Stock market pressures under control

of Alexandra Tombra

The Athens stock market is moving in the same pattern of mild fluctuations until now, which cannot be differentiated from the attitude of waiting that prevails worldwide ahead of the Federal Reserve meeting.

In particular, the General Index recorded losses of 0.12% at 827.90 points, while the turnover is at 13.3 million euros and the volume at 3.9 million pieces. The FTSE 25 also registered a fall of 0.21%, at 1,985.65 points, while the banking index lost 0.23% at 493.49 points.

The ASE cannot mobilize large orders while the whole planet is waiting for the decisions of the Federal Reserve on its monetary policy. Since yesterday, the tone has been set by the mood in the international markets, with buyers intervening only in the event that the market tends to lose levels.

Of course, the supports of the general index are far from the current levels, as they are at 810 units, however it is important to give the message that it can hold the levels, so that in the event of an upward reaction, the market is closer to the next target, the which is none other than 850 units.

However, expectations for the positive scenario are not high, not only because of the impact of the Fed’s decisions, but because of seasonality. Let’s not forget that we are in the last week of July, which means we are in the heart of the summer rush. And seasonality may keep interest low for big swings in the event of international turmoil, but it won’t provide the impetus the market needs to continue the positive momentum of recent days.

On the dashboard

On the board now, the losses in Jumbo, Motor Oil and Ethniki exceed 1%, while Terna Energy, Hellenic Petroleum, GEK Terna, OTE, Piraeus, ADMIE, EYDAP, OPAP, PPA and PPC are slightly down.

On the contrary, Aegean gains 3.08%, with Lambda at +1.75%. Alpha Bank, Coca Cola, Quest, Viochalko, Titan and Mytileneos move slightly upwards, while Ellactor, ELHA and Sarantis have no change.