Stabilizing trends in the Stock Exchange

The Athens Stock Exchange is currently moving in the zone of 890 – 900 points, which, however, follows the caution of the European markets in view of tomorrow’s meeting of the European Central Bank.

In particular, the General Index records gains of 0.17% at 893.32 points, while the turnover is at 4 million euros and the volume at 2.5 million units. The FTSE 25 also recorded an increase of 0.20%, to 2,162.08 points, while the banking index gained 0.08% to 607.04 points.

The ATHEX remains in the zone of lateral movement of the last period, with the resistance of 900 points in the General Index becomes annoyingly insurmountable, according to Petros Steriotis, in a calendar situation where trading activity is expected to decrease in the midst of breaks for institutional management. .

According to him, after the high volatility of the previous quarter, which offered significant opportunities for “emptying” and “filling”, the rotation remains profitable given the positive deviation of selected securities. After all, many stocks are trading at their historical highs or highs of a decade and with a General Index price of over 1000 units.

The increase in government borrowing rates by more than two percentage points compared to the beginning of the year, which more closely reflects the international bond market and the reduction of the ECB’s balance sheet, creates potential challenges for the country’s budget. In the “tug of war” of the bond price are the expectation of acquiring a state investment grade but also the diagrammatic supports of the 2020 price.

Dashboard

On the board now, GEK Terna and Sarantis record gains of 2.52% and 2.10% respectively, with Terna Energy and OTE following with + 1.41% and + 1.15%. Eurobank, Coca Cola, Quest, ELHA and OPAP are moving slightly upwards.

On the other hand, Jumbo, Piraeus and Viohalko lost more than 1%, while Aegean, Ethniki, EYDAP, Titan, Alpha Bank, Motor Oil and PPA are moving slightly down. Unchanged are Lambda, Mytilineos, IPTO and Ellactor.