Pressures are increasing on the Stock Exchange

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With Coca Cola being the negative protagonist, the Athens Stock Exchange is under more pressure at this time, again heading towards 862 units, but in the midst of significantly low turnover.

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In particular, the General Index recorded losses of 0.59% at 862.35 points, while the turnover is at 9 million euros and the volume at 4.3 million pieces. The FTSE 25 also fell by 0.78%, at 2,080.54 points, while the banking index lost 0.98% at 550.61 points.

Pressures are increasing on the Stock Exchange

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Although it tried to stay close to, or even in contact with, the 870 units, in the end the General Index succumbs to the pressures primarily of Coca Cola and secondarily of Alpha Bank and PPC. In fact, the pressures have intensified as the market tracks political developments, which have grown in importance in the absence of other major catalysts that could give a clearer indication of its trend.

But what domestic analysts are keeping is that the General Index cannot hold the 200-day moving average, which it captured in Wednesday’s auctions, ultimately maintaining the negative sentiment in the short-term as well. Of course, expectations were low given the seasonality, low turnover and the fragile international environment, but hopes are always raised by the longs.

Expectations that are not unfounded if one considers that the estimates for the performance of the Greek economy remain positive, despite the international uncertainty. After all, every day there are positive analyzes from foreigners about Greece, with Wood today hastening to describe the economy as a champion of growth this year, placing the growth of the Greek GDP at 6%, with “guide” the excellent performance of tourism, the funds flowing in from the E.U. and the thematic, as he characterizes it, course of foreign direct investments.

On the dashboard

On the board now, Coca Cola and Alpha Bank record losses of 2.50% and 2.04% respectively, while over 1% is the fall in PPC, OPAP and Aegean. Piraeus, Sarantis, Lambda, GEK Terna, Ethniki, Eurobank, Jumbo, Mytileneos and Hellenic Petroleum are moving slightly lower.

On the other hand, OTE and Biohalco, with +1.20% and +1.13% respectively, are trying to provide some support, while PPA, Quest, Ellaktor, ELHA, ADMIE, EYDAP and Motor Oil are moving slightly upwards. . Titan and Terna Energy are unchanged.

Source: Capital

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