The Stock Exchange is on the sidelines

of Alexandra Tombra

Not even six… whole units was the variation of the general index today on the Athens stock exchange, which closed with marginal gains and the signs almost divided, unable to find a rhythm in the shadow of international waiting.

In particular, the general index closed with an increase of 0.04% at 829.26 points, while today it moved between 831.10 points (+0.27%) and 825.95 points (-0.35%). The turnover amounted to 34.76 million euros and the volume to 13.13 million pieces, while 143.12 thousand pieces were traded through pre-agreed transactions.

The high capitalization index closed with a rise of 0.02%, at 1,990.27 points, while the Mid Cap ended trading at +0.24% at 1,354.48 points. The banking index closed up 0.03% at 494.81 points.

Small fluctuations and selective movements were the picture of the market today, as for the second day in a row the ASE is unable to mobilize large orders while the whole planet awaits the decisions of the Federal Reserve on its monetary policy and the data on the US GDP on Thursday. These two catalysts are what affect the global markets, as well as the Greek market, since they will also determine the large flows of capital, from and to the US markets.

Of course, what has been observed since yesterday on the ASE is a balance between positive and negative titles, with the market allowing internal corrections, without losing the levels of 830 units. The general index supports are away from the current levels as they are at 810 points, however it is important to give the message that it can hold the levels so that in case of any upward reaction the market is closer to the next target, which is not is other than 850 units.

Overall, however, apart from the international developments, the period for the Greek market has low investment interest, also due to the sparse developments on the critical fronts of the economy. Thus, expectations for the positive scenario are not high, not only because of the impact of Fed decisions, but because of seasonality. Let’s not forget that we are in the last week of July, that is, in the heart of the summer rush.

And seasonality may keep interest low for big swings in the event of international turmoil, but it won’t provide the impetus the market needs to continue the positive momentum of recent days.

On the dashboard

On the board now, Ellactor jumped 5.18%, with Lambda, Aegean and Alpha Bank following with gains of over 2%. Sarantis and Quest gained more than 1%, with Eurobank, Jumbo, Coca Cola, Tian, ​​Mytilineos, EYDAP and ELHA following with small gains.

On the other hand, Ethniki lost 2.87%, while Motor Oil, Hellenic Petroleum and PPC recorded losses that exceeded 1%. ADMIE, Biohalco, GEK Terna, Terna Energy, PPA, OPAP and Piraeus closed slightly down.