Athens Stock Exchange: Stabilizing trends for general index

The Greek stock market is currently registering small losses. Although ATHEX tried to reverse the negative climate a little earlier, it has not managed to fully absorb the pressures. The general index lost 0.25% falling to 894.16 points, with the turnover stuck below 21 million euros.

The market is trying to keep its corrections internal, without testing the levels of 890 units, but also to give the message that it is holding up in a difficult international environment. After all, the investment climate in the major stock markets internationally is quite heavy, with ATHEX’s strength being used up in time to maintain the levels and refusing to take risks that might trigger stronger downward trends.

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However, as Trader24 comments, the failure to reach 900 units on Friday (high at 902.37) awakened memories of the same outcome in the two best sessions of June, so that the psychological factor once again burdened investors. However, no change is in sight in the short-term trend, which remains up from 780 (!) points. As to what’s up next, the area of ​​917-920 units is a serious resistance, with first support at 878 units.

The picture on the board

At the level of securities, Piraeus, Terna Energy, Alpha Bank, Titan, Quest and ELHA recorded significant losses, while in negative territory are National Bank, Sarantis, Eurobank, Aegean, Coca Cola, GEK Terna, Mytilineos, Viohalko and Lambda. On the other hand, gains in Hellenic Petroleum, Jumbo and OTE exceed 1%, while OPAP, ADMIE, PPC and Motor Oil move slightly upwards.