New effort for the 870 units on the Stock Exchange

The Athens Stock Exchange continues today with gains, which for another day besieges the resistance of 870 points, which “stands” an obstacle for almost a week for buyers.

In particular, the General Index records gains of 1.25% at 874.17 points, while the turnover is at 6 million euros and the volume at 2 million units. The FTSE 25 also recorded an increase of 1.24%, to 2,104.11 points, while the banking index gained 1.60% to 583.99 points.

The ATHEX’s effort to cross the 870 points closes in a week, with today’s meeting seeming to be able to make a difference and bend the resistance. Of course, since last Thursday the ATHEX has shown a good behavior in the first hours of the meeting, but at the end it usually disappoints the buyers, who now keep a small basket.

Small basket because this level puts almost daily stops in the upward efforts of the market. In fact, it is now considered the big bet, not only for its division but also for its preservation, while the climate in the international markets remains negative.

Buyers’ expectations today, however, are slightly better, as from the beginning of the year we see the banking sector awake and trying to regain the lost ground of May. The reaction came from the moment the sector was at 540 points, last Friday, with its current move bringing it to the zone of 580 points. And the estimates may still be negative for the industry, but the move is not only negligible, in view of the restructuring in the context of changes in the MSCI indices.

On the board

On the board now, Jumbo and Alpha Bank record gains of 2.76% and 2.14% respectively, with Biochalko, Ethniki, Coca Cola, Piraeus, Terna Energy, OTE, Lambda, Mytilineos, PPC, Eurobank, OPAP and ELHA to follow with an increase of more than 1%.

PPA, GEK Terna, Aegean, Titan, EYDAP and Motor Oil are moving slightly upwards, with Hellenic Petroleum, IPTO and Quest unchanged. Ellactor and Sarantis are in negative territory, at -0.12% and -0.45% respectively.