Low turnover and stagnation in the Stock Exchange

Significantly low turnover, selective liquidations and embankments above 950 points is the image that the Athens Stock Exchange is showing today, which is trying to remain unaffected by the turmoil in international markets.

In particular, the General Index records losses of 0.14% at 954.02 points, while the turnover is at 18.8 million euros and the volume at 7.1 million units. The FTSE 25 also fell 0.18% to 2,334.34 points, while the banking index lost 0.15% to 727.11 points.

Trading activity is the negative protagonist today on the ATHEX, as the turnover remains at the level of 19 million euros, even with the expiration of derivatives today, leaving enough room for small movements to shape the market sign. After all, the market has found some support, especially in the + 1% of Coca Cola, in order to absorb the pressures manifested in the small majority of its titles.

The image that is being formed today on Athens Avenue is that of waiting and procedural moves until it clearly clarifies the landscape on the front that defined this week the markets worldwide. Namely the Ukrainian, as the developments there have caused very serious upheavals in the international markets.

Of course, the week closes for the ATHEX with a negative sign, as Monday’s fall, like yesterday, was enough to deprive the General Index of the levels of 970 points, despite Wednesday’s ambitious efforts. However, unlike other markets, the ATHEX closes the week at much better levels than the Western markets, unless in the remaining hours there are developments that will affect the markets again.

As long as the market keeps the levels, the long-term trend remains upward, with the key support being at 920 points and the resistance at 970 points. It is possible, of course, that this area will be tested next week, where an increase in supply from portfolios moving with a short-term horizon should be expected.

Dashboard

On the board now, Terna Energy loses 1.24%, with Alpha Bank, Mytilineo, OTE, Hellenic Petroleum, GEK Terna, PPA, Ellactor, Ethniki, Titan, PPC, Quest and Eurobank following with small losses.

On the other hand, ELHA wins 3.37%, with Coca Cola being at + 1.03%, while Viohalco, Jumbo, Motor Oil, EYDAP, Lambda, IPTO, Aegean, OPAP and Piraeus are moving slightly upwards. Sarantis is unchanged.