‘Weak’ towards 880 units the Stock Exchange

LAST UPDATE: 11:42

Unable to break through the level of 880 points, the Athens Stock Exchange appears, which, although it started trading with significant gains, is now in the midst of countervailing forces, with sellers attempting to gain control.

In particular, the General Index registers gains of 0.19% at 877.14 points, while the turnover is at 8 million euros and the volume at 3.5 million pieces. An increase of 0.23% was recorded by the FTSE 25, at 2,114.23 points, while the banking index gained 0.43% at 566.97 points.

Although the AXA was up to 885 points, it is now trying to absorb the pressures of profit-taking movements. Of course, yesterday’s close above the 200-month exponential moving average (866.64 points), helps the market to keep the upward thread again after last Friday’s big dive. Now the rise to the next big level of 900 points has a better chance, unless seasonality “postpones” its test for the end of the month.

Index-heavy Coca Cola HBC, which announced the results of the first half of the year, is also operating positively today. And the big message it seems to have given is that the worst of the Russia-Ukraine war is behind it, with the market’s reaction to that, as it has implicitly done for other stocks that have shown themselves to be affected by the aftershocks of that war. conflict.

At the same time, several analysts today referred to possible volatility due to MSCI. However, no inclusion/deletion from the MSCI Greece Standard Index is expected. If there is any surprise, the changes will be implemented on September 1, 2022, while it is not excluded that Greek securities will be affected by other changes that will bring changes in shares and weightings. The next semi-annual review announcement is scheduled for November 10, 2022.

On the dashboard

On the board now, Coca Cola stands out with the +1.31% it registers, although earlier it was even at +2.87%, with Alpha Bank, Quest, OPAP, Ethniki, GEK Terna, ADMIE and Mytilineo they follow with mild gains. Without change are Sarantis, Eurobank, Motor Oil, Aegean and Hellenic Petroleum.

On the other hand, in negative territory are Jumbo, OLP, ELHA, OTE, Terna Energy, Lambda, PPC, Titan and Piraeus, with EYDAP, Ellactor and Biohalco recording losses exceeding 1%.