Ukrainian ρικό nervousness in the Stock Exchange

In the midst of opposing forces is now the Athens Stock Exchange, which not only lost its morning gains, but now struggles to remain in the zone of 960 points, facing the caution fueled by geopolitical developments in Ukraine.

In particular, the General Index records gains of 0.05% at 956.38 points, while the turnover is at 24.2 million euros and the volume at 10.8 million units. The FTSE 25 also recorded a fall of 0.03%, at 2,337.38 points, while the banking index gained 0.34% to 731.46 points.

Cautiousness was present on the ATHEX today, even when the overall index reached 964 points, let alone when the clouds returned to the relations between Russia and the West and the new regressions about whether there will be a final agreement between US President Joe Biden. , and his Russian counterpart, Vladimir Putin. The same picture is shown by European indicators, as the Kremlin’s clarification that “there is nothing definite” at the time of the Biden-Putin meeting, mitigated the initial optimism that the news had brought.

Technical image

However, what most domestic analysts advocate is that the ATHEX will show some resilience so as not to lose its positive technical image. As Aenaon Markets’ Apostolos Manthos points out, the short-term chart analysis of the FTSE / ASE Large Cap high capitalization index shows that it is trying to move above the local peak it had in January 2020, at 2,371 points, just before the health outbreak crisis.

Here the index uses as a base of attack of buyers the area that extends from 2,320 to 2,300 units. As long as this level remains steady at the close of the day, the effort to confirm a break of 2,371 points and move to the next target of 2,440 points or a + 4.3% from the current price levels will intensify (the analysis was written last Thursday morning). ). The sponsor of the upward movement is the Fibonacci simple moving average of 21 days.

On the board

On the board now, PPC is gaining 2.03%, with Piraeus, ELHA, Quest and Motor Oil following with an increase of more than 1%. EYDAP, Viohalko, Ethniki, Alpha Bank, Lambda, Eurobank, Hellenic Petroleum, Titan, GEK Terna and Mytilineos are moving slightly upwards.

On the other hand, the losses in Jumbo and OPAP reach 1.86% and 1.16% respectively, with Sarantis, Aegean, Ellactor, Coca Cola, IPTO, PPA and OTE following with a small drop. Mytilineos and Terna Energeiaki move unchanged.