Trading around 880 units on the Stock Exchange

The Athens Stock Exchange is currently trying to confirm its stay above 880 points, but it has enough weight to be able to gain momentum and continue the difficult task of recovering lost ground.

In particular, the General Index records gains of 0.10% at 880.15 points, while the turnover is at 1.4 million euros and the volume at 2.2 million units. The FTSE 25 also recorded an increase of 0.11%, to 2,113.50 points, while the banking index gained 0.08% to 570.88 points.

From the low of 857 points on November 26, the general index is now trying above 880 points, which although it “met” on Friday, in the end did not conquer. But the most important thing, according to Fast Finance, is that the zone of 855 points kept its character with DG trying to stabilize again above the 200m and the trend that was lost last week (880).

Essentially the market is looking to prove to us if all we saw was just a correction before re-testing the significant 930-point range, but it should cross the substantial 901-point level. The banking sector is an ally in this effort, which, as long as it maintains 563 units, aims at 585 units in the first phase and 610 units in the second phase.

According to Fast Finance, for better or worse, the market, even in the short term, is tied to foreign markets. An occasion must be found to change level and approach even larger funds. The only sure thing is that growth will run at a significantly faster pace than other countries while it has a lot of news ahead.

Business news is a given in the near future, while macroeconomics also support a positive development. What is observed here is that funds that were inactive are now entering the real economy without fear of tomorrow. It is one of the rare cases where we see the real economy preceding the stock market in the inflow of new capital.

On the board

On the board now, ELHA is moving with gains of 2.59%, with Coca Cola and Titan following with + 1.41% and + 1.32% respectively. HELEX, EYDAP, Piraeus, Aegean, OTE, Ethniki, OPAP, Biochalko, Hellenic Petroleum and Eurobank are moving slightly upwards.

On the other hand, the losses in Ellactor, GEK Terna and Mytilineo are over 1%, while PPC, Alpha Bank and Sarantis are moving slightly downwards. Unchanged are Lambda, Motor Oil, Jumbo, PPA, Terna Energy and IPTO.