The Stock Exchange continues to lose ground

The Athens Stock Exchange is heading for the sixth consecutive falling session today, which has been under the suffocating siege of sellers since April 26, when it tried to cross the 950 points intra-conference.

In particular, the General Index records losses of 0.66% at 861.08 points, while the turnover is at 30 million euros and the volume at 11 million units. The FTSE 25 is down 0.70% at 2,076.26 points, while the banking index is down 0.53% at 580.50 points.

Since April 26, the ATHEX has recorded only one uptrend and eight downtrends, with the “loss” heading towards 100 points now. And the visibility for a reaction does not seem to improve, when in fact the climate in international markets is negative.

Thus, the general index once again could not withstand the heights at 950 points, trying once again the same route that we have been accustomed to for the last 2 years. Two falling gaps from April 26 with the close closing at 888 points. The 900-912 zone has become resistance and needs to be re-established if it wants to try to rise again. The level of 860 units, with the split to test 843 units or 830 units.

In the FTSE 25, the zone of 2,190 – 2,200 units becomes a significant resistance, while the 2070 units provide close support, which the break can bring to 2,036 units. The bank now has a main resistance of 644 units, while the 603 units close resistance with 575 support units, which break can target 536 units.

In any case, the big moves are not expected until next Thursday, as, in addition to the nightly semi-annual review of MSCI indices, five index-heavy companies will announce their financial figures for the first quarter of 2022, thus giving us the lights. what to expect in the coming months from the “damage” that has been and continues to be caused by the ongoing war in Ukraine.

On the board

On the board now, Ellactor returns to trading with a jump of 13.88%, with Terna Energy being at + 1.17%. Ethniki and OTE are moving slightly upwards, with IPTO having no change.

On the other hand, Coca Cola, PPA, GEK Terna, Eurobank and Mytilineos record losses of more than 2%, while over 1% is the drop in Quest, Jumbo, Motor Oil, Viohalko, EYDAP, Aegean, Piraeus, Hellenic Petroleum and Saranti. Titan, ELHA, OPAP and Alpha Bank are moving slightly down.