The Athens Stock Exchange is moving in the same direction today, which is “compiled” in the same waiting room with foreign markets, waiting for the relevant decisions of the Federal Reserve tonight and the European Central Bank tomorrow at noon.
In particular, the General Index records gains of 0.29% at 887.94 points, while the turnover is at 2.5 million euros and the volume at 1.1 million units. The FTSE 25 also recorded an increase of 0.32%, to 2,134.02 points, while the banking index gained 0.38% to 572.68 points.
Undoubtedly, the Greek market can not be left out of the perimeter of those who will be affected by possible changes in the monetary policy of the Federal Reserve. Markets are also waiting for the US Federal Reserve to announce today the faster contraction of its bond-buying program, in order to pave the way for an increase in its interest rates from 2022. Special attention will be paid by investors to the latest financial forecasts of the Fed and Officials’ estimates for interest rates in 2022, with analysts not ruling out the possibility of the Fed raising two interest rates next year.
Accumulation a positive or basic scenario?
There are few meetings left until the end of the year, with the ATHEX continuing to accumulate on a line that lasts almost 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 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, HELEX, Viohalko, Lambda, EYDAP and Sarantis record profits exceeding 1%, while IPTO, OPAP, PPA, OTE, Eurobank, ELHA, Mytilineos, Ethniki, Piraeus, Piraeus, D are moving slightly upwards. Alpha Bank.
On the other hand, Aegean loses 1.40%, with Terna Energy, Ellactor, Motor Oil and Jumbo moving slightly downwards. Unchanged are Coca Cola, Titan and Hellenic Petroleum.