Despite the environment intense variability is low investment interestO Athens Stock Exchange managed to capitalize on this positive “rotation” abroad and return 1,430 units – for the first time since June 13.
This, understandably, gave more “breathing space” to the domestic market, which is trying to manage them. political developments in Europe (elections in the UK and France) and be kept above the critical level supports of 1,400 units.
And all this in a meeting, during which Mr. OTE was “pressured” due to the cut in the right to the dividend of 0.71 euros (gross value) and the Wall Street was closed because of this holiday for Independence Day.
In this context, the General index notable recording up to 0.86% and graduated in 1,435.81 unitsgaining 12 points on Wednesday’s close (1,423.56 points).
O diurnal variation arc was fixed at 15 points (from 1,420.03 to 1,435.81 points), with the volume of business for a change only in 63.9 million eurosof which 1.9 million euros related to pre-agreed packages.
Stock Exchange – Mid: The positive surprises that stand out in the “weak” MID CAP
It “broke” the upper range of the oscillation
To end this maximum oscillation range of the last few weeks (1,430) managed the Athens Stock Exchange, although the basic resistance for the General Index remains in the region of 1,450 – 1,460 units.
However, it is important that the market has managed to move further away from the trend. basic supports of 1,400 unitsconfirming the medium-term trend, still considered bullish.
And all this, meanwhile, while the attention of the investment community has turned almost entirely to “heavy” political developments in Europe.
Today its citizens UK go to the polls to elect a new government, with Labour seen as the big favourites, ousting the opposition Conservative Party.
From then on, onwards France There are only a few days left until the second round of parliamentary elections, which will determine whether Marine Le Pen’s National Rally will be able to form an independent government or whether the informal Macron-Left alliance will bear fruit.
In any case, it is clear that the visibility of investment in Europe continues to be particularly low, a fact that gives it characteristics of intense variability It is nervousness in the stock markets.
In the absence of substantial domestic catalysts, the Athens Stock Exchange is forced to “dance” to the rhythms of Europe. And this is sometimes positive and sometimes negative.
Furthermore, let us not forget that all essential developments concerning the Greek market have already been transported to autumn (Moody’s rating, placement in the National Bank, etc.), which means that we are going through a period of slow news coverage. Although no one can rule out the factor… unpredictability.
Europe on the rise
Abroad, now, as mentioned above, attention turns to UK, where parliamentary elections are held to elect the new government and the new prime minister. Then the Stoxx 600 cautiously strengthens to +0.57% and 517 units, with the British FTSE 100 to earn 0.9%.
As for the other side of the Atlantic, after last night’s historic high S&P 500 It is NasdaqWall Street will be closed today for the Christmas holiday. Independence Day.
On the Stock Exchange Dashboard: The best performing bank, margin at Autohellas and sales at Optima
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)