Athens Stock Exchange: The sellers reappeared

After a short “truce”, the sellers returned to Athens Street to keep the Greek stock market at current levels again, for the third session in a row. The general index recorded gains of 0.14% at 1,220.38 points, with turnover at 52 million euros.

Climate

Although the banking sector, along with some selected stocks, is trying to keep the market positive, sellers have started to take the reins, picking stocks that have starred in the previous days. The rotation of interest so far, however, keeps the market moving within a safe range, without spoiling its positive technical image.

Investors seem to have a wide range of stocks in mind, not just the “known” ones like banks, bodyguards, blue chips, etc. In this way, medium-term continuation is sealed, as traditionally such behaviors lead to newer highs sooner or later. After all, the highs reached need time to mature so that a new up cycle can (or won’t) begin, with most stocks, especially those that have led the General Index by weight and/or performance thus far, being still excellent.

On the board

In terms of securities, Piraeus, Jumbo, Eurobank, Alpha Bank, National Bank, PPA, Sarantis and OTE stand out, while Quest, EYDAP and Coca Cola are also moving positively. On the other hand, the pressures on Motor Oil, Autohellas, Ellactor, Mytileneos, GEK Terna and Terna Energy are strong, while the signs are also negative on Lambda, Aegean, Hellenic Petroleum, PPC, Titan, OPAP, ELHA and Biohalco.