Stock market: The rise is maintained

The Athens Stock Exchange is currently moving steadily on positive ground, which, although not moving towards 900 points, maintains their upward rhythm with a low turnover.

In particular, the General Index records gains of 0.25% at 895.16 points, while the turnover is at 22.5 million euros and the volume at 9.1 million units. The FTSE 25 also recorded an increase of 0.28%, to 2,152.45 points, while the banking index gained 0.21% to 578.96 points.

The foreign portfolios are now located behind Athens Avenue and this can only be reflected in the trading activity of the market. Not that the picture was better before the end of November, however there were some trading outbursts that kept the market interested.

In such an environment, of course, the range is very narrow, with moves very targeted at titles that either have “pending” until the end of the year, or offer attractive points for trading and placement. And all this while investors are still weighing whether and to what extent the risk has passed from the Omicron variant of Covid 19.

Lost. Expectations

However, with regard to the 15 sessions remaining until the end of 2021, the market seems to be holding a small basket on whether the General Index can confirm the optimists’ expectations for a six-year high. That is, to cross the 950 points, which are the big milestone that will show that the market leaves the crisis behind for good and enters a more sustainable growth trajectory.

Expectations are low, however, as is the estimate that the year will end and the General Index will leave behind the next stop at 927 points. After all, unless some new data is added to the prospects of the pandemic and the policy of the central banks, the swamp of 8-month accumulation will hardly be overcome.

On the board

On the board now, ELHA, Hellenic Petroleum, Piraeus, OTE and Motor Oil record profits in excess of 1%, while Alpha Bank, Titan, HELEX, OPAP, Terna Energy, Ellactor, PPC and EYDAP move slightly higher.

On the other hand, Ethniki, Aegean, Viohalko, Mytilineos, Jumbo, Coca Cola, Sarantis, Eurobank, PPA, IPTO and Lambda are moving slightly downwards, while GEK Terna has not changed.