The Stock Exchange is finding an uptrend

LAST UPDATE: 12:21

The Athens Stock Exchange is currently moving at the level of 870 points, which manages to strengthen its upward movement, with the help of securities such as Viohalco and OTE.

In particular, the General Index records gains of 1.17% at 870.96 points, while the turnover is at 4.5 million euros and the volume at 2 million units. The FTSE 25 also rose 1.15% to 2,099.81 points, while the banking index gained 0.88% to 582.11 points.

Although caution is not lacking in Athens Avenue, the General Index is finding an upward trend with the help of several of its titles. Of course, the tone is given mainly from abroad, as foreigners expect data from the consumer price index in the US, as they will judge the decisions of the Federal Reserve, and therefore the course of regional markets, such as the ATHEX. Most indications are that inflation has peaked, a development that, if confirmed, would not change the Fed’s policy, raising estimates for a return to normalcy. After all, in Europe, too, inflation figures have led several European Central Bank officials to suggest that they are considering raising interest rates from July in order to deal with the high consumer price index.

Of course, what is pointed out by domestic analysts is that the ATHEX has shown great weakness from the last week of April until today. Especially the banking sector notes losses of up to 20% from the high of 702 points that was found on April 21, as it is “ahead” in the fall of other securities.

Technically, according to A. Manthos, the daily and weekly charts of both the Banking Index and the four banking houses now show intense concern. The downward movement has dissolved in its passage strong supports such as those at 650, 625, 600 and now lately it is testing the endurance of 570 units. Below that, the index does not have anything with a “vigor” of repulsion to its low of 08/03 at 505 points or another, ie -12.5% ​​from yesterday’s closing at 577 points.

On the board

On the board now, Viohalco gains 7.14%, Sarantis strengthens by 4.48% and ELHA is at + 3.66%. Over 2% is the increase in Quest, Jumbo and OTE, and over 1% in Alpha Bank, GEK Terna, PPC, Terna Energy, Titan, Piraeus, PPA and OPAP.

Eurobank, Mytilineos, IPTO and Lambda are moving slightly upwards, with EYDAP and Ellactor not changing. On the other hand, Motor Oil, Coca Cola, Aegean, Hellenic Petroleum and Ethniki are moving in negative territory.