Stock market buyers are testing resistance

The Athens Stock Exchange is currently trying to break through the resistance of 800-805 units, which has found important allies in the effort to react, even against the pressures on specific securities.

In particular, the General Index registers gains of 1.53% at 806.73 units, while the turnover is at 19.3 million euros and the volume at 9.7 million pieces. The FTSE 25 also recorded gains of 1.72%, at 1,931.25 points, while the banking index increased by 0.92% at 469.26 points.

The ASE has managed not only to overcome the banking freeze, but also the negative international climate prevailing today, pending US inflation data. And he has done this with the help of the giants Coca Cola and OTE, but also the recovery of PPC and Quest, which are actually leading the reaction.

Of course, especially the last two titles have recorded significant losses in the last two months in order to be able to manifest some reaction which is primarily of duration, which is the purpose of a market that remains close to the lowest levels of the year. In any case, even today’s move is welcome, although it carries a high degree of risk, particularly if US inflation data causes a new wave of market turmoil.

However, what is pointed out by a stock exchange source at Capital.gr, is that the AXA may be a small regional market, which is extremely vulnerable to external shocks, but it may offer some diversification opportunities, as it is one of the few economies that the recession rather he won’t touch her this year. Of course, the degree of uncertainty is very high, especially regarding the market in July, as the first insight into Russian intentions regarding Nord Stream will also be given.

On the dashboard

On the board now, Quest scores a profit of 6.66%, PPC is at +5.94% and Jumbo, Coca Cola, OTE and Terna Energy follow with an increase of more than 2%. Above +1% are Motor Oil, Eurobank, GEK Terna, ADMIE, EYDAP, OPAP and Ethniki.

Mytileneos, Hellenic Petroleum, PPA, Alpha Bank, Titan and ELHA move slightly upwards, with Biohalkos and Sarantis not changing. On the other hand, Piraeus, Aegean and Ellactor have small losses, while Piraeus is at -1.03% and Lambda at -1.17%.