Stabilization, packages and shared signs prevailed in the Stock Exchange

The Athens Stock Exchange remained at the level of 960 points today, as it failed to keep its dynamic start to 970 points, under the weight of the resumption of concerns about geopolitical developments on the Russian-Ukrainian border.

In particular, the General Index closed with gains of 0.18% at 963.60 points, while it moved between 960.55 points (-0.14%) and 973.27 points (+ 1.19%). The turnover amounted to 95.7 million euros and the volume to 43.3 million units, while 16.8 million units (28.8 million euros) were traded through pre-agreed transactions.

The high capitalization index closed with an increase of 0.23%, at 2,359.84 points, while at + 0.90% the Mid Cap completed the transactions at 1,606.32 points. The banking index closed with gains of 0.59% at 741.28 points.

The increase in turnover through the pre-agreed transactions also caused a sensation, with most of the packages being traded on bank shares. Thus, with more than 16.8 million units moving through packages, we see the market making strategic moves that can act in the near future as embankments in external turmoil. And this is expected to be confirmed several times in the next period.

Of course, developments in the economy will also play a role in preventing the negative scenario and confirming the positive one, as yesterday’s announcements of ELSTAT confirmed the fears of rising inflation in our country, with energy and food price increases affecting the available purchasing power. household income and raise the cost of doing business for listed companies in the secondary sector of the economy. At a time when the ECB is gradually opening the debate on raising interest rates, the decline in purchasing power combined with the more expensive “money” is expected to hinder the further recovery of the Greek economy, also points out the certified analyst, Petros Steriotis.

Resistance to turbulence

However, in addition to the loss of the upward momentum today, it is obvious that the Stock Exchange still seems to be resilient to international turmoil. But it needs a smoother international environment to be able to test its strengths at levels it has not seen in seven years. The assimilation of levels above 950 units is currently the priority, in order to climb higher levels to become smoother.

Of course, this does not mean that the stock market is deprived of the positive trend that prevails over time. The catalysts are well known and belatedly evaluated on Athens Avenue, with the big risk being whether they can be implemented in a difficult international environment, such as the one prevailing with the central bank and Ukrainian fronts being open in several scenarios.

So what most domestic analysts point out is that the Stock Exchange should continue the small and steady steps, as is the case, with any moves to new levels accompanied by high turnover. After all, the trading “breaks” are in the “program” of an upward movement of duration, as we see the Stock Exchange doing from time to time.

On the board

On the board now, Mytilineos with + 1.62% and Eurobank with + 1.33% that they recorded supported the market, as well as PPC, IPTO, Ethniki, Aegean, OTE, Jumbo, Alpha Bank, Quest, PPA and Hellenic Petroleum which closed with a slight rise.

On the other hand, ELHA closed at -1.29% and Motor Oil at -1.06%, with Piraeus, GEK Terna, Sarantis, Lambda, OPAP, Coca Cola, EYDAP, Ellaktor, Terna Energy and Viohalko following controlled losses. Titan closed unchanged.