LAST UPDATE: 12.04
The Athens Stock Exchange did not last even a few hours to recover the 870 points of the Athens Stock Exchange, which is moving marginally upwards, but with a moderate turnover, having its eyes on the international markets as well.
In particular, the General Index records gains of 0.14% at 861.30 points, while the turnover is at 15 million euros and the volume at 7 million units. The FTSE 25 also increased by 0.17%, to 2,071.53 points, while the banking index lost 0.17% to 562.36 points.
Second consecutive meeting that the ATHEX tried to move away from the levels of 850 points and break the resistance of 870 points, but the task does not seem to be very easy, considering the previous failed attempts to break the resistance. But according to Ilias Zacharakis of Fast Finance, the market is trying to stabilize, while we are approaching the completion of the rebalancing of MSCI, which will essentially clear the picture.
Technically, the level of 843 units was rescued once again, which if it had been split would have paved the way for 820 units, with a move to 900 units being possible. Clearly, however, the band of 868-875 points, which is the close resistance, must be broken. In the FTSE 25, the 2,025 units withstood once again, with 2,106 units being the main resistance. For the banking, 577 points are the resistance and 530 are the strong support.
According to Beta Securities, from mid-April, however, there is a repetition of a downward zigzag pattern which has called into question all the upward reactions that have preceded. If we assume that the Market has been accumulating since the beginning of May, then the main issue is not to pay prices below the previous week’s lows. Then we will be able to talk about improving the technical conditions and a reaction with more remarkable upward specifications.
Dashboard
On the board now, OTE supports with the + 3.04% it records, as well as GEK Terna, Terna Energy and Ethniki with their more than 1% profits. IPTO, EYDAP, Viochalko, Mytilineos, Ellactor and OPAP are moving slightly upwards.
On the other hand, Lambda loses 2.02%, with Piraeus, Coca Cola, Motor Oil and ELHA following with losses of more than 1%. Quest, Eurobank, Darantis, PPC, Hellenic Petroleum, Alpha Bank, Aegean, Titan, Jumbo and PPA are moving slightly down.
Shares on the Stock Exchange
LAST UPDATE: 12.04
The Athens Stock Exchange did not last even a few hours to recover the 870 points of the Athens Stock Exchange, which is moving marginally upwards, but with a moderate turnover, having its eyes on the international markets as well.
In particular, the General Index records gains of 0.14% at 861.30 points, while the turnover is at 15 million euros and the volume at 7 million units. The FTSE 25 also increased by 0.17%, to 2,071.53 points, while the banking index lost 0.17% to 562.36 points.
Second consecutive meeting that the ATHEX tried to move away from the levels of 850 points and break the resistance of 870 points, but the task does not seem to be very easy, considering the previous failed attempts to break the resistance. But according to Ilias Zacharakis of Fast Finance, the market is trying to stabilize, while we are approaching the completion of the rebalancing of MSCI, which will essentially clear the picture.
Technically, the level of 843 units was rescued once again, which if it had been split would have paved the way for 820 units, with a move to 900 units being possible. Clearly, however, the band of 868-875 points, which is the close resistance, must be broken. In the FTSE 25, the 2,025 units withstood once again, with 2,106 units being the main resistance. For the banking, 577 points are the resistance and 530 are the strong support.
According to Beta Securities, from mid-April, however, there is a repetition of a downward zigzag pattern which has called into question all the upward reactions that have preceded. If we assume that the Market has been accumulating since the beginning of May, then the main issue is not to pay prices below the previous week’s lows. Then we will be able to talk about improving the technical conditions and a reaction with more remarkable upward specifications.
Dashboard
On the board now, OTE supports with the + 3.04% it records, as well as GEK Terna, Terna Energy and Ethniki with their more than 1% profits. IPTO, EYDAP, Viochalko, Mytilineos, Ellactor and OPAP are moving slightly upwards.
On the other hand, Lambda loses 2.02%, with Piraeus, Coca Cola, Motor Oil and ELHA following with losses of more than 1%. Quest, Eurobank, Darantis, PPC, Hellenic Petroleum, Alpha Bank, Aegean, Titan, Jumbo and PPA are moving slightly down.
Source: Capital
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.
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