The balance in the Stock Exchange is on a thin thread

The Athens Stock Exchange is stabilizing today, with the low trading activity testifying that the market is waiting for signals from the international markets, especially on the inflation data front.

In particular, the General Index registers gains of 0.06% at 795.11 points, while the turnover is at 2.9 million euros and the volume at 1.5 million pieces. The FTSE 25 also recorded a gain of 0.07%, at 1,899.94 points, while the banking index fell 0.86% at 461.00 points.

The eyes of the whole world today are on the data on inflation, especially in the USA, which will judge the course that will be followed by the monetary tightening of the central banks. The nervousness is evident, with the ASE unable to differentiate itself from this climate, even if it has the index-heavy OTE and Coca Cola as important supports.

The General Index is expected to make a technical attempt to find its “walk”, with buyers “hanging” on the diagrammatic support offered by the current one-plus-year low and with the daily oscillators stagnating at “oversold” levels , comments the certified analyst, Petros Steriotis. On the other hand, the electioneering, the Greek-Turkish, the precision and the risk of fragmentation of the pan-European bond markets are affecting the investment expectations in the already “sensitive” AX, he added.

Technically, 780 points is the most important zone at the moment for the General Index, which should be guarded in case there is some turbulence in the international markets. So far, there are several signs of a reaction, with the first yet confirmed signal being at 806 units. As long as the level of 788 units at the end of the month is maintained, the market has strength, however according to the technical analysts.

On the dashboard

On the board now, Piraeus is losing 2.94%, with Biochalco, ELHA, Lambda, Ethniki and Alpha Bank following with losses of more than 1%. Titan, Aegean, EYDAP, Motor Oil, Eurobank, PPA, Hellenic Petroleum, Quest and GEK Terna are slightly down.

On the contrary, OTE gains 1.37%, with Coca Cola, Terna Energy, Jumbo, PPC, ADMIE and OPAP also in positive territory. Sarantis and Ellactor are unchanged.