Stock market: Small profits around 960 points

of Alexandra Tombra

The Athens Stock Exchange is moving cautiously today, which after the correction last week is trying to stabilize above 960 points, but without losing the developments on the border of Ukraine with Russia.

In particular, the General Index records gains of 0.60% at 961.50 points, while the turnover is at 7.3 million euros and the volume at 3.7 million units. The FTSE 25 also rose 0.62% to 2,352.48 points, while the banking index gained 1.39% to 739.10 points.

The ATHEX may have been satisfied with its performance in another “crisis” that has upset international markets in the last two months, but this does not mean that developments on the Ukrainian border and Russia-West relations have not monopolized interest in L Athens. And due to the nature of the developments, with contradictory statements and behind-the-scenes consultations, the climate is not expected to normalize soon. At the same time, today ‘s holiday in the US will also affect the climate on the ATHEX, as several orders are appearing on the other side of the Atlantic.

However, as reported by Elias Zacharakis of Fast Finance, we are in the rare phase where the Greek market essentially maintains its good technical image, while other foreign markets make an effort to maintain their recent lows. We may not see outflows, since Greece is still hot, however it is quite possible if foreigners do not manage to stop sales and the old lows to try lower prices. In case the foreigners manage to react again, it seems that we are the first choice, according to him.

However, the most probable scenario this week is to maintain a waiting attitude towards the consultations between Russia and the USA, while from tomorrow, Tuesday, the flow of Greek corporate results for the last quarter of 2021 will gradually begin. The companies show that in the medium term will increase their sizes having shown several times which industries have the best prospects.