Moving cautiously higher today (3/7) the Athens Stock Exchangewith buyers regain the “reins”, receiving tension mainly from the positive “rotation” abroad.
This results in the Overall Index for “detaches” from the supports of 1,400 unitsDespite difficulty greater than 1,430 units it’s more than obvious, because absence of domestic catalysts.
After all, let’s not forget that we are in a critical period, with investors looking at the next electoral contests mainly her from France and secondarily of UK.
In this context, the General index he notes softly up to 0.68% and is graduated in 1,416.59 unitsgaining 9.5 points compared to Tuesday’s close (1,407.03 points).
O diurnal variation arc extends over 11 units (from 1,410.41 to 1,421.04 units), with the volume of business vary in 34 million eurosof which 2.5 million euros relate to pre-agreed packages.
In the picture now, the Metlen is dynamically strengthened above 36 euros, while Piraeus – Alpha recovering from yesterday’s losses. Your share OTEis expanding by more than 1% as its shares continue to rally wildly Revocationwhere major shareholders have recently sold a stake 3.3% + 0.9% of the share capital.
Small profits in banks
The banking index continues the volatility of previous days, as a result it is in +0.28% and 1,232 units8.6% below this year’s highs.
Your stock Alfa Bank expands to +1.44% and 1.5825 euros, its share Piraeus increases to +0.91% and 3.55 euros, its share National trades at +0.23% and 7.716 euros, while its share Eurobank is limited to -0.72% and 2,055 euros.
Trapped in volatility
On a awkward situation Its located Athens Stock Exchangewith the investment interest and the transactional turnover to refer to the days of August, having characteristics intense summer heat.
Of course there is an explanation for this lack of moves on the board. On the one hand, the absence of domestic catalysts It is more than obvious, while everyone slowly awaits the financial figures of listed companies for the second quarter.
On the other hand, abroad the situation is quite complicated, with noon (today) and a holiday (tomorrow) in Wall Street because of the 4th of Julyparliamentarians UK elections (tomorrow) and a tense political scene in France in view of the repetition of the vote next Sunday.
All this made it great careful It is economic buyers, who prefer to stay away and wait for the outcome of all the above fronts – in particular, what the outcome of the election will be like in Eurozone’s No. 2 economy.
In this context, the AA General Index appears locked in a narrow range between 1,400 and 1,430 unitsbeing the defense of technical supports Top priority.
And this is because it constitutes the last stronghold, before the market is initially confronted with 1,380 – 1,360 units and then with average of the last 200 days (1,340 units).
However, let’s not forget that despite giving up against 6.5% from recent highs of 1,502 units (closing on 20/5), the overall rise in the General Index in 2024 remains at satisfactory levels, reaching +9%.
Europe on the rise
In Europe now, faced with the uncertainty of upcoming political disputes, the Stoxx 600 records notable gains of +0.8% and 515 points, with key indicators in Italy It is France reach up to +1.5%
Across the Atlantic Ocean, after new records S&P 500which closed above 5,500 units yesterday, American index futures show marginal fluctuations, in a session that will end early, at 8:00 pm (Greek time).
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)