With buyers remaining in a selective mood, the Athens Stock Exchange remains on an upward trajectory, again reaching the zone of 840 points.
In particular, the General Index records gains of 0.82% at 843.37 points, while the turnover is at 17 million euros and the volume at 7 million units. The FTSE 25 also recorded an increase of 0.85%, to 2,032.14 points, while the banking index gained 0.25% to 540.49 points.
In a difficult international environment, the General Index managed to react to 830 points and maintain its upward short-term trend. According to Fast Finance, the market is trying to close the gap in the zone of 847-859 points, with 867 points being the next serious resistance and possible confirmation of the split.
Although the Greek economy has several protection networks against international unrest, the uncertainties are so great that the risk-taking dispositions are low. After all, the Greek economy does not have an investment grade, preventing many portfolios from being exposed to it, even if the prospects are better at this stage.
As many analysts point out, although the country is one step closer to the investment level, which will allow it several inflows of foreign capital, the turmoil of the energy crisis and the tightening of policy may delay the upgrade. Also, given its low rating, the higher debt-to-GDP ratio in the euro area and the more volatile pattern of spreads, Greek assets still have an increased risk.
On the board
On the board now, PPC wins 4.11%, with Sarantis and Mytilineos following with + 2.94% and + 2.55% respectively. More than 1% is the increase in Motor Oil, Piraeus, Jumbo, Titan and Hellenic Petroleum.
Aegean, OTE, Quest, EYDAP, Ellactor, Eurobank and Vihalko are moving slightly upwards, while PPA and ELHA are unchanged. On the other hand, Ethniki, Lambda, Alpha bank, GEK Terna, Terna Energeiaki, OPAP and IPTO are moving in negative territory, but none is moving above -0.5%.
The Stock Exchange recovers all 840 points
With buyers remaining in a selective mood, the Athens Stock Exchange remains on an upward trajectory, again reaching the zone of 840 points.
In particular, the General Index records gains of 0.82% at 843.37 points, while the turnover is at 17 million euros and the volume at 7 million units. The FTSE 25 also recorded an increase of 0.85%, to 2,032.14 points, while the banking index gained 0.25% to 540.49 points.
In a difficult international environment, the General Index managed to react to 830 points and maintain its upward short-term trend. According to Fast Finance, the market is trying to close the gap in the zone of 847-859 points, with 867 points being the next serious resistance and possible confirmation of the split.
Although the Greek economy has several protection networks against international unrest, the uncertainties are so great that the risk-taking dispositions are low. After all, the Greek economy does not have an investment grade, preventing many portfolios from being exposed to it, even if the prospects are better at this stage.
As many analysts point out, although the country is one step closer to the investment level, which will allow it several inflows of foreign capital, the turmoil of the energy crisis and the tightening of policy may delay the upgrade. Also, given its low rating, the higher debt-to-GDP ratio in the euro area and the more volatile pattern of spreads, Greek assets still have an increased risk.
On the board
On the board now, PPC wins 4.11%, with Sarantis and Mytilineos following with + 2.94% and + 2.55% respectively. More than 1% is the increase in Motor Oil, Piraeus, Jumbo, Titan and Hellenic Petroleum.
Aegean, OTE, Quest, EYDAP, Ellactor, Eurobank and Vihalko are moving slightly upwards, while PPA and ELHA are unchanged. On the other hand, Ethniki, Lambda, Alpha bank, GEK Terna, Terna Energeiaki, OPAP and IPTO are moving in negative territory, but none is moving above -0.5%.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
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