ATHEX – Stabilizing trends

The image of stabilization around 870 points is the choice spot for the Greek stock market today, as well, which of course, although stuck close to the lows of the last month, shows resilience to international turmoil. Until the international climate is normalized, analysts judge the market to be positive, even if it is horizontal and with low turnover.

What is interesting, however, in comparing ATHEX with the climate in the international markets, is that in contrast to the technological pressures that the large world indices are receiving, the Greek stock market is currently finding support from the energy sector. Hellenic Petroleum, Motor Oil, IPTO and other securities give some significant support, against the pressures on Viohalko, ELHA and banks, but with the volatility being present and intense, given the low transactions.

So if it manages to overcome the reef of the negative international climate, then the chances of a reaction again to the zone of 900 units is considered more probable, by most analysts. In any case, time will be the judge, as the ATHEX supports do not have great endurance in a long international pressure cycle.

The general index is moving in the zone of 871 points with small losses, essentially balancing on the controlled pressures of most of its stocks. It is indicative that apart from the above titles that stand out, the fluctuations in OTE, Ethniki, Coca Cola, Alpha Bank and Eurobank do not exceed -0.5%.