The sellers continued to ‘gnaw’ on the Stock Exchange

Another small step to lower levels was taken today by the Athens Stock Exchange, which has failed to dispel uncertainty both in the face of the pandemic and in the margins of waiting for the big decisions of the major central banks worldwide.

In particular, the General Index closed with losses of 0.23% at 883.36 points, while it moved between 880.17 points (-0.59%) and 889.11 points (+ 0.42%). The turnover amounted to 43.6 million euros and the volume to 16.7 million units, while 1.6 million units were traded through pre-agreed transactions.

The index of high capitalization closed with a fall of 0.35%, at 2,119.64 points, while at + 0.20% Mid Cap completed the transactions at 1,476.45 points. The banking index closed with losses of 0.84% ​​at 565.41 points.

At a time when the whole world is feeling more and more intensely the threat of Omicron that is spreading rapidly, but also awaits the decision of the monetary policy of the Federal Reserve. Also, the market is not going to take a bigger risk on the one hand and improve its trading activity on the other hand if it does not first have some visibility about what the ECB will do on Thursday.

Accumulation a positive or basic scenario?

Although the market has some guarantees to justify higher levels, both the pandemic front and the central bank have created a mix that maintains caution. After the appearance of the Omicron variant and the vertical dip of the market, the recovery has found a ceiling below 900 units, which show much greater resistance against the long, than expected.

Thus, in the last month of the year, the stock market continues to accumulate on a line that has been holding for nine months. That is, for nine months the territory of Athens Avenue is suitable only for short-term portfolios that try to take advantage of the waves and short trends that are manifesting in the market. The prevalence of mild trends in the next period of time therefore seems to prevail as a scenario as the existing volumes can not be considered sufficient for a lasting movement in one direction or the other.

The ends of the General Index are located at 932 units for the upper limit and at 823 units for the lower limit, but the main body of the movement is consumed between 868 and 900 units. In this context, too, the market remains very shallow with a turnover that on average does not clearly exceed even 60 million euros and international investors are far from the board.

On the board

On the board now, Ellactor and Jumbo lost 2.48% and 2.24% respectively, with Eurobank, ELHA, Terna Energy and Viohalco closing with a drop of more than 1%. Alpha Bank, Aegean, GEK Terna, PPC, Mytilineos, Motor Oil and Piraeus closed slightly lower.

On the other hand, Lambda and HELEX closed with gains of 1.77% and 1.63% respectively, while Coca Cola, Sarantis, PPA, OTE, EYDAP, Ethniki and OPAP closed slightly higher. IPTO, Hellenic Petroleum and Titan are unchanged.