually the General Index managed to make a significant rebound with the help mainly of the construction industry. An industry that has shown that it can be activated in the perspective of the new package of funds that will enter the country under the Recovery Fund, thus facing many challenges that have arisen from the rally of material prices (among others).

However, apart from the construction industry and the majority of market securities, the market picture would obviously be better if the indexes of Coca Cola, Eurobank and OTE were not so negative. But this spread of interest was also a sign of health in a market that is maintained on the uptrend channel in the long run, as several domestic analysts point out, even if turnover is still a concern.

The better picture of markets in Europe was helped by the improvement of the climate, the indicators in which they found themselves in the middle of big shocks due to the reports in the foreign media that there are moves to reduce the exposure of investors in the two big German banks, Deutsche Bank and Commerzbank. And these reports created a wave of risk off on the continent, with the Greek ATHEX unable to avoid it.

Of course, what stock market sources comment on Capital.gr is that the current image of European markets, which also affects the Greek one, is just a sample of how fragile the investment feeling is. Clearly the Greek market will not be in the first places of the defense choices, even if in 2022 it seems to show characteristics of a more mature market. It remains to be seen whether it will control its losses in the zone around 910 units, so as not to overturn the scenario for the levels to 930-940 units.

On the board

On the board now, Terna Energy closed with a jump of 4.04%, with Motor Oil, Lambda and Ellactor closing with gains of more than 3%. GEK Terna, Jumbo, Ethniki and Mytilineos closed above + 2% and IPTO and Sarantis over + 1%. Titan and Aegean closed slightly higher.

On the other hand, Quest closed with losses of 2.67%, with Coca Cola, Eurobank, OTE and EYDAP following with losses of more than 1%. PPC, Alpha Bank, Hellenic Petroleum, OPAP, Piraeus and ELHA closed slightly lower, while Biochalko and PPA closed unchanged.