The third consecutive week of gains was completed today by the Athens Stock Exchange, which, although it showed inability to move with determination above 920 points, no one can overlook the fact that it has significantly improved its technical image and prospects for the course of April.
In particular, the general index closed with a fall of 0.57% at 918.96 points, while today it moved between 928.12 points (+ 0.42%) and 918.15 points (-0.65%). The turnover amounted to 71.77 million euros and the volume to 22.12 million units, while 3.24 million units were traded through pre-agreed transactions.
The index of high capitalization closed with a fall of 0.72%, at 2,227.50 points, while at -0.24% Mid Cap completed the trading at 1,553.46 points. The banking index closed with losses of 1.49% at 641.01 points.
On a weekly basis, the general index closed with an increase of 1.40%, while the FTSE 25 strengthened by 1.37%. However, the banking index closed down 0.52%.
Maintain strength and balance
With five consecutive uptrends and one downtrend, the General Index continued to exceed 900 points while improving trading activity as the rise found more helpers on its way to the highs of the month, says M. Hatzidakis of Beta Securities. So far, April fully justifies its reputation as an “all-weather” rising month, recording gains of more than 4%.
The Greek market not only turned positive from the beginning of the year but outperforms other Western stock markets by showing a defensive stance even in days of pressure on European markets. The external mix of young people can be considered anything but supportive, with inflation figures bringing interest rate hikes earlier by central banks, while the war front after 50 days of hostilities shows no signs of easing while keeping energy costs high.
However, it seems that the Greek market has managed to convince a new audience of investors, many of them entered last year ‘s capital increases, with a different perspective and certainly stronger hands, drastically changing the behavior of the market. A satisfactory valuation of last year in profitability (3.3 billion euros) and increased dividends (1.7 billion euros so far), strong mobility on the front of acquisitions and mergers, as well as the expectation of an increase in the weighting of Greek shares in indices aimed at investors of significant specific weight.
Technical image
Technically, the General Index took a distance from the mobile medium of 200 days, confirming the phenomenon with a gentle escape. Both medium-term mobile instruments are now moving buying and the MACD has exceeded the undervalued levels at which it traded throughout March, strengthening the positive signs. At the same time, the oscillators leave room for a new uptrend.
The area of ​​943-940 units is considered crucial, where the downward gap of February 24 is observed, the day on which the military operations in Ukraine started. The approach of this area remains the main scenario of market movement in the coming weeks, the breakdown of which has, however, an increased degree of difficulty given the intensity of trade (163 million euros) observed during the downward movement of the General Index and which peaked with 276 million euros on 28/2.
However, the coming week is not conducive to intense emotions due to the limited number of meetings and the emergence of the “traditional Easter” seasonality of trading. Possibly a maintenance of the levels will explain the most probable scenario with the buyers having in this phase the first reason in the trend base being more selective in shares with high weight in the formation of the G. Index, concludes Mr. Hatzidakis.
Dashboard
On the board now, PPC recorded losses of 3.26% and Eurobank lost 3.08%, while Lambda, Alpha Bank, Terna Energy and ELHA followed with losses of more than 1%. IPTO, Jumbo, Motor Oil, Titan, Coca Cola, OTE, GEK Terna and PPA closed slightly lower.
On the other hand, Mytilineos and Ellactor closed with gains of 2.85% and 2.21% respectively, while Viohalco, Aegean and Quest increased by more than 1%. EYDAP, Hellenic Petroleum, Piraeus and Ethniki closed slightly higher. OPAP, Sarantis and PPA closed unchanged.
The correction in the Stock Exchange is controlled
The third consecutive week of gains was completed today by the Athens Stock Exchange, which, although it showed inability to move with determination above 920 points, no one can overlook the fact that it has significantly improved its technical image and prospects for the course of April.
In particular, the general index closed with a fall of 0.57% at 918.96 points, while today it moved between 928.12 points (+ 0.42%) and 918.15 points (-0.65%). The turnover amounted to 71.77 million euros and the volume to 22.12 million units, while 3.24 million units were traded through pre-agreed transactions.
The index of high capitalization closed with a fall of 0.72%, at 2,227.50 points, while at -0.24% Mid Cap completed the trading at 1,553.46 points. The banking index closed with losses of 1.49% at 641.01 points.
On a weekly basis, the general index closed with an increase of 1.40%, while the FTSE 25 strengthened by 1.37%. However, the banking index closed down 0.52%.
Maintain strength and balance
With five consecutive uptrends and one downtrend, the General Index continued to exceed 900 points while improving trading activity as the rise found more helpers on its way to the highs of the month, says M. Hatzidakis of Beta Securities. So far, April fully justifies its reputation as an “all-weather” rising month, recording gains of more than 4%.
The Greek market not only turned positive from the beginning of the year but outperforms other Western stock markets by showing a defensive stance even in days of pressure on European markets. The external mix of young people can be considered anything but supportive, with inflation figures bringing interest rate hikes earlier by central banks, while the war front after 50 days of hostilities shows no signs of easing while keeping energy costs high.
However, it seems that the Greek market has managed to convince a new audience of investors, many of them entered last year ‘s capital increases, with a different perspective and certainly stronger hands, drastically changing the behavior of the market. A satisfactory valuation of last year in profitability (3.3 billion euros) and increased dividends (1.7 billion euros so far), strong mobility on the front of acquisitions and mergers, as well as the expectation of an increase in the weighting of Greek shares in indices aimed at investors of significant specific weight.
Technical image
Technically, the General Index took a distance from the mobile medium of 200 days, confirming the phenomenon with a gentle escape. Both medium-term mobile instruments are now moving buying and the MACD has exceeded the undervalued levels at which it traded throughout March, strengthening the positive signs. At the same time, the oscillators leave room for a new uptrend.
The area of ​​943-940 units is considered crucial, where the downward gap of February 24 is observed, the day on which the military operations in Ukraine started. The approach of this area remains the main scenario of market movement in the coming weeks, the breakdown of which has, however, an increased degree of difficulty given the intensity of trade (163 million euros) observed during the downward movement of the General Index and which peaked with 276 million euros on 28/2.
However, the coming week is not conducive to intense emotions due to the limited number of meetings and the emergence of the “traditional Easter” seasonality of trading. Possibly a maintenance of the levels will explain the most probable scenario with the buyers having in this phase the first reason in the trend base being more selective in shares with high weight in the formation of the G. Index, concludes Mr. Hatzidakis.
Dashboard
On the board now, PPC recorded losses of 3.26% and Eurobank lost 3.08%, while Lambda, Alpha Bank, Terna Energy and ELHA followed with losses of more than 1%. IPTO, Jumbo, Motor Oil, Titan, Coca Cola, OTE, GEK Terna and PPA closed slightly lower.
On the other hand, Mytilineos and Ellactor closed with gains of 2.85% and 2.21% respectively, while Viohalco, Aegean and Quest increased by more than 1%. EYDAP, Hellenic Petroleum, Piraeus and Ethniki closed slightly higher. OPAP, Sarantis and PPA closed unchanged.
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.
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
Chavez denounces an attempt at a “judicial coup” as he is in danger of losing his immunity
Costa Rica’s President, Rodrigo Chavez, described a “attempt to judge a judicial coup” yesterday, as a “attempted judicial coup” to
Russian attack on a US factory in Ukraine – Trump said “not happy about it”
Donald Trump expressed his dissatisfaction with Russia’s attack on a US factory in Ukraine yesterday and, in general, to continue
Teenager woke up by artificial coma and returned home two months after a terrifying mountain accident
A California teenager, who had been put in an artificial coma after a 36 -meter fall, spoke publicly for the
Maduro denounces the US for “illegal and criminal” military movement against Venezuela
Venezuelan President Nicolas Maduro described yesterday, in an event dedicated to the “defense of national sovereignty and peace”, the development
The whole community has joined and organizes a 11 -year -old school dance who fell victim to bullying
A community in Lancassire joined its forces to offer a “real Cinderella” a “second chance for the dance” after being
White House acquires 10% of Intel through a new deal with Trump
Donald Trump announced on Friday that the United States will gain 10% in Intel (Intc.O) through an agreement with the
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
Chavez denounces an attempt at a “judicial coup” as he is in danger of losing his immunity
Russian attack on a US factory in Ukraine – Trump said “not happy about it”
Teenager woke up by artificial coma and returned home two months after a terrifying mountain accident
Maduro denounces the US for “illegal and criminal” military movement against Venezuela