The Greek stock market may have started trading with bullish moods, but it is now moving in a range of a few points, with its eyes on Frankfurt. The general index recorded losses of 0.08% at 1,095.10 points, with the turnover at 32 million euros.
The market has confirmed several times that it wants to hold 1,080 points, but not take risks above 1,100 points, and it is doing so today. With the vast majority of stocks in negative territory, it is finding some supports to hold the levels and not allow sellers to dominate the overall index.
The scenario
The scenario that looks increasingly likely now, unless electoral correlations change and visibility improves for post-May 21, the general indicator will regress to the 1,100 resistance and 1,080 support. The climate in general, however, is optimistic in the medium term, with the main target being the upper level of 1,250 units.
At the level of securities, the pressures are increased on Eurobank, Titan, PPC and Autohellas, while in negative territory are National Bank, Sarantis, Aegean, Jumbo, Motor Oil, Ellactor, OTE, GEK Terna, Alpha Bank, Quest, ELHA, Terna Energy. and Coca Cola. On the other hand, the supports come from Mytilene, Piraeus, Viochalko, EYDAP and OPAP.
Latest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted