The Stock Exchange folds to 890 units

The Athens stock exchange is moving down today, as it remains loyal to the weak start it has been making in recent days, under the pressure of the corrections recorded by most of its securities.

In particular, the General Index recorded losses of 0.65% at 893.47 points, while the turnover is at 4.7 million euros and the volume at 2.5 million pieces. The FTSE 25 also registered a fall of 0.87%, at 2,158.21 points, while the banking index lost 1.23% at 587.81 points.

Since the previous week, the ASE has been making weak starts, reversing the negative sign in the second half of the sessions. This is how he has managed to keep his upward streak “alive”, but reaching the critical and demanding zone of 900 units, where the positive momentum will really be tested. And as most domestic analysts comment, these days will also see the foundation laid during the climb from 778 units on 5/7.

The stake is that the market will continue to correct its securities, improve its liquidity and unload the oscillators, but without losing touch with the 900 points levels. And for this to happen, he will have to have help from the climate abroad, which at the moment does not seem to be advocating, given that all eyes are on next Friday, when the head of the Federal Reserve, J. Powell, will speak at the annual Jackson Hole banquet.

At the same time, on Friday at midnight, the reason for the increase in trading activity in the market was also “answered”, as it moved to much higher levels than what the AX was used to in the days around the 15th of August. The reason was that FTSE Russell moved 11 Greek listed companies that were in the Mid Cap index to the Large Cap index. In particular, the shares of Alpha Bank, Eurobank, ELPE, Jumbo, Motor Oil, Mytileneos, National Bank, OPAP, Piraeus Bank, PPC and Terna Energy are added to the Large Cap, with OTE’s being a question mark.

Dashboard

On the board now, Hellenic Petroleum is down 2.13%, with Ethniki, Titan, Eurobank, Coca Cola, Alpha bank, Jumbo, Sarantis and PPC following with a fall of more than 1%. OPAP, ELHA, OTE, Viochalko, GEK Terna, Mytileneos, EYDAP, ADMIE and Piraeus are moving slightly down.

On the other hand, Ellactor is recovering today, recording gains of 2.03%, while Terna Energy, PPA, Lambda, Motor Oil and Piraeus are moving slightly upwards. No change is Aegean and Quest,