The Stock Exchange ‘sees’ all 860 units

Led by the bullish reaction of several of its stocks, the Athens stock market is on track to recover 860 points, recovering from Friday’s plunge as the prime minister dismissed fears of a political crisis in the shadow of the wiretapping case.

In particular, the General Index registers gains of 0.92% at 857.02 units, while the turnover is at 19 million euros and the volume at 8.8 million pieces. An increase of 0.90% is recorded by the FTSE 25, at 2,063.84 points, while the banking index registers gains of 0.58% at 539.95 points.

The market is trying to show a reaction in the shadow of political developments, having on its side the positive sign of several of its securities. Of course, the willingness to take risks is very low, as the political scene is now mined by the case of wiretapping, however, there are not a few titles that attempt to react after the communication manipulations of the prime minister.

Indeed, the market sees that, at least for now, the government does not appear to be threatened by the developments, with Maximou even confirming his intention to clear up the wiretapping case. Of course, the continuity of the reaction may be put to the test, as the political scene is not expected to clear up immediately, while the seasonality does not help the undertaking of investment initiatives.

In essence, the AXA tries to manage the challenges both inside and outside the country, keeping a level that is not considered particularly risky, but also maintaining many portfolios in a fighting position. And as a stock market source comments on Capital.gr, the cost of this case could have been even greater if it did not coincide with the heart of August 15th, a period in which many portfolios only maintain their margins.

On the dashboard

On the board now, Lambda jumps 5.36%, with Alpha Bank, Piraeus and Mytilene following with gains of over 2%. Quest, Ellaktor, Coca Cola, EYDAP, ADMIE, OTE and ELHA move above +1%.

Biohalco, Aegean, OPAP, Sarantis, Titan, PPC, Terna Energy and Ethniki are moving slightly upwards, while Jumbo, Hellenic Petroleum and Motor Oil are unchanged. On the other hand, the losses in PPA, GEK Terna and Eurobank are controllable.