The Stock Exchange is trying to stop the two-day downward series

The Greek stock market is currently trying to stay above the level of 885 points, following even timidly the recovery of European markets, in a difficult environment.

In particular, the General Index records gains of 0.41% at 887.81 points, while the turnover is at 7 million euros and the volume at 2.5 million units. The FTSE 25 also recorded an increase of 0.78%, to 2,155.61 points, while the banking index gained 1.31% to 640.11 points.

The market is trying to regain the zone of 890 units and certainly the exponential 200-day KMO which is at 885.57 units and has been threatened many times these days. Of course, despite the fact that it seems to have the purchasing power required, they are difficult to activate in such a difficult and challenging environment.

Thus, the market acrobatizes between the support of 880 units and the resistance of 891 units, which, with small exceptions, limit the “normality” of April so far, as Athens Avenue remains in a lateral channel. And in this channel the big negative protagonist is the turnover, which is fixed at levels almost 30% lower than the average of the first quarter of the year.

When will this move end? Clearly the market will have to restructure itself on the basis of new data created by the Ukraine-Russia war and sanctions on the latter, but also those that tend to be shaped by the most aggressive tightening of Federal Reserve policy, as has become clear. the last days. Based on the above, the focus remains on the movements of foreigners, who further determine the trends in Athens Avenue.

On the board

On the board now, ELHA and Coca Cola record gains of 2.34% and 2.28% respectively, while over 1% is the rise in Eurobank, OTE, Alpha Bank, Lambda and Terna Energy. Titan, EYDAP, Viohalko, PPC, IPTO, Ethniki, Ellaktor and Piraeus are moving slightly upwards.

On the other hand, Jumbo loses 1.15%, with GEK Terna, Motor Oil, Quest, Mytilineos, OPAP and Saranti moving slightly downwards. Unchanged are PPA, Hellenic Petroleum and Aegean.