The Athens Stock Exchange is moving along the same wavelength as most of the week ending today, which is trying to stay in the zone of 870 units, against the mild pressures it receives.
In particular, the General Index recorded losses of 0.16% at 866.13 points, while the turnover is at 1.5 million euros and the volume at 0.7 million pieces. The FTSE 25 also fell by 0.24%, at 2,091.95 points, while the banking index lost 0.57% at 552.91 points.
The breakout of the 200-day moving average in Wednesday’s auctions is proving weak, with the market once again missing the level that signals an improvement in the short-term trend. Of course, expectations were low given the seasonality, low turnover and the fragile international environment, but hopes are always raised by the longs.
Moreover, the pattern is not expected to change in the next two weeks at least, as the low trading activity and the “absence” of many portfolios keeps many movements on the board within the bounds of the procedure. The only difference can be if some international catalyst manifests itself in such a strong way that it causes significant turmoil in markets worldwide.
One front that may sustain the market’s interest is the data from the US labor market, which also influences the decisions of the Federal Reserve. Of course, there would have to be a major reversal in sentiment for the world’s largest central bank to change its interest rate policy outlook, which is not expected, but there will certainly be a better tone if some data changes the data on hand. of the Fed.
On the dashboard
On the board now, Piraeus, Coca Cola, Aegean and Ellactor are recording losses that exceed 1%, while Alpha Bank, Eurobank, OPAP, PPC, GEK Terna, Motor Oil and Jumbo are moving slightly upwards.
On the other hand, Sarantis and EYDAP are recording gains of just over 1%, while OTE, Quest, ADMIE, Biohalco, PPA, Terna Energy, Lambda, Hellenic Petroleum and ELHA are moving positively. Without change are Mytileneos, Ethniki and Titan.
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.