Risk-free rise in the Stock Exchange

The rise in the Athens Stock Exchange is now stable, which although it wants to remain above 850 points, does not seem to be in the mood to climb to higher levels, for fear of international uncertainty.

In particular, the General Index records gains of 0.85% at 858.47 points, while the turnover is at 36 million euros and the volume at 14 million units. The FTSE 25 also recorded an increase of 0.89%, at 2,059.37 points, while the banking index recorded gains of 2.81% at 555.76 points.

The market will have to go through another international cape keeping even the levels that are closest to the safest waters of 900 units. Of course, analysts’ estimates are not only optimistic, as long as the General Index remains below 870 points, but the 850 points show some support for the time being.

Chances are it could turn to the positive scenario if international market pressures escalate, the European Central Bank clarifies its policy intentions and the performance of Greek GDP is not greatly affected by developments so far internationally. The GDP target set by most portfolios is for an increase of 3% to 3.5%, with the next period to have a first picture of the performance of the first quarter of the year.

At the same time, today the market image is positively shaped by the profits in the banking sector and Coca Cola, with OTE operating in reverse from yesterday’s performance. Yesterday it supported the General Index, with its strong rise, but today it is holding it back with the significant losses it records, causing reasonable questions in a shallow market like the Greek one.

On the board

On the board now, Eurobank and Alpha Bank record gains of 3.71% and 3.14% respectively, with NBG at + 2.12%. Over 1% is the increase in Coca Cola, Quest, PPA, Mytilineos, Terna Energy and Motor Oil.

Viohalko, Piraeus, ELHA, GEK Terna, IPTO, PPC and Ellaktor are moving slightly upwards, with EYDAP, Lambda and Titan unchanged. On the other hand, Sarantis, Aegean, OPAP and Jumbo record controlled losses, with Hellenic Petroleum at -1.76% and OTE at -3.06%.