The Stock Exchange maintains the rise

of Alexandra Tombra

Today, the Athens Stock Exchange is moving steadily upwards, which finds support in selected index-heavy securities, against the nervousness of the banks.

In particular, the General Index records gains of 1.01% at 833.74 points, while the turnover is at 18.5 million euros and the volume at 5.5 million units. The FTSE 25 also recorded an increase of 1.09%, at 2,008.34 points, while the banking index gained 0.80% to 523.09 points.

The banking industry seems to have been at the center of caution lately, although the outlook has not changed. On the contrary, as stated by the Vice President and Chief Assessor (VP- Senior Credit Officer) of Moody’s, Mr. Nontas Nikolaidis in capital.gr, the prospects of Greek banks are positive and this assessment has incorporated the risks of monetary change policy by the ECB.

However, as reported by Ap. Manthos, the banking index is going through difficult times once again, with its price having started to threaten the very critical level of 520 points. An area that on a weekly basis withstood any liquidations for over 350 days.

However, in case the 520 units are circumvented downwards, then the active support role will be taken by the triangular formation “Q”, which is located just above the 500 units. Falling fire of this formation will open the door to a very dangerous falling area that stretches to 440 units, which he had written in February 2021.

Of course, the data given to us by the banks from the financial results of the first quarter of 2022 are not in line, especially for such a strong percentage drop. At the same time, the Technical Relative Power Oscillator (RSI) has already started and it is difficult to move in even more “oversold” situations.

On the board

On the board now, PPC and Jumbo record gains of 3.81% and 3.68% respectively, with OTE being at + 2.06%. Over 1% is the increase in Mytilineo, Alpha Bank, Piraeus, GEK Terna, Hellenic Petroleum, Lambda and GEK Terna Energy.

EYDAP, OPAP, Titan, PPA, Ethniki, Quest, Eurobank, IPTO, Sarantis, Viohalco and Ellactor are moving slightly upwards, while Aegean and Coca Cola are moving slightly downwards. ELHA is at -1% and Motor Oil loses 2.76%.