The Stock Exchange sees all 850 points

of Alexandra Tombra

The Athens Stock Exchange is currently trying to regain contact with the 850 units, although the approach to this critical level requires more forces than the current market has.

In particular, the General Index records gains of 1.50% at 844.29 points, while the turnover is at 5 million euros and the volume at 2 million units. The FTSE 25 also recorded an increase of 1.88%, to 2,038.88 points, while the banking index gained 2.97% to 536.67 points.

After losing 850 points on June 14, the ATHEX seemed unable to show a convincing reaction that would undo the negative scenario, on all horizons. However, even with very small volumes, it has already held two consecutive uptrends, approaching today the 850 points, the uptrend of which according to many will improve the market image.

But in order to confirm the above scenario, the market will have to show that it can spread the rise to more titles and leave behind the selectivity it has shown in recent days. After all, even in the recent climb of the general index a little over 900 points, the protagonists were very specific titles and not the market as a whole.

In any case, the upward break of 850 units must occur relatively soon, as the scenario of testing the support band of 830 to 820 units will remain in force. Also, a downward trend with negative daily closures below 820 points will provide chart ground for the 800 to 790 point range.

On the board

On the board now, PPC and Alpha Bank record gains of 3.73% and 3.12% respectively, with Eurobank, Jumbo, Mytilineos, Ethniki, Piraeus, Hellenic Petroleum, Biochalco, Quest, OTE and Terna Energy following with an increase more than 2%.

The increase in IPTO, EYDAP, ELHA, Sarantis and GEK Terna is over 1%, with OPAP, Titan, Lambda, Motor Oil and Aegean moving slightly upwards. Coca Cola, on the other hand, lost 1.13%, with Ellactor at -0.23%. The PPA has no change.