In the midst of opposing forces, the Athens Stock Exchange is balancing today, with the meeting giving more waiting and adjustment of portfolios and less tension.
In particular, the General Index records gains of 0.14% at 868.98 points, while the turnover is at 38 million euros and the volume at 12 million units. The FTSE 25 also increased by 0.17%, to 2,087.37 points, while the banking index lost 0.56% to 563.47 points.
The question that dominates the market these days is whether the buyers have finally set limits on the power of sellers at the level of 840-850 units. That is, if the fall of the market is exhausted at these levels, then it is good to have some placements with a horizon, even a small one.
However, the chances are not in favor of the positive scenario, ie the exhaustion of the downward movement, as no matter how hard he tried for three days, the general index did not break the resistance of 865 – 870 points. And this weakness is taken by most analysts as a sign that purchasing forces are still reluctant to drive the market higher.
In the meantime, no one knows what effect the change in the policy of the European Central Bank may have on Greek assets, with caution being maintained. Based on the outlook for inflation, the ECB is preparing to start raising interest rates in July. Its first move is to raise the deposit rate from -0.5% to + 1.5% by the end of next year, which is a higher level than what is priced in the markets, according to analysts.
On the board
On the board now, Jumbo and ELHA are up 2.88% and 2.47% respectively, with OTE, Viohalco, OPAP and Titan following with gains of over 1%. PPA, GEK Terna, Eurobank, Hellenic Petroleum, Mytilineos and Quest are moving slightly upwards.
On the other hand, Coca Cola with -2.02% recorded records puts pressure on the market, as well as the more than 1% drop in Piraeus, Alpha bank and Terna Energy. Aegean, Motor Oil, IPTO, EYDAP, Ethniki and Lambda are moving slightly down. Ellactor and PPC have not changed.
The Stock Exchange is on a shared board
In the midst of opposing forces, the Athens Stock Exchange is balancing today, with the meeting giving more waiting and adjustment of portfolios and less tension.
In particular, the General Index records gains of 0.14% at 868.98 points, while the turnover is at 38 million euros and the volume at 12 million units. The FTSE 25 also increased by 0.17%, to 2,087.37 points, while the banking index lost 0.56% to 563.47 points.
The question that dominates the market these days is whether the buyers have finally set limits on the power of sellers at the level of 840-850 units. That is, if the fall of the market is exhausted at these levels, then it is good to have some placements with a horizon, even a small one.
However, the chances are not in favor of the positive scenario, ie the exhaustion of the downward movement, as no matter how hard he tried for three days, the general index did not break the resistance of 865 – 870 points. And this weakness is taken by most analysts as a sign that purchasing forces are still reluctant to drive the market higher.
In the meantime, no one knows what effect the change in the policy of the European Central Bank may have on Greek assets, with caution being maintained. Based on the outlook for inflation, the ECB is preparing to start raising interest rates in July. Its first move is to raise the deposit rate from -0.5% to + 1.5% by the end of next year, which is a higher level than what is priced in the markets, according to analysts.
On the board
On the board now, Jumbo and ELHA are up 2.88% and 2.47% respectively, with OTE, Viohalco, OPAP and Titan following with gains of over 1%. PPA, GEK Terna, Eurobank, Hellenic Petroleum, Mytilineos and Quest are moving slightly upwards.
On the other hand, Coca Cola with -2.02% recorded records puts pressure on the market, as well as the more than 1% drop in Piraeus, Alpha bank and Terna Energy. Aegean, Motor Oil, IPTO, EYDAP, Ethniki and Lambda are moving slightly down. Ellactor and PPC have not changed.
Source: Capital
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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