The Athens Stock Exchange is currently engaged in an informal balance of power balance, which, although it allows sales in several of its securities, does not seem weak in order to lose the 880 points, although they are threatened at intervals.
In particular, the General Index records gains of 0.03% at 879.56 points, while the turnover is at 16.9 million euros and the volume at 12.8 million units. The FTSE 25 also recorded an increase of 0.11%, to 2,113.50 points, while the banking index lost 0.18% to 569.37 points.
In an environment of closing year, uncertainty about the pandemic, increased likelihood of new measures, scenarios for central bank decisions and positive signals from economic activity, the course of the market alone is not clear. In fact, the variation of the General Index so far does not exceed 5 points, with the command options being in specific titles.
However, as most technical analysts “diagnose”, the 880 units are a reference point for whether the image will become more optimistic or we will have to re-test the 200-day time series. The 200-day moving average (867 points) broke, however the General Index did not “pay” lower levels and returned relatively immediately above the 865 points bordering the long-term trend.
Positive news from the economy
However, the stock market may remain in the same and familiar lateral movement since last April, but the messages from the course of the economy remain positive, making more and more obvious the paradox that the economy “precedes” the market. Greece’s GDP grew by 13.4% in the third quarter of the year, driven by the recovery of tourism, which increased services exports by 86.4%, and double-digit growth in investment and a large increase in private consumption.
In this context, the issue of asset quality for Greek banks seems to be a thing of the past and the overall NPE index of the industry should approach 5% by 2022, according to Wood estimates. “The strong appetite for securitization suggests that the execution risk for outstanding transactions is relatively low and we can now safely say that Greek banks are becoming regular financial institutions,” he said.
On the board
On the board now, ELHA, Coca Cola, Aegean and Titan record gains of more than 1%, while Jumbo, Piraeus, HELEX, OTE, Motor Oil, PPA, Hellenic Petroleum, Terna Energy and Ethniki are moving slightly upwards.
On the other hand, GEK Terna recorded losses of 1.02%, with IPTO being at -1.39%, while Ellactor, Lambda, Viohalko, PPC, Alpha Bank, Eurobank, Sarantis and OPAP are moving slightly down. EYDAP and Mytilineos are unchanged.
.
The Stock Exchange is moving in a narrow range
The Athens Stock Exchange is currently engaged in an informal balance of power balance, which, although it allows sales in several of its securities, does not seem weak in order to lose the 880 points, although they are threatened at intervals.
In particular, the General Index records gains of 0.03% at 879.56 points, while the turnover is at 16.9 million euros and the volume at 12.8 million units. The FTSE 25 also recorded an increase of 0.11%, to 2,113.50 points, while the banking index lost 0.18% to 569.37 points.
In an environment of closing year, uncertainty about the pandemic, increased likelihood of new measures, scenarios for central bank decisions and positive signals from economic activity, the course of the market alone is not clear. In fact, the variation of the General Index so far does not exceed 5 points, with the command options being in specific titles.
However, as most technical analysts “diagnose”, the 880 units are a reference point for whether the image will become more optimistic or we will have to re-test the 200-day time series. The 200-day moving average (867 points) broke, however the General Index did not “pay” lower levels and returned relatively immediately above the 865 points bordering the long-term trend.
Positive news from the economy
However, the stock market may remain in the same and familiar lateral movement since last April, but the messages from the course of the economy remain positive, making more and more obvious the paradox that the economy “precedes” the market. Greece’s GDP grew by 13.4% in the third quarter of the year, driven by the recovery of tourism, which increased services exports by 86.4%, and double-digit growth in investment and a large increase in private consumption.
In this context, the issue of asset quality for Greek banks seems to be a thing of the past and the overall NPE index of the industry should approach 5% by 2022, according to Wood estimates. “The strong appetite for securitization suggests that the execution risk for outstanding transactions is relatively low and we can now safely say that Greek banks are becoming regular financial institutions,” he said.
On the board
On the board now, ELHA, Coca Cola, Aegean and Titan record gains of more than 1%, while Jumbo, Piraeus, HELEX, OTE, Motor Oil, PPA, Hellenic Petroleum, Terna Energy and Ethniki are moving slightly upwards.
On the other hand, GEK Terna recorded losses of 1.02%, with IPTO being at -1.39%, while Ellactor, Lambda, Viohalko, PPC, Alpha Bank, Eurobank, Sarantis and OPAP are moving slightly down. EYDAP and Mytilineos are unchanged.
.
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
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