The Athens Stock Exchange closed today with a significant jump, reestablishing contact with the critical levels of 800 units, although the breakdown of which will require significant forces that will be able to reverse the downward channel the market has been in since the end of April.
In particular, the General Index closed with a rise of 2.06% to 795.24 points, while today it moved between 782.76 points (+0.46%) and 798.55 points (+2.48%). The turnover amounted to 75 million euros and the volume to 44.6 million pieces, while 4 million pieces were traded through pre-agreed transactions.
The high capitalization index closed with a rise of 2.29%, at 1,900.10 points, while the Mid Cap ended trading at +3.43% and at 1,301.61 points. The banking index closed with an increase of 4.26% to 465.97 points.
Strong push from banks
Important was the boost received by the market from the banking sector, which after the pressures of the last weeks today managed to make a strong jump. The banking index took a gain of 20 points and moved away from yesterday’s low of 443 points, but of course it is well away from the 700 points it was on April 21st.
However, beyond today’s comforting reaction, the General Index must recover critical levels that will help it stop the downward spiral it has been in. But in order to achieve this it will in any case need to rise above 800 units, with the next target being 850 units. Also, the banking index must in any case recover the 500 points and give the signal of recovery after a month and a half of continuous decline.
The question therefore is whether the market has seen its lows, or if today’s decline is a “break” in the reduction in risk that has eaten away at valuations. As several analysts report, the uncertainty is so great that any assessment risks being immediately refuted. That is why they recommend moves that have a longer horizon, so that many portfolios can secure positions that will pay off significantly over time.
On the dashboard
On the board now, Ethniki, Biohalco and Hellenic Petroleum closed with a jump of 8%, with ELHA finishing at +6.61% and Mytileneos and Jumbo at +5.39% and +5.48% respectively. Aegean closed at +4.89%, while Eurobank, Titan and Terna Energy rose by more than 3%.
Profits in Sarantis, EYDAP and ADMIE exceeded 2%, while those of Alpha Bank, OTE, PPC, Quest, OPAP and GEK Terna exceeded 1%. PPA recorded a small increase, while Ellactor, Lambda and Piraeus closed slightly down. Coca Cola lost 1.39% and Motor Oil closed at -5.43%.
With a 2% jump, the Stock Exchange responded to the 6-day falling streak
The Athens Stock Exchange closed today with a significant jump, reestablishing contact with the critical levels of 800 units, although the breakdown of which will require significant forces that will be able to reverse the downward channel the market has been in since the end of April.
In particular, the General Index closed with a rise of 2.06% to 795.24 points, while today it moved between 782.76 points (+0.46%) and 798.55 points (+2.48%). The turnover amounted to 75 million euros and the volume to 44.6 million pieces, while 4 million pieces were traded through pre-agreed transactions.
The high capitalization index closed with a rise of 2.29%, at 1,900.10 points, while the Mid Cap ended trading at +3.43% and at 1,301.61 points. The banking index closed with an increase of 4.26% to 465.97 points.
Strong push from banks
Important was the boost received by the market from the banking sector, which after the pressures of the last weeks today managed to make a strong jump. The banking index took a gain of 20 points and moved away from yesterday’s low of 443 points, but of course it is well away from the 700 points it was on April 21st.
However, beyond today’s comforting reaction, the General Index must recover critical levels that will help it stop the downward spiral it has been in. But in order to achieve this it will in any case need to rise above 800 units, with the next target being 850 units. Also, the banking index must in any case recover the 500 points and give the signal of recovery after a month and a half of continuous decline.
The question therefore is whether the market has seen its lows, or if today’s decline is a “break” in the reduction in risk that has eaten away at valuations. As several analysts report, the uncertainty is so great that any assessment risks being immediately refuted. That is why they recommend moves that have a longer horizon, so that many portfolios can secure positions that will pay off significantly over time.
On the dashboard
On the board now, Ethniki, Biohalco and Hellenic Petroleum closed with a jump of 8%, with ELHA finishing at +6.61% and Mytileneos and Jumbo at +5.39% and +5.48% respectively. Aegean closed at +4.89%, while Eurobank, Titan and Terna Energy rose by more than 3%.
Profits in Sarantis, EYDAP and ADMIE exceeded 2%, while those of Alpha Bank, OTE, PPC, Quest, OPAP and GEK Terna exceeded 1%. PPA recorded a small increase, while Ellactor, Lambda and Piraeus closed slightly down. Coca Cola lost 1.39% and Motor Oil closed at -5.43%.
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
A dead from the hit Ukrainian drones in Kursk
An invasion of Ukrainian Armed Forces with unmanned aerial vehicles claimed the life of a man in the Russian region
Arab countries will condemn Hamas and ask her disarmament, France’s Foreign Minister Jean-Noel Baro announces
Arab countries will first condemn Hamas and call for its disarmament at the UN Ministerial Conference early this week to
Israel occupied the Handala boat of the “Fleet of Liberty” heading to the Gaza Strip
Israeli soldiers boarded the Handala, a “Fleet of Freedom” boat, heading to the Gaza Strip to hand over humanitarian aid
Three dead from Israeli blows in Lebanon – Israeli army says he killed a Hezbollah executive
Three people were killed today by Israeli blows in southern Lebanon, the country’s health ministry said, while Israel claims to
Humanitarian aid throws began to the Gaza Strip
The Israeli army began throwing humanitarian aid into Gaza tonight, one spokesman said. Palestinian sources have confirmed that parcels began
The United Arab Emirates resumes aid throwing on the Gaza Strip
The United Arab Emirates will resume “immediately” with humanitarian aid throws in Gaza, the country’s Foreign Ministry said, citing the
Get the latest
Stay Informed: Get the Latest Updates and Insights
Most popular
Young Entrepreneurs Sending Gifts To Their Generous Supporters!
A dead from the hit Ukrainian drones in Kursk
Arab countries will condemn Hamas and ask her disarmament, France’s Foreign Minister Jean-Noel Baro announces
Israel occupied the Handala boat of the “Fleet of Liberty” heading to the Gaza Strip
Three dead from Israeli blows in Lebanon – Israeli army says he killed a Hezbollah executive