Mild profit taking on the Stock Exchange

of Alexandra Tombra

The Athens Stock Exchange is currently looking for a direction, which is trying to test the forces of the 900-point zone, but also to manage the profiteering moves.

In particular, the General Index records losses of 0.34% at 896.89 points, while the turnover is at 8.3 million euros and the volume at 4.4 million units. The FTSE 25 also fell 0.41% to 2,174.94 points, while the banking index lost 0.02% to 616.12 points.

The ATHEX is trying on the one hand to manage the securing moves of the previous period and on the other hand the difficult level of 900 points. The signs are still shared today, with the market looking for the catalyst that will give it the support it needs to overcome the above two reefs.

The main catalyst that will clearly affect the market in the coming period is the meeting of the European Central Bank next week. After all, the debate within the ECB on how aggressively it should tighten monetary policy is likely to intensify this week, before decisions are made, as inflation figures have raised concerns.

Until this landscape clears up, the overall index will have to cross the 900 points if it wants to not go backwards. That is, if the resistance of 900 points works for another session, the return to 865 points is possible, with the first small support being at 893 points.

On the board

On the board now, Jumbo is down 2.51%, with Coca Cola at -1.81%. IPTO, Piraeus, Motor Oil, Eurobank, OPAP, Mytilineos, Lambda, OTE, Hellenic Petroleum, Alpha bank, Sarantis, PPA, ELHA, Terna Energy and Viohalko are moving slightly down.

On the other hand, EYDAP increased by 1.64% and PPC increased by 1.05%. Ethniki, Titan, Aegean and Quest are moving slightly upwards, while GEK Terna and Ellactor are unchanged.