LAST UPDATE: 15:35
The Athens Stock Exchange is now moving with significant losses, which not only lost its morning gains, but is now struggling to remain in the zone of 950 points, facing the caution fueled by geopolitical developments in Ukraine.
In particular, the General Index records losses of 0.77% at 948.58 points, while the turnover is at 36.2 million euros and the volume at 15.4 million units. The FTSE 25 also fell 0.83% to 2,318.63 points, while the banking index lost 0.76% to 723.42 points.
The cautiousness was present on the stock market today, even when the General Index reached 964 points, especially when the clouds returned to the relations between Russia and the West and the new reluctance as to whether there will finally be a meeting between US President Joe Biden, and his Russian counterpart, Vladimir Putin. The same picture is shown by European indicators, as the Kremlin’s clarification that “there is nothing definite” at the time of the Biden-Putin meeting, mitigated the initial optimism that the news had brought.
Technical image
However, what most domestic analysts advocate is that the Stock Exchange will show some resilience so as not to lose its positive technical image. As Aenaon Markets’ Apostolos Manthos points out, the short-term chart analysis of the FTSE / ASE Large Cap high capitalization index shows that it is trying to move above the local peak it had in January 2020, at 2,371 points, just before the health outbreak crisis.
Here the index uses as a base of attack of buyers the area that extends from 2,320 to 2,300 units. As long as this level remains steady at the close of the day, the effort to confirm the drilling of 2,371 units and move to the next target of 2,440 units or a + 4.3% from the current price levels will intensify (the analysis was written last Thursday morning). ). The sponsor of the upward movement is the Fibonacci simple moving average of 21 days.
On the board
On the board now, losses in Coca Cola and Jumbo reach 2.30% and 1.16% respectively, while over 1% is the fall in Viohalko, Aegean, OPAP, Alpha Bank, IPTO, Ethniki and Saranti.
EYDAP, Mytilineos, PPA, Ellactor, Eurobank, GEK Terna, Hellenic Petroleum, Titan, OTE, Terna Energy and Lambda are moving slightly downwards, while Motor Oil, PPC, Piraeus and ELHA are moving slightly upwards. Quest gains 2.02%.
The geopolitical clouds in the Stock Exchange are increasing
LAST UPDATE: 15:35
The Athens Stock Exchange is now moving with significant losses, which not only lost its morning gains, but is now struggling to remain in the zone of 950 points, facing the caution fueled by geopolitical developments in Ukraine.
In particular, the General Index records losses of 0.77% at 948.58 points, while the turnover is at 36.2 million euros and the volume at 15.4 million units. The FTSE 25 also fell 0.83% to 2,318.63 points, while the banking index lost 0.76% to 723.42 points.
The cautiousness was present on the stock market today, even when the General Index reached 964 points, especially when the clouds returned to the relations between Russia and the West and the new reluctance as to whether there will finally be a meeting between US President Joe Biden, and his Russian counterpart, Vladimir Putin. The same picture is shown by European indicators, as the Kremlin’s clarification that “there is nothing definite” at the time of the Biden-Putin meeting, mitigated the initial optimism that the news had brought.
Technical image
However, what most domestic analysts advocate is that the Stock Exchange will show some resilience so as not to lose its positive technical image. As Aenaon Markets’ Apostolos Manthos points out, the short-term chart analysis of the FTSE / ASE Large Cap high capitalization index shows that it is trying to move above the local peak it had in January 2020, at 2,371 points, just before the health outbreak crisis.
Here the index uses as a base of attack of buyers the area that extends from 2,320 to 2,300 units. As long as this level remains steady at the close of the day, the effort to confirm the drilling of 2,371 units and move to the next target of 2,440 units or a + 4.3% from the current price levels will intensify (the analysis was written last Thursday morning). ). The sponsor of the upward movement is the Fibonacci simple moving average of 21 days.
On the board
On the board now, losses in Coca Cola and Jumbo reach 2.30% and 1.16% respectively, while over 1% is the fall in Viohalko, Aegean, OPAP, Alpha Bank, IPTO, Ethniki and Saranti.
EYDAP, Mytilineos, PPA, Ellactor, Eurobank, GEK Terna, Hellenic Petroleum, Titan, OTE, Terna Energy and Lambda are moving slightly downwards, while Motor Oil, PPC, Piraeus and ELHA are moving slightly upwards. Quest gains 2.02%.
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
Hurricane Katziki is threateningly approaching Vietnam – causes waves of up to 9.5 meters high
Hundreds of thousands of residents are in the process of being rushed today from seaside areas of Vietnam, as Hurricane
The arrest photo of immigrant made viral for all the wrong reasons
A photo of arrest by the US Ice Service (Ice) in the US has gone viral for an unexpected reason,
Unrest in Menendez Case: Audio Leak from Eric’s Release Listening – Family talks about rights violation
Disruption was caused by the case of the Menendez brothers in the US, when sound confidential material from the hearing
Soldiers are circulating with weapons in Washington – conflict in the US for Trump’s decision to develop in other cities
While the power of the American National Guard developed in the federal capital Washington announced that it began to bring
All the benefits of argan oil for hair
A real concentrate of virtue for hair beauty, In addition to skin and nails, Argan oil (which It can also
The late summer makeup trend? Welcome Pool Lips!
Wait to get overwhelmed by melancholy of the summer holidays running out. There is one New Beauty trend determined to
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
Hurricane Katziki is threateningly approaching Vietnam – causes waves of up to 9.5 meters high
The arrest photo of immigrant made viral for all the wrong reasons
Unrest in Menendez Case: Audio Leak from Eric’s Release Listening – Family talks about rights violation
Soldiers are circulating with weapons in Washington – conflict in the US for Trump’s decision to develop in other cities