The reaction on the Stock Exchange is without turnover

The Athens Stock Exchange is trying to keep in touch with the 900 units for another session, which, without going into exaggerations after the four-day falling series, is moving slightly upwards, but with a low turnover.

In particular, the General Index records gains of 0.59% at 894.80 points, while the turnover is at 3.2 million euros and the volume at 0.9 million units. The FTSE 25 also recorded an increase of 0.72%, to 2,148.51 points, while the banking index gained 0.56% to 582.72 points.

After four days of decline and losses of 3.6%, the ATHEX today operates again above 890 points, but without being able to have strong support from buyers, who remain cautious. Indicative of this caution is that the market took 15 minutes to move half a million units, with 2/3 of them located in the share of Alpha Bank.

However, the upward movement of European markets is working well today, although concerns about the new wave of pandemic outbreaks on the continent are not lacking. However, political developments are boosting in Germany, which after several weeks of negotiations has the first coalition government of the Social Democrats under Olaf Scholz. A lesser source of uncertainty always works in favor of the markets, which today will be deprived of the tone of Wall Street, due to Thanksgiving.

In such a climate, the ATHEX is going to finish in November at its lowest levels. As it is in the present, as throughout the month it had no closures below 900 units, except in the last two sessions, with the lowest intra-conference being at 888 units. In other words, in a traditionally positive month, due to the 12-month closures of foreign portfolios, the ATHEX failed to unhook itself from the uncertainties of the pandemic crisis. And as most domestic analysts agree, in order to be able to enter December on better terms, it must at least return above 900 points, to send the message that the current pullback was part of the turmoil that has occurred in all markets worldwide. .

On the dashboard

On the board now, EYDAP, PPA, OPAP, Ethniki, Motor Oil, Ellactor, Viohalco and Piraeus record profits exceeding 1%, while close to + 1% are Jumbo, Alpha Bank, OTE and Lambda.

Coca Cola, IPTO, Mytilineos, ELHA, Hellenic Petroleum, Titan, Eurobank, Aegean and HELEX are moving slightly upwards, while PPC, Sarantis, Terna Energy and GEK Terna are moving slightly downwards.