Stock market: The climb to 930 points is difficult

of Alexandra Tombra

The Athens Stock Exchange is making a new attempt today to recover the difficult close resistance of 930 points, which is accepting the positive influences from the international climate in order to make up for part of the weekly losses.

In particular, the General Index records gains of 0.62% at 930.80 points, while the turnover is at 7 million euros and the volume at 1.5 million units. The FTSE 25 also recorded an increase of 0.54%, to 2,256.58 points, while the banking index gained 1.02% to 658.95 points.

The ATHEX is trying to improve the picture of the last week of April, although the performance of the month remains more than encouraging. We must not forget that in April the general index regained some of the profits of the year, which it had lost in the difficult month of March, when it made the big dive due to concerns about the war between Russia and Ukraine.

However, the last week of April already deprives the general index of 2%, with the ATHEX being affected by the difficult five days that existed in international markets. It was, after all, a five-day period that the ATHEX was affected by the climate in Europe and Wall Street, after three weeks of autonomous course. Technically the market has found itself at a significant level in the 930 zone looking for an opportunity to change level and test its highs. On the other hand, it has the burdens of foreign markets, fearing a greater correction on their part.

In any case, the April report can only be considered positive, given that the mix of young people internationally can be considered anything but supportive. High inflation rates, which are driven earlier by central bank interest rate hikes, but also the energy front shifting to a huge impact on all of Europe’s economies, are the two major concerns and deterrents for foreign buyers. .

On the board

On the board now, Quest is gaining 2.25%, with PPC, Eurobank, Alpha Bank and Ethniki following with gains of more than 1%. Coca Cola, Viohalko, Titan, Mytilineos, ELHA, IPTO, Lambda, Piraeus and OTE are moving slightly upwards.

On the other hand, in negative areas are Sarantis, PPA, Motor Oil, Jumbo, Terna Energy, Ellactor and OPAP, while GEK Terna and Aegean are unchanged.