The stock market withstood the index pressures

of Alexandra Tombra

Cautiousness, but also with several installments of stabilization and restructuring of portfolios, prevailed today on the Athens Stock Exchange, which did not change its technical image but only assimilated the levels more.

In particular, the general index closed with an increase of 0.31% to 893.47 points, while today it moved between 895.31 points (+ 0.52%) and 886.38 points (-0.49%). The turnover amounted to 49.98 million euros and the volume to 17.22 million units, while 258 thousand units were traded through pre-agreed transactions.

The stock market withstood the index pressures

The index of high capitalization closed with an increase of 0.50%, at 2,166.60 points, while at -0.15% Mid Cap completed the transactions at 1,528.46 points. The banking index closed with gains of 0.73% at 655.52 points.

Ukraine and energy

The quicksand on which the markets around the world are called to operate reaches as far as Athens Avenue, which today, however, managed to keep the levels it regained last week with the mini rally that it marked. And this image alone, as a stock market source in Capital.gr typically states, is important, considering that the balance of power between Russia and Europe is constantly changing, affecting vital sectors of the economy in both regions. Indicative of the above is the bra – de – ferry that exists between Europe and Russia for gas supplies, but also how to pay the relevant contracts.

The accumulation at current levels may be necessary for the upward trend to have a future since, in addition to the winners of the March lows who secured profits without breaking the chart, there has been a shift of interest to companies with high specific weight (Coca Cola, Banks ) creating new upward “pockets”.

International uncertainty, domestic development

Everything shows that we have entered a new period relatively unknown for its results, a fact that will increase insecurity and volatility, comments Elias Zacharakis of Fast Finance. Foreign markets are in a phase of concern at best. The deleverage does not seem to have started, although it seems that they may prefer a long accumulation and volatility at best.

On the other hand, the economy manages to continue to grow, something that will inevitably pull the stock market up. The banking sector is ahead by a margin and is already running with profits of 13%, entering the target of more and more medium-term institutional portfolios day by day. The industry is now investable after many years with companies often raising their targets frequently, he adds.

On the board

On the board now, Mytilineos stood out with the + 3.17% he recorded, with Quest and Ethniki following with + 2.54% and + 2.01% respectively. The increase in Jumbo, PPC, Motor Oil and Alpha Bank was over 1%, while Ellactor, Hellenic Petroleum, Aegean, Viohalko, IPTO, OTE, Piraeus, OPAP and GEK Terna closed positively.

On the other hand, Titan and Coca Cola exerted the greatest pressure on the general index, as they lost 3.12% and 2.38% respectively, while Sarantis recorded losses of 1.10%. Terna Energeiaki, Lambda, Eurobank, PPA and ELHA closed slightly lower, with EYDAP closing unchanged.

Source: Capital

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