The Athens Stock Exchange is moving upwards today, which manages to approach the zone of 890 units, although the momentum to recover the level is absent in the heart of August.
In particular, the General Index registers gains of 1.10% at 888.41 units, while the turnover is at 27.6 million euros and the volume at 17.6 million pieces. An increase of 1.30% was recorded by the FTSE 25, at 2,148.76 points, while the banking index gained 2.16% at 584.89 points.
Increased connection with strangers
The General Index is at two-month highs, taking advantage of the rally of foreigners, who continue to climb over the “wall of fear” related to worries about the path of the global economy, according to certified analyst Petros Steriotis. Given the recent high correlation (correlation) of the General with the Dow Jones etc., the developments “across the Atlantic” after the close of the Greek session and until 11 p.m. they give an idea of ​​what to expect from Athens Avenue at the next opening.
According to Mr. Steriotis, diagrammatically the meeting of the DG with the simple moving average of the last 200 meetings is worth mentioning. The gauge in question theoretically separates a bull from a bear market, at least in the eyes of several institutions that want to have the “big picture”. In any case, in conjunction with the bullish signals in force, Greek investors are asked to keep in mind the “overbought” oscillators that are interest of the bullish momentum.
Also, according to Apostolos Manthos, unless something changes for the worse than what we expect and we have discounted by a large degree, the base of 800 units could hardly be lost, while at the same time the chart bets will start to rise more and more for the index to pass even above 935 units. In the short-term field, what is visible is an attempt to push above 850 to 840 units with an upward stretch towards 900 units pending the announcements of the results of the first half of the year for the companies that make up the index.
On the dashboard
On the board now, Piraeus marks a jump of 3.68%, with Alpha Bank, Titan, PPC and OPAP following with a rise of more than 2%. Above +1% are ADMIE, Sarantis, Eurobank, Mytileneos, OTE, Hellenic Petroleum, Biohalco, ELHA and GEK Terna.
Terna Energy, Aegean, Coca Cola, Quest and Lambda are moving slightly upwards, with PPA not changing. A small drop, on the other hand, is noted by EYDAP, while Motor Oil, Jumbo and Ellactor are down more than 1%.
Towards the levels of 890 points, the Stock Exchange is ‘seeing’
The Athens Stock Exchange is moving upwards today, which manages to approach the zone of 890 units, although the momentum to recover the level is absent in the heart of August.
In particular, the General Index registers gains of 1.10% at 888.41 units, while the turnover is at 27.6 million euros and the volume at 17.6 million pieces. An increase of 1.30% was recorded by the FTSE 25, at 2,148.76 points, while the banking index gained 2.16% at 584.89 points.
Increased connection with strangers
The General Index is at two-month highs, taking advantage of the rally of foreigners, who continue to climb over the “wall of fear” related to worries about the path of the global economy, according to certified analyst Petros Steriotis. Given the recent high correlation (correlation) of the General with the Dow Jones etc., the developments “across the Atlantic” after the close of the Greek session and until 11 p.m. they give an idea of ​​what to expect from Athens Avenue at the next opening.
According to Mr. Steriotis, diagrammatically the meeting of the DG with the simple moving average of the last 200 meetings is worth mentioning. The gauge in question theoretically separates a bull from a bear market, at least in the eyes of several institutions that want to have the “big picture”. In any case, in conjunction with the bullish signals in force, Greek investors are asked to keep in mind the “overbought” oscillators that are interest of the bullish momentum.
Also, according to Apostolos Manthos, unless something changes for the worse than what we expect and we have discounted by a large degree, the base of 800 units could hardly be lost, while at the same time the chart bets will start to rise more and more for the index to pass even above 935 units. In the short-term field, what is visible is an attempt to push above 850 to 840 units with an upward stretch towards 900 units pending the announcements of the results of the first half of the year for the companies that make up the index.
On the dashboard
On the board now, Piraeus marks a jump of 3.68%, with Alpha Bank, Titan, PPC and OPAP following with a rise of more than 2%. Above +1% are ADMIE, Sarantis, Eurobank, Mytileneos, OTE, Hellenic Petroleum, Biohalco, ELHA and GEK Terna.
Terna Energy, Aegean, Coca Cola, Quest and Lambda are moving slightly upwards, with PPA not changing. A small drop, on the other hand, is noted by EYDAP, while Motor Oil, Jumbo and Ellactor are down more than 1%.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
You may also like
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
The Beauty and Personal Care products company, which was established by a group of young people in Florida State of
Who are the Druzians and why does Israel protect them? – The unknown religious group of the Middle East
Dozens of people have died this week in Syria this week after clashes between believers in the new transitional government
Forex today: the US dollar recovers traction waiting for medium level data
This is what you need to know to operate today Thursday, July 17: After Wednesday’s volatile action, the US dollar
USD/CAD is approaching three -week maximums in 1,3750 while the US dollar is recovered by risk aversion
The US dollar extends its profits in risky risk markets amid increasing rumors about Powell’s resignation of the Fed. Anxiety
The price of XRP can fall before the next increase
XRP grew by 26% per week, reaching $ 2.93 after a short rise to $ 3.01. Although this caused optimism,
The GBP/JPY maintains profits around 199.00 after the United Kingdom employment data
The GBP/JPY is strengthened after the publication of mixed work figures from the United Kingdom on Thursday. The United Kingdom
VTsIOM survey: 40% of Russians are skeptical of a digital ruble
The All -Russian Center for the Study of Public Opinion (VTsIOM) said that the share of Russians who believe that
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
Who are the Druzians and why does Israel protect them? – The unknown religious group of the Middle East
Forex today: the US dollar recovers traction waiting for medium level data
USD/CAD is approaching three -week maximums in 1,3750 while the US dollar is recovered by risk aversion
The price of XRP can fall before the next increase