New upward effort in the Stock Exchange

The Athens Stock Exchange is making a new attempt to move higher today, which has been trying to change its level for two days now, but without closing it achieves anything better than staying in the zone of 830 points.

In particular, the General Index records gains of 0.61% at 841.35 points, while the turnover is at 3.5 million euros and the volume at 1.1 million units. The FTSE 25 also recorded an increase of 0.81%, to 2,027.66 points, while the banking index gained 0.57% to 535.25 points.

The market today is trying not only to cross the 840 points, but also to find the way to the 850 points, in order to undo the short-term downturn scenario that is in force. Of course, he tried the same in yesterday’s meeting, without success, as the degree of caution is great.

At the present time, the ATHEX has to deal with both international uncertainty, which has caused large capital shifts to safer placements, and, on the other hand, low trading activity, which also reflects the waiting moods for many portfolios. Expectation and caution more specifically, as there are many investors who prefer to indulge in short-term moves rather than take large positions with optimistic prospects.

At the same time, the European Central Bank has not given more details about the new tool it is working on to prevent fragmentation in the Eurozone, with markets showing their nervousness, as bond yields remain high. Some domestic analysts believe that possible announcements by the ECB will have a positive effect on the ATHEX, as the measures will also benefit Greek bonds.

On the dashboard

On the board now, Terna Energy moves with gains of 2.74%, with Jumbo, GEK Terna, PPC, Coca Cola, OTE, ELHA and Hellenic Petroleum following with an increase of more than 1%.

IPTO, Ellactor, Viohalko, Alpha Bank, Eurobank, Moto Oil, OPAP, Piraeus, Ethniki, Aegean, Titan, Sarantis, EYDAP and Lambda are moving slightly upwards. Mytilineos records losses of 1.41%, due to dividend cut.