ATHEX – At 880 units

The Greek stock market is moving in the same pattern as yesterday, which in an environment of very low trading activity due to seasonality, is trying to confirm the 880 point mark.

The general index gained 0.25% to stand at 883.39 points, but the turnover took almost 10 minutes to exceed 1 million euros.

It is expected that just two (along with today) sessions before Christmas, the ATHEX will show this low trading activity, making any conclusions about its trend uncertain. The only thing that is certain, however, is that there are concerns about the course of the pandemic, but not to the extent that they would cause panic, postponing any moves that may involve some degree of danger.

Cautious optimism

In fact, as several domestic analysts have pointed out, although the growth in 2021 will exceed initial forecasts and this positive course will continue in the next period, the uncertain evolution of the pandemic in our country, with the possible predominance of the Omicron mutation, at the moment, requires moderate optimism, especially in the event that measures are needed to address the situation.

In such a context, PPA, Jumbo and Hellenic Petroleum support the positive sign of the market, as they record profits of more than 1%, while Coca Cola, OTE, GEK Terna, Eurobank, OPAP, Piraeus and Viohalko move with a small increase. On the other hand, the burden lies on National Bank, Alpha Bank, Mytilineos and Terna Energeiaki.