The Stock Exchange expands its profits

The Athens Stock Exchange is currently finding support from index-weighted, non-banking stocks, now testing all 900 points, for the second time in the week.

In particular, the General Index records gains of 1.11% at 900.60 points, while the turnover is at 45 million euros and the volume at 17 million units. The FTSE 25 also rose 1.38% to 2,186.76 points, while the banking index gained 1.12% to 618.38 points.

The XA is trying to change level again, for the better, testing the 900-point band. If he manages to break it up, he will continue the movement, otherwise 893 points is the close support.

The bet now for June is the general index to close positively in the first half of the year, which will mean a closure of over 893 points. An ally in this bet should be the banking sector, without which it will be difficult to gain this lead, in an environment particularly difficult for the long. The banking sector itself, however, seems to be more “comfortable” in closing the semester positively, as it trades almost 40 points above the closing of 2021.

The oscillators, however, give enough upside margin as they move to neutral levels and the trading picture shows a progressive improvement supporting the market rise. So the month starts with positive omens from a technical point of view as the trend comes from an accumulation of three weeks with an upward escape dynamic.

On the board

On the board now, Motor Oil and Hellenic Petroleum record gains of 3.73% and 3.63% respectively, with OPAP, OTE, Aegean and EYDAP following with an increase of more than 2% and PPC, Eurobank, Mytilineos, Ethniki and Alpha Bank with an increase of more than 1%.

Jumbo, Quest, Viohalko, Terna Energeiaki, Ellactor, Titan, ELHA and Sarantis are moving slightly upwards, while PPA, Coca Cola, Piraeus, GEK Terna and Lambda are moving slightly downwards. IPTO loses 1.10%.