It took the “heavy artillery” of Coca Cola to enable the Athens Stock Exchange to penetrate again 900 points, after more than two weeks of touring at lower levels, but also to overcome the caution maintained by the epidemiological image of the country.
In particular, the General Index closed with gains of 1.03% at 908.08 points, while today it moved between 902.02 points and 908.12 points. The turnover amounted to 47 million euros and the volume to 18.4 million units, while 4.2 million units were traded through pre-agreed transactions.
The high capitalization index closed with an increase of 0.93%, at 2,180.98 points, while at + 0.50% Mid Cap completed the transactions at 1,513.08 points. The banking index closed with marginal losses of 0.01% at 576.76 points.
The stock of Coca Cola put its “back” for the second time in ten days in order to “detach” the General Index from the sideways movement of caution. Today, it was the turn of 900 points to “fall” in the battle of the index stock, which overcame, though not convincingly, the resistance of 905 points.
But what worries the ATHEX is that although there are important and serious catalysts to penetrate the ceiling of accumulation, buyers are very cautious when the General Index moves above 900 points. That is, it is in this critical period that most market expectations have been dashed, and not just once.
Of course, the estimate that seems to be taking a lot of chances lately is that the accumulation has already lasted many weeks, 44 in number, with the range gradually shrinking, which usually leads to an outbreak. If this is positive or negative … the pandemic will show it.
Wait for at least next week
As stock market sources point out in Capital.gr, the market is not going to show its real intentions this week, as it will expect to see both the epidemiological picture of the country and the precursors of economic activity in the critical fourth quarter of last year. The first catalyst will decide if new restrictive measures are taken to control the pandemic, while the second catalyst may judge Fitch on January 14.
Regarding the first catalyst, however, sources of Capital.gr at the Ministry of Finance insist on their firm position that “2022 will not be 2021″, ie there is no thought of a new general lockdown in the economy. Regarding the second catalyst, Dim. Trigas of Beta Securities, reminds that as long as the forecasts for GDP growth continue, borrowing costs remain low and NPLs shrink significantly, Greece may be in the investment grade earlier than expected 2023 and the Greek Stock Exchange can see with ” smaller diameter binoculars “1,000 units!
On the board
On the board now, Coca Cola closed with gains of 4.84%, with Lambda, Jumbo and Aegean following with an increase that exceeded 2% and OTE, Quest, Titan and OPAP with an increase of more than 1%. GEK Terna, EYDAP, IPTO, Eurobank, Motor Oil, Hellenic Petroleum, Ethniki, ELHA, Piraeus and Viohalko closed slightly higher.
On the other hand, the pressures were located mainly in Mytilineos, Ellactor and PPA, which recorded losses of more than 1%, while PPC, Alpha Bank, Sarantis and Terna Energeiaki closed slightly down.
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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.
