The Stock Exchange maintains the positive sign

The Athens Stock Exchange is currently moving slightly upwards, which after the morning turmoil, seems to be stabilizing above 915 points, but without taking any greater risk on the sidelines of the new outbreak of the pandemic in the country.

In particular, the General Index records gains of 0.30% at 917.72 points, while the turnover is at 22.7 million euros and the volume at 11.7 million units. The FTSE 25 also fell 0.41% to 2,197.04 points, while the banking index gained 1.60% to 616.39 points.

Although the vast majority of stocks are in negative territory, the General Index manages to create a cushion of a few points from the support of 910-913 points, with the help of very specific stocks. Securities that with their gravity manage to absorb the pressures found in most of the dashboard.

Waiting before the… explosion?

According to domestic analysts, the estimates are positive, with the market picture being more than expected. As Elias Zacharakis of Fast Finance comments, there are 7 meetings left to close the books of the year for foreigners and it is difficult for the markets that clearly look “panted” and with nearby stops, to be left to their fate since the closure also depends on the bonuses.

According to him, the market continues to wait for the opportunity to give some greater trend with the delay for various reasons to continue. The only sure thing is that we have positive news ahead of us for the Greek economy, something that essentially hardly brings important sellers to market. On the contrary, foreign institutions are looking for ways to get positions through AMK in listed companies, since they see how shallow the Greek market is.

And from a technical point of view, however, the picture is no different. According to Apostolos Manthos of Aenaon Markets, in the diagrammatic analysis of the General Index, what can be seen is the creation of a support base in the zone of 910 units that will aim at its elevation over the critical area of ​​928 to 932 units where two times an obstacle to his expansive dispositions. Perhaps the third is the pharmacist leading the General Index on the chart unit of 1,000 units, the 950 units. Legitimate in a possible upward drilling of 932 units to be accompanied by a strong promotional turnover.

On the dashboard

On the board now, Jumbo, which is now trading without the right to an emergency dividend of 0.30 euros, is down 2.11%, with Piraeus, Hellenic Petroleum, Sarantis and IPTO following with gains of more than 1%. OPAP, Terna Energy, Ethniki, PPC, Titan, ELHA, Coca Cola, Motor Oil, GEK Terna and Mytilineos are moving slightly downwards.

On the other hand, Viohalco remains with gains of 1.71% and Lambda is strengthened by 1.03%, while Ellactor, OTE, EYDAP, PPA, HELEX and Alpha Bank are moving slightly upwards. Eurobank and Aegean are unchanged.