ATHEX: Stabilizing trends

The Greek stock market is moving today with small gains in the zone of 940 units, trying to regain part of yesterday’s lost ground, but without taking a risk that can be implemented in the near future.

In particular, the general index gains 0.15% to 939.51 points, but no industry stands out at the moment.

In essence, the market is trying to dominate at current levels before making any move to the higher ones, as in this range the supports are low, but also those “trapped” from the time the pandemic first broke out were many. After all, no one forgets the collapse of the market on December 8, 2014, when the general index fell from 1,035 points to 902.84 points, for fear of political uncertainty caused by the acceleration of the election of the President of the Republic.

According to stock market sources speaking to OT, that big drop trapped a lot of capital for seven whole years, while the support that was created was very weak, especially from the continuous failures of the market to regain part of that lost ground. After all, as many domestic analysts agree, the maintenance of 938 points maintains the level of 1040 points in the long-term uptrend pattern that it has been following for a number of years.

At the level of securities now, OTE, Coca Cola, Viohalko, Hellenic Petroleum, Mytilineos, PPC, OPAP and Alpha Bank are moving positively, while on the other hand, Ethniki, Aegean, Ellactor, Eurobank, Terna Energy, Piraeus, Motor Oil, and Titan are moving negatively.