ATHEX – Cautious rise

The Greek stock market is moving slightly upwards today, trying to follow the rhythm of European markets and regain yesterday’s lost ground, without missing the titles that are in the “red” and have a deterrent effect on the approach to 910 points.

On the positive side, however, the market has confirmed its intention to stay above 903 points, where the 30-day moving average remains, taking even a short lead, with the overall index moving 0.4% to 907 units.

However, what domestic analysts point out is that the market needs to be cut off from its latest link to international uncertainty, as several precursors to the economy have emerged that blur the positive outlook that was erased over the summer. And this image is what stops any attempt to take risks in the small, regional market, like the Greek stock market.

However, the average estimate that has prevailed in recent days in the market is that by the end of September much of the uncertainty will start to fade, as the meeting of the Federal Reserve will have taken place, which will give a guide to its intentions, while German elections have also taken place. The landscape with the Delta version of Covid 19 will also have cleared, with the markets knowing more about the coming period.

Now in terms of securities, OPAP stands out with the + 2.55% it records offering significant support, with Alpha Bank, Coca Cola, Viohalco and Jumbo framing it with significant profits.

PPC, National Bank, Motor Oil and Eurobank are also in positive territory, while the losses in Piraeus, OTE, Mytilineo and GEK Terna are currently under control.