To put the brakes on 3 day losing streak tried today (18/6) the Athens Stock Exchange, with buyers to try a first reaction, after the great loss of the previous days.
the 1,400 units is still the main market in Greece, which is “paralyzed” by political developments in Franceamid a pervasive climate of uncertainty and reduced visibility.
In a way, the fold is far from the maximum of 1,500 units worth of level of 6.5%which makes many listed companies attractive again, justifying an upward “spin”.
More specifically, during today’s meeting, Mr General Index he noted softly to 0.57% and formed by 1,414.95 unitsgained nearly 11 points from Monday’s close (1,404.11 points).
the arc of diurnal variations up to eight units (from 1,407.20 to 1,415.02 units), with transaction turnover which will change to 3.5 million euros in the first 15 minutes
The stock market is looking for a way out
Three in a row negative meetings The Athens Stock Exchange fared well, with the General Index holding on to 1,400 units tooth and nail.
The virus of political uncertainty, which has infected No. 2 economy in Europe, which is France, is the main “wound” for AH, which cannot be independent and different.
Thus, fatally, it receives the wave of imported pressures, which will not be included in the continuation until there is a greater investment visibility, that is, until the second round of parliamentary elections in Francescheduled for July 7.
Since May 20, when the General Index “punched” the ceiling of 1,500 unitsthe losses reach 100 points or otherwise 6.5%, of greater downward mobility from the period August – October 2023 (-15%).
For now, however, do not exclude that there will be a technical reaction on the part of buyers, who will try to build a safety “cushion”. from the psychological support of 1,400 unitsany breakout that clears the ground for the average of the last 200 days (1,339 points).
Do not forget, too, that next Thursday the market will officially know if the house MSCI put the Stock Exchange on the watch list for possible upgrade of developed ones buy in depth for 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.
As far as the board is concerned, the focus remains on its stock Lambda Development, that yesterday achieved the best session in the last two months, thanks to take 2% of ship owner Giorgos Prokopiou.
At the same time, attention is also focused on banks, which are about 9% of the recent high, with the greatest pressure on Piraeuswhich fell into 5 months down.
Positive reaction in Europe
Abroad, today, European shares are headed for an upward “turn”, after several losses in the past few days, with Stoxx 600 to recover + 0.54% and 514 points. By 0.5% it also increased CAC 40 in Paris.
On the other side of the Atlantic, its signs Wall Street they continued the… party, with him S&P 500 just shy of the 5,500-unit milestone, recording a rally of more than 15% since early 2024