The Stock Exchange endured and held 950 points

Get real time updates directly on you device, subscribe now.

With gains, it finally managed to close the Athens Stock Exchange today, which proved once again that it can hold the zone of 950 points, allowing even the corrections of securities, while it also showed remarkable resilience against the international turmoil that existed in the western markets.

In particular, the General Index closed with gains of 0.74% at 951.65 points, while today it moved between 941.56 points and 950.03 points. The turnover amounted to 61.2 million euros and the volume to 22.9 million units, while 2.3 million units were traded through pre-agreed transactions.

The Stock Exchange endured and held 950 points

The index of high capitalization closed with an increase of 0.68%, at 2,296.20 points, while at + 1.33% Mid Cap completed the transactions at 1,584.96 points. The banking index closed with gains of 0.93% at 650.92 points.

The two … prisoners

The ATHEX may have been more cautious since the beginning of the week, which is evident in its trading activity, but no one can deny the fact that it has shown remarkable resilience to the international turmoil caused by rising oil prices. Of course, these stocks had some costs, especially for the titles that had outperformed the previous period, but the assimilation of both profits and levels are elements that show health in an upward market.

Of course, the key level for the current week will be the 949 units of DG, ie the previous seven-year high from which the Greek market fell in the midst of the first announcements about the coronavirus in early 2020. The ideal scenario, then, of maintaining the upward momentum, as shown in the General Index, will be its diffusion into as many titles as possible in order to avoid negative divergences.

Therefore, what domestic investors should keep in mind, as commented by a stock market source in, is that the ATHEX was consumed in a cost-effective internal correction and that the 950 levels showed significant resilience, cultivating expectations that they may be the step, but also the message of confidence, for the market to climb to the level of 1,000 units.

After all, the resilience was confirmed on a day when foreign investors had turned their eyes to the issuance of the new ten-year Greek government bond, with Greece’s first exit in 2022 being successful and the demand quite strong, given the market conditions. The interest rate was formed at 140 basis points plus the mid swap, ie at 1.83% where it is estimated that it is formed at the close, with the official announcements being expected later in the day.

On the board

On the board now, Biochalco stood out with + 4.19% it scored, as well as Jumbo and Aegean with + 3.53% and + 3.01% respectively. Motor Oil and ELHA gained more than 2% and Eurobank, Hellenic Petroleum, Ethniki and Piraeus gained more than 1%, while OTE, IPTO, Coca Cola and Ellactor closed slightly higher.

On the other hand, the losses of GEK Terna, Alpha Bank, EYDAP, Mytilineos, Lambda, Terna Energy, Titan and Quest were reduced below 0.7%, while PPC, PPA, OPAP and Sarantis closed unchanged.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

buy kamagra buy kamagra online $255 payday loans online same day no denial payday loans direct lenders only