The Stock Market timidly ‘sees’ all 850 units

The Athens stock exchange is trying to close July close to, if not above, 850 units today, which finds significant support from the corporate results that have been announced so far.

In particular, the General Index registers gains of 0.59% at 844.51 units, while the turnover is at 3.7 million euros and the volume at 1.1 million pieces. An increase of 0.69% was recorded by the FTSE 25, at 2,036.53 points, while the banking index gained 1.33% at 520.84 points.

Last session of July today, and the general index is positive, reversing even the pressures of the first ten days. And the performance may have been soft and controlled, but the AXA managed to withstand a difficult international environment, in which the uncertainty of monetary policies postponed many investment decisions by foreigners.

Of course, the decrease in turnover in the market is not a trivial observation, as its downward course came earlier this year. The average value of the transactions was fixed around 50 million euros per day, with many of them, especially in the second ten days of July, being traded through pre-agreed transactions. Therefore, the activity of many portfolios was limited to some movements in selected securities, especially the usual suspects of banks and the energy sector.

Today the market is also awaiting Eurobank and Ethnikis results after the close, with JP Morgan quick to report that they will be strong across the board. JP Morgan anticipates strong operating results due to high new lending activity and a still favorable risk environment, broadly reflecting trends from the first quarter.

Dashboard

On the board now, Ethniki, Eurobank, Lambda, Piraeus, Alpha Bank and Coca Cola lead the positive sign with gains of more than 1%, while Titan, Terna Energy, PPC, Mytileneos, Terna Energy are moving slightly upwards , GEK Terna, EYDAP, OTE, Biohalco, Motor Oil, Quest and ADMIE.

On the other hand, Sarantis and ELHA are in negative territory, recording losses of 0.88% and 0.14% respectively, while PPA, Jumbo, Hellenic Petroleum, Ellaktor, Aegean and OPAP are unchanged.