Reset to 950 points for the Stock Exchange

Looking at Eastern Europe, but also with the “confidence” of a better-than-expected performance in yesterday’s session, the Athens stock market is moving today with small gains, approaching the zone of 950 points.

In particular, the General Index records gains of 0.69% at 950.96 points, while the turnover is at 2.8 million euros and the volume at 1.1 million units. The FTSE 25 also recorded an increase of 0.70%, to 2,325.85 points, while the banking index gained 1.08% to 726.79 points.

The ATHEX may have disappointed many, mainly domestic, investors in recent years, but since the beginning of the year it has “transformed” into a mature market, with strong defenses against an international environment that can only be described as normal. And the argument of caution may still be rich, but the performance in just two months negates several of the “accusations” that can be made against Athens Avenue.

That is why the sign of the certified analyst Petros Steriotis that the ATHEX has behaved very coolly in any “imported” liquidation trends, as shown by both the intraday volatility and the depth of the individual corrective moves, is in agreement with several domestic analysts. After all, at the international level, “safe haven investment” markets, such as G-7 government bonds and precious metals (gold, silver, palladium, platinum), receive increased capital inflows, and the ATHEX can never to fall into this category.

Of course, what Petros Steriotis points out is that geopolitics may postpone the moves of the Central Banks to tighten monetary policy. Until we see this, however, we must first see signs of a slowdown in economic activity, especially in the large economies of the Eurozone. Of course, in Greece the economy has gained some speed, as most foreign analysts have noted, with the latter being Fitch, which upgraded systemic banks, and Goldman Sachs, which raised their target prices.

On the board

On the board now, Hellenic Petroleum records gains of 2.24%, with Piraeus, Alpha Bank, Sarantis, Titan, Ethniki, PPC, Quest and ELHA following with an increase of more than 1%.

Viohalko, EYDAP, GEK Terna, OTE, Eurobank, Terna Energeiaki, Mytilineos, PPA, Ellaktor, Lambda, Jumbo, OPAP and Aegean are moving slightly upwards, while the decline, on the other hand, to Coca-CoA is marginal.