ATHEX – Maintains upward momentum on idle

The Greek stock market is currently finding fuel to recreate a safety cushion, but it is in the “tunnel” of low trading activity, given the holiday in the US.

The general index moves with gains of 0.67% to 955.72 points with the turnover taking almost three hours to exceed 20 million euros.

Although these trading levels have been the “normality” in the stock market for many weeks, the performance of the first fortnight of the month, with a turnover of over 100 million in the sessions, raised some expectations for structural changes in the market. Changes that have to do mainly with the introduction of new capital that remained cautious in a market operating in a developing economy.

Of course, the current picture is not a representative sample of market intentions above the level of 950 points, as transactions are affected by the holiday in the US. Besides, it is no secret that many transactions in the bourse come from both British and American terminals, so every holiday affects the frequency of transactions.

In terms of securities now, Aegean is jumping 2.86%, with Alpha Bank, OPAP, EYDAP, Piraeus, Viochalko and National Bank following with significant gains as well. On the other hand, in negative territories are GEK Terna, Sarantis, Titan, IPTO and Lambda.