Stock Exchange: Buyers stopped at 900 points

of Alexandra Tombra

The Athens Stock Exchange took another step closer to the complete reversal of the negative climate that formed in May, which, with the help of the majority of its securities, took a breather from 900 points.

In particular, the general index closed with an increase of 1.04% to 899.97 points, while today it moved between 903.80 points (+ 1.47%) and 892.55 points (+ 0.21%). The turnover amounted to 95.08 million euros and the volume to 35.85 thousand units, while 4.57 million units were traded through pre-agreed transactions.

The index of high capitalization closed with an increase of 1.26%, at 2,184.14 points, while at -0.09% Mid Cap completed the transactions at 1,409.82 points. The banking index closed with gains of 0.78% at 616.25 points.

The increase in turnover today is also linked to the number of packages distributed. It is worth mentioning the activity in Avax with packages worth 2.5 million units and corresponds to 1.7% of the total shares. Also, in OPAP with a package of 250 thousand pieces worth 3.56 million euros.

June right

June may have started well for the ATHEX, which tried for the second time in a week to reach 900 points, but the challenges are great. The bet is that the general index will close positively in the first half of the year, which will mean a closure of over 893 points.

An ally in this bet should be the banking sector, without which it will be difficult to gain this lead, in an environment particularly difficult for the long. The banking sector itself, however, seems to be more “comfortable” in closing the semester positively, as it trades almost 40 points above the closing of 2021.

However, the ATHEX is waiting to see how the Greek economy will be affected by the clouds that have gathered over the world economy and what will be the reaction of those in charge to the multitude of challenges. And what it sees is that central banks have now taken sole responsibility for controlling the unprecedented inflation tsunami that affects most economies, and they need to be just as careful not to stunt growth.

In this context, the focus is now on the meeting of the European Central Bank next week, when it will be called to respond to the record inflation of the Eurozone. A major problem facing the Greek economy, and is beginning to appear in the investment options of Athens Avenue. Thus, the decisions to tighten the ECB policy, but mainly its timetable, are expected, according to analysts, to be the catalyst for the ATHEX in the near future.

On the board

On the board now, Motor Oil and Hellenic Petroleum closed with gains of 4.76% and 4.08% respectively, with OPAP gaining 3.38% and EYDAP closing at + 2.82%. Over 1% was the increase in OTE, Ethniki, Mytilineos, Terna Energy, Eurobank and Quest.

PPC, Ellactor, Jumbo, Aegean, Viohalko and Coca Cola closed slightly higher, with GEK Terna and Piraeus closing unchanged. On the other hand, Alpha Bank, PPA, Titan and ELHA closed slightly lower, with Sarantis and IPTO recording losses of more than 1%. Lambda closed at -2.59%.