The Athens Stock Exchange is currently at the level of 930 points, which manages to raise its reaction rate, covering almost half of the lost ground of the previous fall.
In particular, the General Index records gains of 2.04% at 931.97 points, while the turnover is at 46.5 million euros and the volume at 18.1 million units. The FTSE 25 also recorded an increase of 2.27%, to 2,253.29 points, while the banking index gained 3.19% to 654.34 points.
The fall of the market since last Friday created as it seems attractive entry points for both new funds and the existing ones that want to improve the valuations of their positions. So today, a day when the international climate has improved significantly, the ATHEX reacts positively enough, even raising its turnover to levels that had moved to the big rise of the first two weeks of January.
Technically, the General Index should close the week above the level of 930 points, in order to cancel the scenario of the big correction. If it manages to rise above this support then it will have to face the resistance of 959 points, the breakdown of which will continue at 980 points.
In this pattern, however, the banking sector is expected to play a decisive role, not only because it has lagged behind in the recovery, as it should have been at current levels of the General Index, but also because of the prospect of tightening the monetary policy of the European Central Bank. Bank and after the Heraklion feat of clearing balance sheets, has clearly improved visibility. Technically, the sector must break through 659 units, a resistance whose breakdown can continue.
If the scenario of higher levels in the banking sector is confirmed, it will result in the release of funds that can give feedback to other securities. And the spread of upward movement is usually a sign of the health of an upward market in the long run.
On the board
On the board now, Ethniki, Piraeus and OPAP are gaining more than 4%, with PPC and Alpha Bank at + 3.67% and + 3.19% respectively. Over 2% is the increase in Viohalko, ELHA, Terna Energy, OTE, Mytilineos and Aegean.
Profits in Motor Oil, Eurobank, Sarantis, PPA, EYDAP, GEK Terna, IPTO and Lambda exceed 1%, while Jumbo, Titan and Hellenic Petroleum are moving slightly higher. Quest is unchanged, with Coca Cola losing 0.57% and Ellactor at -2%.
Strong rise with increased turnover on the Stock Exchange
The Athens Stock Exchange is currently at the level of 930 points, which manages to raise its reaction rate, covering almost half of the lost ground of the previous fall.
In particular, the General Index records gains of 2.04% at 931.97 points, while the turnover is at 46.5 million euros and the volume at 18.1 million units. The FTSE 25 also recorded an increase of 2.27%, to 2,253.29 points, while the banking index gained 3.19% to 654.34 points.
The fall of the market since last Friday created as it seems attractive entry points for both new funds and the existing ones that want to improve the valuations of their positions. So today, a day when the international climate has improved significantly, the ATHEX reacts positively enough, even raising its turnover to levels that had moved to the big rise of the first two weeks of January.
Technically, the General Index should close the week above the level of 930 points, in order to cancel the scenario of the big correction. If it manages to rise above this support then it will have to face the resistance of 959 points, the breakdown of which will continue at 980 points.
In this pattern, however, the banking sector is expected to play a decisive role, not only because it has lagged behind in the recovery, as it should have been at current levels of the General Index, but also because of the prospect of tightening the monetary policy of the European Central Bank. Bank and after the Heraklion feat of clearing balance sheets, has clearly improved visibility. Technically, the sector must break through 659 units, a resistance whose breakdown can continue.
If the scenario of higher levels in the banking sector is confirmed, it will result in the release of funds that can give feedback to other securities. And the spread of upward movement is usually a sign of the health of an upward market in the long run.
On the board
On the board now, Ethniki, Piraeus and OPAP are gaining more than 4%, with PPC and Alpha Bank at + 3.67% and + 3.19% respectively. Over 2% is the increase in Viohalko, ELHA, Terna Energy, OTE, Mytilineos and Aegean.
Profits in Motor Oil, Eurobank, Sarantis, PPA, EYDAP, GEK Terna, IPTO and Lambda exceed 1%, while Jumbo, Titan and Hellenic Petroleum are moving slightly higher. Quest is unchanged, with Coca Cola losing 0.57% and Ellactor at -2%.
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.
You may also like
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
The Beauty and Personal Care products company, which was established by a group of young people in Florida State of
Garlasco, here’s what the supertestimone to the Hyenas said
The Supertestimone of the murder of Garlasco is no longer anonymous, Chiara Poggi’s killing on August 13, 2007. He decided
The RBNZ is expected to lower interest rates amid concerns about economic growth and US tariffs.
The New Zealand bank reservation is expected to cut the interest rate at 25 basic points up to 3.25% on
Will not ask for a death penalty for El Chapo’s son US authorities
The US authorities will not call for the death penalty on Joaquin Gusman Lopes – son of the imprisoned Mexican
Olgin Kuyar’s goal in Cyprus is to achieve results by the end of July, UN spokesman said
The contacts of the Cyprus Secretary General Maria Achela Olgin Kuyarar, the UN Secretary -General, Stefan Douzarick, reported in Cyprus
The ‘two states’ solution is threatened more than ever, according to French diplomacy
The two states for Israel and the Palestinians is “more threatened than ever” and “complete and complete normalization of relations
“Instant Loss of Control,” Netanyahu says about panic scenes when distributing food to Palestinians in Gaza
Benjamin Netanyahu acknowledged “an instant loss of control” at a new humanitarian aid distribution center in the Gaza Strip, a
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
Garlasco, here’s what the supertestimone to the Hyenas said
The RBNZ is expected to lower interest rates amid concerns about economic growth and US tariffs.
Will not ask for a death penalty for El Chapo’s son US authorities
Olgin Kuyar’s goal in Cyprus is to achieve results by the end of July, UN spokesman said