The stock market finds support

Under control, the Athens stock exchange has managed to contain its pressures, which finds significant supports in the small but useful gains of selected index-weighted securities, which hold the levels of 860 units.

In particular, the General Index recorded losses of 0.18% at 862.27 units, while the turnover is at 19 million euros and the volume at 7.6 million pieces. The FTSE 25 also registered a fall of 0.16%, at 2,085.22 points, while the banking index lost 0.08% at 551.51 points.

Although the negative sign dominates the high-cap index, the positive sign in selected index-heavy securities such as Coca Cola, OTE and Eurobank help the market not to lose 860 points. In fact, buyers were activated as soon as the general index appeared to slide towards 857 units, with the energy bucket remaining under pressure.

Today’s session has already taken on the hallmarks of a typical corrective move amid a mini-rally that has added over 60 points to the market in two weeks and a few days. And the bet is to continue the upward trend in the coming days, before August “gets” to gnaw even more at the investment initiatives of the remaining investors.

Of course, the results expected today and in the coming days are expected to set the tone, which according to analysts will be positive, although estimates indicate that interest will be selective. The positive scenario is that the market accelerates the breakdown of the 200-day moving average, at 866 units, with increased turnover, so as to significantly improve its technical image.

Dashboard

On the board now, Terna Energy is losing 2.87%, with PPC, ADMIE, Piraeus and Mytilene following with losses exceeding 1%. ELHA, Hellenic Petroleum, Ethniki, PPA, Motor Oil, EYDAP, Lambda, Quest, Alpha Bank and Jumbo are moving slightly upwards.

On the other hand, Sarantis, GEK Terna, Titan and Eurobank rose by more than 1%, while Viohalco, Coca Cola, Aegean, Ellactor and OTE moved slightly upwards. OPAP is unchanged.