Counterattack of buyers on the Stock Exchange

The climate of generalized optimism in the international markets utilizes the Athens Stock Exchange, with buyers having returned dynamically to the forefront giving a strong impetus to the General Index.

In particular, the DG is moving at 847.27 points with an increase of 2.71%, the FTSE 25 is strengthened by 3% and is at 2,035 points, while the barometer index, the banking one, follows an even better course, recording an increase of 4.39% at 593.81 points.

The de-escalation of oil prices, which fell below $ 100 after jumping to $ 140 and entered a bear market area, combined with new signs of political convergence between Russia and Ukraine, has brought renewed optimism to world markets. in the last hours.

Wall Street started yesterday, with a jump of 600 points for the Dow Jones and a technological counterattack of almost + 3% on the Nasdaq, the indices in Asia followed today with the Chinese rally, and the Europeans have now taken the baton.

Indicatively, the EuroStoxx 50 is strengthening by almost 2.5%, the French CAC 40 is moving at + 2.35% and the German DAX has comfortably regained 14,000 units (moving at 14,277 with + 2.3%), from where it sees the 14,460, exceeding which will mean a reversal of its short-term trend.

In this climate, the Greek market, after a session yesterday of selective movements with stock picking in the low of the day and anemic turnover, today again tries to overcome with the naked eye in the first phase at 857 points.

From this point the next target becomes the level of 880 units, on the contrary the situation is complicated if the 800 units are lost, the long-term support is at 780, while as has been pointed out in recent days the trend becomes upward after 900 units.

Meanwhile, the decision of the monetary policy committee of the US Federal Reserve is announced today, which is considered a given that it will proceed to increase its interest rates for the first time after 2018, by 25 basis points as geopolitical developments have virtually eliminated the possibility of some more aggressive move.

In the geopolitical field, where the eyes of the whole world are focused, Russian Foreign Minister Lavrov said today that some forms of possible “agreements” between Russia and Ukraine have already begun to take shape, with Kyiv seriously considering the declaration of the Ukrainian state as ” neutral “.

Finally, in the domestic news, Ethniki throws the curtain today on the results of the systemic banks, while Cenergy announces its own figures.

The dashboard image

Banking shares have the reins of the session, with the EIB at + 4.19%, Eurobank at + 4%, Alpha at + 3.92% and Piraeus at + 3.6%.

Lambda and MIG move at + 3.2%, OTE and TERNA Energy increase by 3.1%, followed by PPC with + 2.6%, Aegean and HELEX with + 2.5%, OPAP with + 2.4% and PPA with + 2.24%.

At the same time, the index share of Coca Cola is trying to recover the 20 euros with + 1.4%, Mytilineos is moving at + 1.92% and Elvalhalcor at + 1.9%.

In the medium capitalization, Intracom deletes yesterday’s losses, moving to + 3.25%, Cenergy follows with + 3%, Olympic Technique strengthens by 2.9%, Papatsanis by 2.8%, Iktinos by 2.76% and Avax at + 2.5%.

M. Chachladakis