With the ‘right’ in December the Stock Exchange

The Athens Stock Exchange is currently trying to confirm its stay above 870 points, entering the last month of the year moving in an environment mined by the new mutation of Covid 19.

In particular, the General Index records gains of 0.87% at 875.30 points, while the turnover is at 5.5 million euros and the volume at 2.4 million units. The FTSE 25 also recorded an increase of 0.94%, to 2,097.20 points, while the banking index gained 0.81% to 558.65 points.

The market is essentially looking for its footprints at current levels, after the big correction brought by the appearance of the “omicron” mutation. Of course, there is also the optimistic reading of the developments, which states that with only eight uptrends in November, the ATHEX managed to stay within the range of the multi-month accumulation, even showing twice the last stop to the sellers who led it to bottom range.

The question now is this: Did Athens Avenue manage to keep even a small part of the foreigners inside its walls, with the admittedly attractive levels at which it has found itself? If it succeeds, it is possible that they will act as a mound in the last month of the year and in an environment that is really mined by the uncertainty of Covid 19. Otherwise, even the closure of the Greek portfolios will test the market levels again, completing a year in which 9 of the 12 months were in lateral motion.

However, the negative scenario seems to have a better chance, given that the course of the pandemic is not optimistic. After all, the government itself is exhausting the quiver to reduce the pandemic in the community, adopting the measure of extending the obligation of vaccinations to the critical age group of 60 and over.

On the dashboard

On the board now, ELHA, PPA and Mytilineos record gains of more than 2%, while more than 1% is the rise in Coca Cola, Titan, Jumbo, Piraeus, Hellenic Petroleum, Viohalko, Lambda, Alpha Bank, Motor Oil and OTE.

OPAP, Ethniki, Terna Energeiaki, Eurobank and IPTO are moving slightly upwards, while Ellactor and Sarantis have not changed. On the other hand, PPC, EYDAP, GEK Terna, Aegean and HELEX are moving slightly downwards.