To them sellers he regained his hands Stock Exchange of Athenswith psychological limit of 1,400 units to be placed in the foreground, while the distance from the new ones maximum of 1,502 units overcome it 6,5%.
In a way, the Greek market is called to defend a point, which remains “untouched” since April 19, that is, for two months. Any loss at this level, however, paves the way for a slide upwards average over the last 200 days (1,339 credits)
It is clear that the climate of nervousness and uncertainty prevailed in Europe, because of political developments in Franceconsists of the first “wound”, which gives the opportunity to traders to “melt” this year’s peaks and the liquidation a part of the big profits in the last period.
More specifically, during today’s meeting, Mr General Index news notes less than 0.77% and formed by 1,396.02 unitslost nearly 11 points from Friday’s close (1,406.91 points).
the arc of diurnal variations up to 24 units (from 1,395.06 to 1,419.49 units), with transaction turnover in the range of 36 million eurosof which 1.8 million euros concern the agreed packages.
On the board, now, Piraeus and Alpha times 2%, with National – PPC – Eurobank to achieve at least -1%. On the other hand, Motor Oil trying to recover 1%, while the In Lam increased by more than 1%, thanks to the deal with the ship owner Prokopi.
New decline in banks
The banking index is under pressure, with the result that it is in -1.79% and 1,218 units, nearly 10% from this year’s high.
His stock Piraeus its share decreased to -2.42% and 3,513 euros Alpha Bank limited to -2.92% and 1.495 euros, its share Eurobank traded at -1.81% and 2.01 euros, while its share National Bank decreased to -1.04% and 7,808 euros.
The image of the dashboard
In the high-cap index (-0.79% and 3,384 points), the share of Viohalco decreased to -2.5% and 5.8 euros, with shares of Titan Cement, Cenergy, Quest, Aegean, ΔΕΗ and ELVALHALCOR to lose at least 1%. On the contrary, its part Development of Lamda strengthened by + 1.2% and 6.5 euros, after the acquisition of 2% by the owner of the ship Giorgos Prokopiou. Its share also showed gains of around 1% Motor Oil.
Regarding the mid-cap index (-1.39% and 2,220 points), the stock of Intracom Holdings stands negative at -2.5% and 3.2 euros, with its share Intralot which will fall to -2.3% and 1.08 euros. Since then, the parts of Lavipharm, ΑΒΑΞ and Profile decreased more than 3%, while the shares of Austriacard, Dimand, Fourlis, Intrakat, EXAE, ΟΛΠ and Plastics of Thrace withdrawal of 1%.
Overall in the stock market, 27 stocks advanced, 68 stocks declined, while 12 stocks were unchanged. THE capital in the market ranges of 97.2 billion euros.
It should be noted that today is the last trade day for the Reds, who have been absorbed by Ellactor.
1,400 units were tested
The upward movement of the Athens Stock Exchange seems to have entered a “shelter” recently, with the General Index testing the strength of 1,400 units – for the first time since April 19.
The result of the new Euro-electionsUndoubtedly, performance plays an important role in this process, as the Greek market finds it significantly difficult to be independent and yes VARIETY from nervousness, which characterizes – and possibly continues to characterize – throughout Europe.
At the same time, we have seen some investors take advantage of the opportunity and cash in on some of the strong gains of the past few months, continuing the assimilation and erosion of the recent multi-year highs.
Despite the -6.5% from the recent high of 1,502 unitsHowever, the General Index still shows a very satisfactory return of 9% in 2024, with the banks, which next month will “cut” the first dividends, showing almost double the return (+ 17% at the beginning of the year).
Considering all this, it is considered very critical to defend the General Index support of 1,400 units, which became a key ridge before the average of the last 200 days (1,339 points). In such a scenario, the appearance of an upward catalyst, in the form of a new deal or other optimistic development, could bring the short run back into positive territory.
At this point, it is worth noting that on June 20 the market will officially announce if the house MSCI will benefit Greece and include the Stock Exchange in monitoring regime (watch list) for a possible upgrade in developed markets in 12-24 months. This is one of the main goals of HEXA, which, if achieved, is sure to change the situation greatly – for the better, of course.
In a possible upward move, therefore, the first point of resistance can be seen at 1,460, any collapse paving the way for 1,485 – 1,502 unitswhich is the highest level in 2024 and in the last 13 years.
This Friday, the restructuring of the FTSE and Russell indices, which traditionally take turnover.
Stagnation in Europe
Abroad, today, after the big losses last week, the pan-European Stoxx 600 trying to stabilize at 510 units, they show margin changes. On the other hand, the index rose to +0.2% CAC 40 in Paris.
On the other side of the Atlantic, where the investment climate is characterized by happiness, its future Wall Street show little fluctuation, while o S&P 500 continues to “fly” at historically high levels, remaining above 5,400 units.