The negative international climate is followed by the Stock Exchange

The Athens Stock Exchange is slipping back to the level of 910 points, which, although it tried to absorb the pressures from most of its securities, finally succumbs to the international negative climate triggered by the warning of the German Chancellor Angela Merkel that the existing measures to deal with the pandemic are not enough “pointing” to stricter restrictions.

In particular, the General Index records losses of 0.54% at 910.10 points, while the turnover is at 38.7 million euros and the volume at 18.1 million units. The FTSE 25 also fell 0.94% to 2,185.19 points, while the banking index lost 0.36% to 604.53 points.

Although it tried to move higher earlier, the Stock Exchange has the vast majority of stocks are in negative territory, with the result that the General Index eventually succumbed to the support of 910-913 points, once again in the last ten days. The significant fall of Jumbo, which trades without the right to the extraordinary dividend of 0.30 euros, which corresponds to a yield of just over 2%, but also several other weighty securities, clearly plays a role in this picture as well.

The ten of the… ten days

The market seems to want the third ten days of November to remain at current levels, ie between 910-920 units, in which it spent the second ten days of the month. However, what most analysts estimate is that the Stock Exchange will benefit at the end of the month from the closing of books of the year for foreigners, on which the bonuses also depend.

According to Ilias Zacharakis of Fast Finance, the market continues to wait for the opportunity to give some greater trend with the delay for various reasons to continue. The only sure thing is that we have positive news ahead of us for the Greek economy, something that essentially hardly brings important sellers to market. On the contrary, foreign institutions are looking for ways to get positions through AMK in listed companies since they see how shallow the Greek market is.

And from a technical point of view, however, the picture is no different. According to Apostolos Manthos of Aenaon Markets, in the diagrammatic analysis of the General Index, what can be seen is the creation of a support base in the zone of 910 units that will aim at its elevation over the critical area of ​​928 to 932 units where two times an obstacle to his expansive dispositions. Perhaps the third is the pharmacist, leading the General Index on the chart unit of 1,000 units, the 950 units. Legitimate in a possible upward drilling of 932 units to be accompanied by a strong promotional turnover.

On the dashboard

On the board now, Jumbo loses 3.17%, with Piraeus and Ethniki losing 2.81% and 2.08% respectively. Over 1% are the losses in Hellenic Petroleum, OPAP, IPTO, Terna Energy, Aegean and Sarantis.

Titan, PPC, ELHA, HELEX, Alpha Bank, Mytilineos, PPA, Eurobank, GEK Terna, Motor Oil, Coca Cola, EYDAP and Ellaktor are moving slightly downwards, while OTE, Lamko and Bioch are moving slightly upwards.