The Athens Stock Exchange broke out today, which not only broke the difficult obstacle of 913 points, but managed to close with significant gains at the highest levels since the beginning of September, showing that it can move again close to the highs of the year, after several months of accumulation.
In particular, the General Index closed with gains of 1.59% at 921.26 points, while today it moved between 905.10 points (-0.19%) and 922.15 points (+ 1.69%). The turnover amounted to 81 million euros and the volume to 26.2 million units, while 2.6 million units were traded through pre-agreed transactions.
The high capitalization index closed with an increase of 1.32%, at 2,224.59 points, while at + 1.92% the Mid Cap completed the transactions at 1,490.81 points. The banking index closed with gains of 0.52% at 605.11 points.
The “trinity” of the rise
The scenarios for the performance of the energy and construction sector, as well as the positive analyzes after the successful completion of the PPC capital increase, gave food today to the “trinity” of PPC, Terna Energy and GEK Terna, which starred in its strong upward movement market. And their mini rally may have been fueled by various scenarios circulating in the energy sector, but which are refuted, however the “trinity” kept and extended its rise to the end.
It is undeniable that both the energy and construction sectors will play a leading role in the next five years, as much of the investment that will come with the help of the European Recovery Fund will be absorbed by them. After all, what was pointed out in the past by several domestic analysts was that the market had not fully assessed this prospect.
The technical image
The first goal of the long, that is, for the General Index to penetrate the wall of 911-914 points, was achieved. Now, as Fast Finance points out, its registration will give us a move to 930 points in the first phase and 960 points in the second. Also, the FTSE 25 successfully completed the siege of the level of 2,207-2,210 units, aiming at 2,243 and 2,315 units.
Of course, the 930 points that are the strong short-term price resistance are very likely to “fall” with the help of the banking index, which has now taken on the role of market leader, apart from its current performance. However, its split presupposes a particularly intense trading volume and a greater participation of index securities in the rise.
On the dashboard
On the board now, PPC recorded a jump of 8.18%, with Terna Energy completing at + 6.48% and GEK Terna at + 5.70%. Sarantis strengthened by 3.26%, with HELEX, Titan and IPTO closing with an increase that exceeded 2%. Profits in Lambda, Jumbo, Ethniki, EYDAP, Hellenic Petroleum and ELHA were over 1%.
Mytilineos, OTE, Piraeus, Alpha Bank, Coca Cola and Ellaktor closed slightly lower, with OPAP and Viohalko closing unchanged. On the other hand, Eurobank and PPA recorded small losses, with Aegean closing at -1.16% and Motor Oil at -1.21%.