ATHEX – In a tug of war

The Greek stock market is currently in the midst of opposing forces, which remains on the 200-day moving average zone, showing signs of inability to penetrate it with determination. In particular, the general index is moving with losses of gains of only 0.16% to 885.56 points, with the turnover remaining low at 25 million euros.

Although many analysts believe that the market picture will improve today, as the first quarter of the year ends and many portfolios would like to perform better, the caution fueled by the geopolitical front remains high. The same caution is maintained in European markets, whose large indices have recorded significant gains in March, in contrast to the ATHEX, which shows a negative sign in the month.

According to stock market sources at ot.gr, the ATHEX in March fell more “victim” to a shift of funds to safer assets and less to a selection of returns from portfolios operating in emerging markets. Thus, despite the strong turmoil caused by the war between Russia and Ukraine, in the end the ATHEX stood “decently” in relation to other similar markets, which are still in a vortex due to reduced risk.

Now in terms of securities, the significant gains in Aegean, Eurobank, Viohalko and Ellactor, but also the positive sign of Terna Energy, Lambda, National Bank, GEK Terna and Mytilineos help to offset the pressures from the losses of Motor Oil, PPC . OPAP, Coca Cola, Alpha Bank, Jumbo, IPTO and Piraeus are also moving negatively.