ATHEX: Flirting with 950 points

The Greek stock market is currently climbing to the psychological threshold of 950 points, which with its turnover reaching quite high levels for a start, shows willingness to take another step towards the highs of 2022. In particular, the general index records gains of 1.03 % at 950.34 points, while the turnover is at 17.7 million euros.

The good course of April not only continues, but also tends to take place during the month that the ATHEX completely left behind uncertainty due to war (in Eastern Europe) and made its own move towards a great recovery. It was a picture that appeared in the first weeks of the year, but came to a halt when Russia invaded Ukraine causing serious unrest in all markets around the world.

Now what most analysts point out is that clearly the uptrend should come to grips, sooner or later, with the maintaining this trend in the long run. This bout will probably be staged in the zone of 950 – 955 points, with the sectors that have played a leading role so far, banks, construction, energy, IT, being called upon to show evidence of being mature titles. Their task will be facilitated if in the near future the “war drums” in Eastern Europe cease…

In terms of securities now, Piraeus, National and Alpha Bank are leading the rise, while Eurobank, Sarantis, IPTO, Quest, Lambda, ELHA, EYDAP, Coca Cola, OPAP, Terna Energy and OTE are also moving positively. On the other hand, Hellenic Petroleum is down 2.60%, with Ellactor losing 1.24%. GEK Terna, Aegean, Titan and PPA are moving downwards.