ATHEX: Strong rise with turnover

The Greek stock market is receiving a strong push from the rise of the European markets, but also the expectations that the tension between Russia and Ukraine can de-escalate, and is testing its strength in the resistance of 860-865 points. In particular, the general index gains 2.46% to 863.87 points, with a turnover already approaching 50 million euros.

The tone that is clearly given has nothing to do with the internal forces of Athinon Avenue, which although it is on the edge of the oversold zone, can not offer the security that many portfolios are currently seeking, in order to recover lost ground. After all, apart from the uncertainty caused by the Russo-Ukrainian war, no one can yet estimate the full extent of the problems it has caused.

However, today’s strong reaction comes at a point where the market needed it, so as not to lead to 830 units. It now has the current levels ahead of it, which must be decisively broken down to bring the overall index to the 900-point range. In the FTSE 25 the near resistance is at 2,112 points, while banking is approaching its own at 630 points.

In terms of titles, National Bank stands out with + 5.49% that it records, with Terna Energy following with its own + 4.39%. The increase in Aegean, EYDAP, Hellenic Petroleum, Ellactor, Eurobank, Alpha Bank and OTE is over 3%, while the positive sign dominates almost most of the board.