Nervousness and shared signs in the stock market

of Alexandra Tombra

The Athens Stock Exchange is moving nervously and with selective moves today, “introducing” the caution that prevails in Europe from the bra-de-fer with Russia and the supplies of its natural gas.

In particular, the General Index records losses of 0.09% at 890.51 points, while the turnover is at 4 million euros and the volume at 2.1 million units. The FTSE 25 also increased by 0.05%, to 2,156.90 points, while the banking index gained 0.41% to 653.46 points.

Although last week the ATHEX recovered a significant part of the losses of the … war, the continuation alone will not be easy, given that the balance of power between Russia and Europe is constantly changing, affecting vital sectors of the economy of both regions. Indicative of the above is the bra – de – ferry that exists between Europe and Russia for gas supplies, but also how to pay the relevant contracts.

However, until there is a more critical catalyst that will show the way, the ATHEX will have to keep the key level of 880 units. According to Beta Securities, the General Index moves in parallel with the 200-day moving average, gaining time having already broken the exponential version of the technical index.

The accumulation at current levels was even necessary for the upward trend to have a future since, apart from the winners of the March lows who secured profits without breaking the chart, there was a shift of interest to companies with high specific weight (Coca Cola, Banks ) creating new upward “pockets”.

Buyers are likely to call everyone who looks appropriate, if there are only a few. Turnovers in the last two weeks have fallen significantly below 100 million euros, probably expected since the market has a smaller range and the previous rise puts some hesitations in large-scale placements.

On the board

On the board now, Quest is gaining 2.20%, with IPTO and ELHA following with + 1.75% and + 1.28% respectively. Mytilineos, OTE, Viohalko, Alpha Bank, Eurobank, Terna Energy, OPAP, Ethniki and Jumbo are moving slightly upwards.

On the other hand, -2.17% of Coca Cola, but also -2.08% of Titan are the two big weights of the market, while over 1% is the drop in PPA and Aegean. GEK Terna, EYDAP, Hellenic Petroleum, Motor Oil, Sarantis, Piraeus, Lambda, Ellactor and PPC are moving slightly downwards.