ATHEX – Stabilization around 890 units

The Greek stock market is currently in an investment truce and trading within a narrow range, which with the trading activity remaining at very low levels confirms its stay in the zone of 880 – 890 units.

In particular, the general index moves with gains of 0.27% to 890.96 points, with a volume of only 1 million units.

It is obvious that the ATHEX is affected by the international climate, which although it has improved in recent days, no one can say for sure that it is a consequence of the strengthening of confidence. According to foreign analysts, the positive image is more associated with selective markets due to quarterly results and less with an outlook that shows that we are in a healthy uptrend.

In such a context, the ATHEX seems to have some resilience but this of course can not be maintained for long, especially if the overall index remains below 895 points, maintaining the negative short-term scenario. The picture will deteriorate further if the overall index slides below 880 points.

In terms of securities now, Ellactor with + 2.15%, but also National and Alpha Bank with + 1.09% each record support the market. ELHA, Motor Oil, Terna Energy, Eurobank, Viohalko, Mytilineos, OTE and PPC are also moving positively, with Jumbo, Hellenic Petroleum, PPA and OPAP being in negative territory, among the titles of high capitalization.