of Alexandra Tombra
The Athens Stock Exchange is currently moving around 870 points, which with the help of the banking sector, but also of the latest decisions of Morgan Stanley for its indices, manifests the reaction that was needed for so many days.
In particular, the General Index records gains of 2.90% at 871.02 points, while the turnover is at 63 million euros and the volume at 20 million units. The FTSE 25 also recorded an increase of 3.12%, to 2,095.29 points, while the banking index gained 4.45% to 570.75 points.
The market, after avoiding the loss of 840 units, should strengthen its presence above 866.75 units, which was the closing of last week. Only in this way, according to Apostolos Manthos, could we say that the General Index is going for an upward retracement to the level of 885 points.
The entry of Ethniki and Mytilineos in the MSCI Greece index improves the short-term picture of the market. In the long-term analysis, now, of the General Index through the monthly price chart, what stands out is nothing more than the resilience of the upward trend despite the fact of the continuing and tedious impossibility of permeability of 950 points. Serious negative signs are not received even by the technical oscillator Commodity Channel Index (CCI) of 34 months, as it remains positive and above 30 points.
Of course, all the above can be undone if the risk in international markets remains increased, with the aversion of foreign portfolios affecting Athens Avenue. The image of the banking sector will also be crucial, which on the one hand is negatively affected by the reduction of estimates for economic growth, but on the other hand, is expected to be favored by the interest rate hikes that the ECB will launch, possibly by the July.
On the board
On the board now, Ethniki is gaining 6.44%, with Terna Energy and Eurobank following with an increase of 5.24% and 5.16% respectively. Over 4% are the profits in Jumbo, Coca Cola, Motor Oil and Mytilineos and over 3% in Aegean and Sarantis.
Over 2% is the increase in Lambda, Alpha Bank, Viohalko, Piraeus, GEK Terna, Titan and Quest, and over 1% in PPC, OTE, PPA and ELHA. OPAP, IPTO and Ellactor are moving slightly upwards, while EYDAP and Hellenic Petroleum are moving slightly downwards.
Stock market: With a jump of 870 points
of Alexandra Tombra
The Athens Stock Exchange is currently moving around 870 points, which with the help of the banking sector, but also of the latest decisions of Morgan Stanley for its indices, manifests the reaction that was needed for so many days.
In particular, the General Index records gains of 2.90% at 871.02 points, while the turnover is at 63 million euros and the volume at 20 million units. The FTSE 25 also recorded an increase of 3.12%, to 2,095.29 points, while the banking index gained 4.45% to 570.75 points.
The market, after avoiding the loss of 840 units, should strengthen its presence above 866.75 units, which was the closing of last week. Only in this way, according to Apostolos Manthos, could we say that the General Index is going for an upward retracement to the level of 885 points.
The entry of Ethniki and Mytilineos in the MSCI Greece index improves the short-term picture of the market. In the long-term analysis, now, of the General Index through the monthly price chart, what stands out is nothing more than the resilience of the upward trend despite the fact of the continuing and tedious impossibility of permeability of 950 points. Serious negative signs are not received even by the technical oscillator Commodity Channel Index (CCI) of 34 months, as it remains positive and above 30 points.
Of course, all the above can be undone if the risk in international markets remains increased, with the aversion of foreign portfolios affecting Athens Avenue. The image of the banking sector will also be crucial, which on the one hand is negatively affected by the reduction of estimates for economic growth, but on the other hand, is expected to be favored by the interest rate hikes that the ECB will launch, possibly by the July.
On the board
On the board now, Ethniki is gaining 6.44%, with Terna Energy and Eurobank following with an increase of 5.24% and 5.16% respectively. Over 4% are the profits in Jumbo, Coca Cola, Motor Oil and Mytilineos and over 3% in Aegean and Sarantis.
Over 2% is the increase in Lambda, Alpha Bank, Viohalko, Piraeus, GEK Terna, Titan and Quest, and over 1% in PPC, OTE, PPA and ELHA. OPAP, IPTO and Ellactor are moving slightly upwards, while EYDAP and Hellenic Petroleum are moving slightly downwards.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
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