Turnover with packages and small profits in the Stock Exchange

In the zone of 900 units for the first time since the beginning of June, the Athens stock exchange closed today, with most index-weighted stocks on its side, which stood as an important support against the pressures that were not lacking even today.

In particular, the general index closed with a rise of 0.17% at 899.16 points, while today it moved between 902.37 points (+0.53%) and 892.97 points (-0.52%). The turnover amounted to 84.68 million euros and the volume to 30.87 million pieces, while 7 million pieces were traded through pre-agreed transactions.

The high capitalization index closed with an increase of 0.11%, at 2,177.04 points, while the Mid Cap ended trading at +0.22% at 1,398.36 points. The banking index closed up 0.14% at 595.10 points.

For the week, the general index gained 2.32% and the FTSE 25 gained 2.64%. The banking index rose 3.95% in the five-day period.

The turnover today received a significant boost from the packages traded, the value of which reached 37.6 million euros. OPAP traded six packages of 2.24 million units with a total value of 30.88 million euros, Eurobank 4.6 million units with a value of 4.56 million euros and Piraeus 25 thousand units with a value of 29 thousand euros. Motor Oil 92 thousand pieces worth 1.6 million euros and Terna Energy 20 thousand pieces worth 352 thousand euros.

So, with turnover soaring from the pre-agreed trades, the ASE ended a week of low expectations but satisfactory performance in the best possible way. Quietly, but steadily, the ASE absorbed throughout the week the pressures of corrective movements and profit-taking, even closing the five-day period with gains.

The daily pattern for the week was more or less stable, with the market starting with quite a bit of jitters and closing positively at the end, even in the shadow of the new rise in the Greek 10-year bond yield. In fact, while last week the yield was in the zone of 3%, today it has reached 3.60%, with the market essentially testing the limits and the determination of the new tool of the European Central Bank, which aims not to there are such wide differences in the borrowing costs of Eurozone governments, that is to prevent fragmentation.

Of course, the alarming “signals” that assets have been sending since the beginning of the week, such as the “plunge” in cryptocurrencies, the climb of the US bond yield towards 3% and the shift of money flows to the US dollar, are worth taking into account. Greek investors, however, is recommended by the certified analyst, Petros Steriotis.

According to Mr. Steriotis, the upward trend of the last few weeks in the Banking Index is starting to come “before its responsibilities” based on what the daily price chart of the sector (DTP) shows. In particular, the downward trend line that connects the most important highs of the year passes through 600 units. At the same levels is 50% of the “rally” from the lows to the highs of the year, as well as the psychological resistance that the “two dozen” average daily closes pose to DTP.

Dashboard

On the board now, Motor Oil closed with gains of 2.68%, with Piraeus, Hellenic Petroleum and Coca Cola following with gains that exceeded 1%. Sarantis, Titan and Eurobank closed slightly higher.

On the other hand, Ellaktor closed with losses of 2.10%, with PPA following with its -1.13%. ELHA, GEK Terna, PPC, Terna Energy, Lambda, EYDAP, Biohalco, Aegean, ADMIE, Mytilineos, Quest, Ethniki, OPAP, Jumbo, OTE and Alpha Bank closed slightly down.