ATHEX – Stabilization for the second day

The stabilization in the zone of 900 points is the scenario that is confirmed today by the Greek stock market, which seems to be holding the sessions until the end of the month without being willing to take any bigger risk.

Thus, the general index is moving with gains of 0.06% at 902.67 points, with the transactions remaining low.

Although domestic analysts expected more mobility after a profitable month, the market seems to be balancing at around 900 points, waiting for the next catalyst to show it the way. After all, it’s been a busy week, not only with tomorrow’s holiday, but also with the technical problem that prevented trading for many hours on Monday.

October now has a chance to take back all the lost ground of September (-6.3%) and with the support of news (PPC, company results, business agreements) to create conditions for a year-end rally closing the profit gap with foreign markets.

At the level of titles now, the pressures are mainly located in Viohalko, Ellactor, GEK Terna and Piraeus, while the picture is negative for Coca Cola, Jumbo, Mytilineos and Titan. The support, on the other hand, comes from IPTO, but also from OTE, Alpha Bank, Ethniki, PPC, Eurobank and OPAP.