Athens Stock Exchange: “Silent” climb

Today, the Greek stock market is trying not to let the achievements of the expiration of 2022 slip, which, although with a small turnover, is managimg to confirm the rise above 930 units. The general index recorded gains of 0.57% at 935.13 points, with the turnover at 9 million euros.

The general index has already managed to confirm 930 units, a level that was the last bastion of shorts. Now the zone of 950 units is the next level of resistance, while 926 is the nearby support, the breakdown of which can give us movement towards 912 units. If the markets decide to see even a mini January Effect then the Greek market is capable of making the difference. Otherwise, if the 900 units are lost, then we may again see the market go through a time of more suffering.

However, the real test of the market is expected in the coming days, when all the markets of the planet will gradually return to normality and the strategies of the new year will begin to be implemented. There have already been signs of caution, but where many analysts agree is that the second half of 2023 will be better than the first.

In terms of securities, Viohalco, PPC, Aegean, Terna Energy, Quest, Alpha bank, PPA and National Bank lead the rise, while ELHA, Piraeus, Titan, GEK Terna, Eurobank, OTE, Motor Oil, Sarantis, Jumbo also move positively and Lambda. On the other hand, apart from Ellaktor’s -1.71%, Mytileneos, OPAP, Hellenic Petroleum, Coca Cola, Autohellas and EYDAP are also in negative territory.