Mixed signs on the Stock Exchange

LAST UPDATE: 11.18

The Athens Stock Exchange is currently moving with small gains, which after the correction on Friday is again looking for the path to the resistance of 910 – 913 points, in order to make a difference at higher levels this time.

In particular, the General Index records gains of 0.09% at 907.75 points, while the turnover is at 3.8 million euros and the volume at 2.2 million units. The FTSE 25 also recorded an increase of 0.04%, to 2,196.55 points, while the banking index recorded losses of 0.21% to 600.71 points.

This week will be rich for the domestic market, so it is possible that we will see some caution until critical developments take place. One of them is that the announcement of the semi-annual changes in the Morgan Stanley indices is expected on Thursday night, which will take place at the end of the meeting on November 30. The market is waiting for the entry of PPC and Ethniki, with small chances of Mytilineos entering. On the other hand, it is waiting whether Jumbo will leave the index or not. In any case, we must not forget that this review will affect the next strategy of several foreign institutions that close books at the end of the month.

Technical image

However, what many analysts point out is that the market does not want to test its technical limits until it has a better picture of both the MSCI front and the pandemic. However, it may continue to move close to 913 units, without yet being able to secure them, nevertheless its value increased by 1.35 billion from PPC AMK.

Of course, the goal is to penetrate the wall of 911-914 units, as as Fast Finance points out, securing it will give us a move to 930 units in the first phase and 960 units in the second. The 899 units have become a major support, which only split can give us the 890 or 875 units.

In the FTSE 25 the siege of the level of 2,207-2,210 units continues without having managed to close above the level that will give if nothing else an increase with the first target of 2,243 and the next 2,315 units. The 2,173 points are close main support that only split can bring us to the 2,147 points.

Dashboard

On the board now, Motor Oil (currently trading without the right to the dividend of 0.20 euros per share) and Aegean are losing more than 1%, while Jumbo, Eurobank, Piraeus, Ellactor, PPC, Coca Cola, Greek are moving slightly down Oils and EYDAP.

On the other hand, Titan strengthens by 1.48% and Terna Energy gains 1.54%. OTE, Sarantis, ELHA, GEK Terna, OPAP, Mytilineos, Lambda, Alpha Bank, Viohalko and PPA are moving slightly upwards. IPTO, Ethniki and HELEX are unchanged.