The Stock Exchange assimilates the 950 units

LAST UPDATE: 11:52

The Athens Stock Exchange is currently trying to absorb the pressures of securing profits, but also to consolidate its position above 950 points, which manages to overcome the morning pressures that it received in most of its board.

In particular, the General Index records gains of 0.25% at 952.72 points, while the turnover is at 21.4 million euros and the volume at 5.1 million units. The FTSE 25 also increased 0.17% to 2,302.68 points, while the banking index gained 0.13% to 646.53 points.

Both welcome and .. desirable is the current controlled correction on the ATHEX, which after a three-day outburst, but also many days of steady rise, finds the time to make the necessary adjustments to better assimilate the 950-unit zone. As long as this correction does not take on dimensions and violently restores the market to the levels that it was stagnating for months and did not offer anything for most of 2021.

So the stake now is for the General Index to keep in touch, close if possible, with the 950 points at the end of the week, tomorrow, or in the neutral scenario not to lose the 930 points, the previous ceiling of an accumulation that lasted 9 months. And as a stock market source comments on Capital.gr, the conditions for a positive scenario exist, as long as they mobilize fresh funds that will support the current levels with their purchases and placements.

At the same time, although the ATHEX has shown that it can differentiate itself from the international climate, not only positively but also negatively, it can not do so for a long time. After all, one should not take into account that more than 60% of the transactions on Athens Avenue are made by foreign terminals, with all that this implies for the assessment of the risk. And the risk in Greece, despite the fact that it has the euro as its currency, remains high, or at least higher in any change of monetary or fiscal nature.

In any case, at least until tomorrow, the ATHEX will give the first test of the viability of the rise, with Friday night being particularly interesting since the residents of Athens Avenue are waiting for Fitch’s verdict for Greece.

On the board

On the board now, Aegean stands out with the + 2.29% it records, with HELEX and Alpha Bank following with an increase of more than 1%. Hellenic Petroleum, ELHA, Mytilineos, Piraeus, Motor Oil, Quest, Coca Cola, OTE, Ethniki, Viohalko, PPA and PPC are moving slightly upwards.

On the other hand, Eurobank loses 1.43%, with Jumbo, Sarantis, GEK Terna, Ellactor, Lambda and OPAP moving slightly downwards.