Keep the ‘character’ with profits and turnover of the Stock Exchange

With significant gains, but without the complete absence of nervousness, the Athens Stock Exchange managed today, with the help of mainly banks and several index-weighted securities, to break away from the negative international climate and close with significant gains, reaching the 920 zone. units.

In particular, the General Index closed with gains of 1.32% at 918.41 points, while today it moved between 909.67 points (+ 0.35%) and 923.93 points (+ 1.93%). The turnover amounted to 100.8 million euros and the volume to 53.2 million units, while 6.3 million units were traded through pre-agreed transactions.

The high capitalization index closed with an increase of 1.55%, at 2,214.90 points, while at + 0.20% Mid Cap completed the transactions at 1,517.45 points. The banking index closed with gains of 3.90% at 619.34 points.

The ATHEX today managed to close the gap cut caused by the appearance of the Omicron variant, recording the ninth positive meeting in the last 12. Also, the banking sector closed more than 600 points, for the first time since the end of November, when the Omicron variant first appeared, but the effect was limited by the pressures exerted by the losses of the PPC index weight.

Of course, in order for the market to give the final message that the climate has changed for the more positive, it will have to successfully compete with the 930 points, the level that put it on hold many times in 2021. Then new funds may be activated in Athens Avenue, at a time when it may prove to be critical for the Greek capital market.

Technical image

However, according to Fast Finance, the improved image of the ATHEX gave buying signals to the entire market in both daily and weekly charts. However, the upper range that we are used to stopping the market is the zone of 930 units, so it is a significant close resistance. On a monthly basis we manage to close over 886 units that maintain the trend, while on a daily basis we move away again from the 200-day mobile phone. The 890 units are close support.

In the FTSE 25, 2,185 points is the near resistance that a breakout can target at 2,241 with an intermediate resistance of 2,217 points. The 2,157 units are the close support for 25ari. The banker on his part seems to solve the accumulation of the last period. 608 points is a close resistance that needs attention, but the closing closure can move to 628 points. The 584 is the closest and the 570 units the main support.

On the board

On the board now, Alpha Bank stood out with the + 5.18% that it recorded, with Jumbo, Eurobank, Ethniki and Piraeus framing it worthily with their more than 3% profits. Coca Cola closed at + 2.48%, while the rise in ELHA, Motor Oil, Titan and Mytilineos was over 1%.

Terna Energeiaki, EYDAP, OTE, Aegean, Viohalko, Ellaktor, Sarantis and IPTO closed slightly higher, with PPA and GEK Terna closing unchanged. On the other hand, Lambda, Quest, Hellenic Petroleum and OPAP closed slightly lower, but PPC lost 1.66%.