his worst session since April recorded today (14/6) the Stock Exchange of Athenswith sellers to indulge widely liquidationswhich destroys the supports 1,420 units and they brought nearly 1,400 units.
the cathodic wavewhich dragged Greek shares, started from abroad – and especially from Paris, where the index CAC 40 Lost up to 3%, amid the general uncertainty caused by early parliamentary elections.
Unable to stand up for himself and indifferent to him government reshuffle the domestic market failed to bring resistance, resulting in a further shift from this year’s peak was 1,502 units (-6.5%), completion of a week with a cumulative loss of 3.5%.
More specifically, during today’s meeting, Mr General Index noted strong less than 2.19% and formed by 1,406.91 units (lowest since 4/19), lost 31.5 points from Thursday’s close (1,438.44 points).
the arc of diurnal variations set at 33 units (from 1,406.39 to 1,439.63 units), with transaction turnover in the range of 127 million eurosof which 7.5 million euros related to pre-agreed packages.
On the board, now, the banks are placed in the center of pressures, with Piraeus, Eurobank and Alpha Bank to lose more than 4%. A drop to a 5-month low was recorded by Motor Oil, which folded under 25 euros, while the PPC it continues downward, moving away from the 11 euro mark.
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Next pile is 1,400 units
Critically support of 1,400 units the attention of the Athens Stock Exchange is now focused, as the general instability in Europe it causes huge waves of volatility, which causes… headaches.
The General Index has been noticeably struggling to be independent and yes VARIETY from foreign markets, which are still suffering from recent aftershocks result of the Euro-ballots.
Let’s not forget, after all, that Francethe second largest economy in the continent, announced parliamentary elections in July – a few days before the start of the Olympic Games and a year before the crucial presidential battle.
All this brought him back to the fore risk of political uncertaintya fact that undoubtedly also affects Athens Avenue, as clearly stated in previous meetings.
With the General Index losing 1,420 points for first time since April 19the base mound is now set at 1,400 units, any loss of which could pave the way for average over the last 200 days (1,336 units).
On the other hand, the 1,460 units constitutes the first obstacle in front of the powerful resistance of 1,502 unitswhich corresponds to a maximum of one year and a maximum of 13 years.
Dive in Paris, Frankfurt
Abroad, now, political instability in Europe continues to make investors nervous, with Stoxx 600 to fold -0.7% and 512 points. The index showed a new plunge of 2.4% CAC 40 in Paris, while close to 3% a bend is formed in Milan (FTSE MIB).
On the other side of the Atlantic, after a long streak S&P 500, the US indices quickly digested the gains, with the barometer index decreased slightly to -0.28% and 5,418 points. The industrial index also showed losses of 0.60% Dow Jones.)