The Stock Exchange recovered all 890 points with a jump

The Athens Stock Exchange came back from the three-day break with significant gains, which reached a breath of 890 units, i.e. highs of more than two months, while the activity through packages, especially in the banking sector, attracted the attention of investors.

In particular, the General Index closed with an increase of 1.65% at 893.23 points, while it moved between 893.25 points (+1.65%) and 880.02 points (+0.14%). The turnover amounted to 81.16 million euros and the volume to 45.21 million pieces, while 20.58 million pieces were traded through pre-agreed transactions.

The high capitalization index closed with a rise of 1.93%, at 2,161.99 units, while the Mid Cap ended the transactions at +0.39% and at 1,397.26 units. The banking index closed with gains of 2.96% at 589.45 points.

What impressed the market today was the turnover traded through pre-arranged trades, as 20.5 million lots were traded worth €24.3 million. Eurobank traded 8.16 million units, Alpha Bank 10.84 million units and Ethniki 1.5 million units, worth 5.1 million euros. Packages were also traded to Motor Oil (47 thousand) and Entersoft (19 thousand).

Keep fluidity within the walls

The Stock Exchange may have corrected last Friday, against the positive international climate, but as it was seen today, it kept the liquidity within the walls, as there were not a few titles that reacted today with a satisfactory turnover (for the time). Thus, it is confirmed that in the short term an attempt to press above 850 to 840 units is visible with an upward stretch towards 900 units pending the announcements of the results of the first half for the companies that make up the index.

The General Index is at two-month highs, taking advantage of the rally of foreigners, who continue to climb over the “wall of fear” related to concerns about the course of the global economy, comments certified analyst Petros Steriotis. Given the recent high correlation (correlation) of the General with the Dow Jones etc., the developments “across the Atlantic” after the close of the Greek session and until 11 p.m. they give an idea of ​​what to expect from Athens Avenue at the next opening.

According to Mr. Steriotis, diagrammatically the meeting of the General Index with the simple moving average of the last 200 meetings is worth mentioning. The gauge in question theoretically separates a bull from a bear market, at least in the eyes of several institutions that want to have the “big picture”. In any case, in conjunction with the bullish signals in force, Greek investors are asked to keep in mind the “overbought” oscillators that are interest of the bullish momentum.

On the dashboard

On the board now, Piraeus and Alpha bank stood out with +5.17% and +4.05%, while Terna Energy, Titan, PPC, ADMIE and OPAP were up more than 3%. The profits in GEK Terna, Mytilineo and Eurobank exceeded 2%.

OTE, Biohalco, Ethniki, Hellenic Petroleum, Lambda and ELHA closed above +1%, while Quest, Jumbo and EYDAP closed slightly higher. Sarantis closed unchanged, while PPA, Coca Cola, Aegean and Ellactor closed in negative territory. Motor Oil ended at -1.09%.