With the banking impetus the rise in the Stock Exchange

With the awakening of the banking sector and the contribution of the energy sector, the Athens Stock Exchange is gradually entering the zone of 850 units, but without trying to test it upwards.

In particular, the General Index records gains of 1.67% at 845.70 points, while the turnover is at 24 million euros and the volume at 8.5 million units. The FTSE 25 also rose 1.57% to 2,032.66 points, while the banking index gained 3.38% to 538.81 points.

The banking sector “owed” a reaction to the market, as it had lagged behind in its attempt to react from the 815 units in which it was only found on June 16. After last week’s turmoil, the current one has started better than expected, although the turnover remains a thorn in the side of many potential buyers.

“Awakening”, however, we have in the case of PPC, which after an unprecedented downward streak from 8 euros at the end of April to 5.21 euros last Thursday, has taken significant steps in the last three meetings. And this is not the only case of buyers focusing, who are still investigating cases of large fall in valuations, in order to identify buying opportunities.

Of course, the reaction that has been observed since last Friday may prove to be short-lived, if the market does not raise its trading rates and does not rise above 850 points. There is the informal milestone of buyer activation, as if the level is not recaptured, caution will be maintained due to major international uncertainties.

On the board

On the board now, Eurobank, Motor Oil and Mytilineos are gaining more than 4%, with Ethniki being at + 3.55% and Hellenic Petroleum at + 3.09%. Alpha Bank records an increase of 2.91%, with Aegean, OTE, PPC, Viohalko, Piraeus, IPTO, PPA, ELHA Lambda and Quest following with profits of more than 1%.

EYDAP, Titan, OPAP and Quest are moving slightly upwards, with GEK Terna, Ellactor and Terna Energeiaki following with small losses. -2.25% of Coca Cola is the one that has the most impact, holding the General Index.