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The Athens Stock Exchange closed today with losses in the support zone of 910 – 913 points, but it was consumed in the attempt to absorb the turmoil caused by several securities, such as that of Attica Bank, which confirmed the shallowness of the market.
In particular, the General Index closed with losses of 0.39% at 911.43 points, while today it moved between 909.07 points (-0.65%) and 923.27 points (+ 0.90%). The turnover amounted to 54.4 million euros and the volume to 25 million units, while 3.5 million units were traded through pre-agreed transactions.
The index of high capitalization closed with a fall of 1.13%, at 2,181.03 points, while at + 9.22% Mid Cap completed the transactions at 1,648.14 points (affected by the “distortion” of Attica Bank). The banking index closed with gains of 0.15% at 607.63 points.
After a long time, the ATHEX expanded its range to over 14 points, changing the climate several times during the day. The focus was undoubtedly on the share of Attica Bank, which closed at 1.78 euros, which is higher than the new adjusted price of 0.2740 euros, but lower than Friday’s closing (3.95 euros). The share was traded today without the right to capital increase with a ratio of 49.5265 new shares for each old one. The trading of the rights will start on November 25 and will end on December 3.
Pandemic and… aliens
However, the market seems, apart from the above, to be monopolized by the fear of a new lockdown in our country, after the developments in Austria and Germany. Also, the growing cases do not allow second thoughts in Greece, given that a fifth wave of pandemics is ahead, especially in the winter months, if additional measures are not taken in time.
However, according to information from Capital.gr, the government does not want us to have unpleasant announcements about the closure, as we approach the holidays, although there are voices that interpreting the surrounding atmosphere in Europe, do not rule out, if there is no decline in the indicators in the coming days, there will be similar announcements.
The question until the landscape of the pandemic is clarified is not to test the support base in the zone of 910 units, which according to Apostolos Manthos of Aenaon Markets will aim at its elevation over the critical area of 928 to 932 units where it has twice stand in the way of its expansive dispositions. Perhaps the third is the pharmacist leading the General Index on the chart unit of 1000 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 and Piraeus closed with losses of 3.24% and 3.08% respectively, with Hellenic Petroleum falling by 2.10%. Over 1% was the drop in National, Alpha Bank, OPAP, PPC, OTE, ELHA and Eurobank.
Terna Energeiaki, GEK Terna, Aegean, Titan, HELEX, Coca Cola, Ellactor, Mytilineos and PPA closed slightly lower, with IPTO closing unchanged. On the other hand, Lambda, EYDAP, Motor Oil and Sarantis closed slightly higher, while Biochalko strengthened by 1.28%.
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