The Athens Stock Exchange jumped over 860 points

Strong is the upward movement recorded by the Athens Stock Exchange, which begins in August with the banking sector on its side and a driver to break through the 200-day moving average.

In particular, the General Index registers gains of 1.58% at 864.46 units, while the turnover is at 26.4 million euros and the volume at 13.2 million pieces. An increase of 1.88% is recorded by the FTSE 25, at 2,088.72 points, while the banking index registers gains of 4.89% at 546.60 points.

Although August is a month characterized by low trading activity, it has nevertheless made its surprises several times. The beginning of the month brings the general index to the zone of the 200-day moving average, namely at 866 points, the upward breakdown of which may also bring a change in the trend in the medium term, so that the market sees the 900 points milestone with greater claims.

It is a given that although the Greek stock market is affected by foreign markets, it appears more defensive in the fall. What remains, however, is to follow a more diversified trend, as everything shows that the Greek economy does not have to fear to the same extent as the others in the Eurozone.

Technically, the general index closes the gap to 862 points in the first phase, with a reservation bringing it to the critical zone of 866 points. A reservation alone can immediately give a continuation of the movement in the zone of 880 units. The FTSE 25 is approaching the first very important target of 2,090 points which needs the necessary attention. Only vesting could immediately give a continuation with 2,140 units being the next level. The zone of 2,004-2,014 units is our close support. The banker is clearly left behind and can take the baton of the movement and give the movement together, as we are used to. 570 units is the essential target with 514 units being support.

Dashboard

On the board now, Alpha Bank, Titan and Eurobank stand out with their gains of more than 5%, with National Bank at +4.59%. Above 3% is the increase in Piraeus and PPC and above 2% in ADMIE, ELHA and Biochalco.

Profits in Terna Energy, Hellenic Petroleum and Lambda exceed 1%, while PPA, GEK Terna, Mytileneos, Aegean, OTE, Ellactor, OPAP and Motor Oil are slightly up. Quest and Sarantis are unchanged, while on the opposite side, Coca Cola, Jumbo and EYDAP are slightly down.