Parking in the area 1,450 units was today (07/09) the Athens Stock ExchangeWhile the downward curve abroad did not allow a new upward movement. Despite all this, the General Index managed – albeit with difficulty – 5th consecutive positive session.
In any case, the Greek market presents a remarkable stability lately, against low investment visibility is for high variability. This results in the reset of this year’s values. profits at levels above +12%.
Of course we must not forget that all this is happening in the absence of investorswho slowed down significantly, fearing to take on additional risks in a fluid period of time and in view of the summer raston.
In this context, the General index noticed imperceptibly up to 0.02% and graduated in 1,451.22 unitsgaining just 0.3 points from Monday’s close (1,450.92 points).
O diurnal variation arc was set at 11 units (from 1,447.37 to 1,458.37 units), with the volume of business vary in 95 million eurosof which 11 million euros related to pre-agreed packages.
Apostolopoulos: Hospitals worth €130 million, stable profits and the challenge of dispersion
Anchor launched in 1,450 units
The overseas trend continues to receive the Athens Stock Exchangewhich was anchored in the range of 1,450 units, building a first safety cushion from the valuable supports of 1,400 units.
The unknown next day in France, which risks facing a long period of political uncertaintyis the main issue for European markets, which “dance” to the rhythm of the new “protagonists” in Paris.
However, the positive side is that investors’ reaction to stormy and unexpected developments is absolutely proven. Cool. And this helps the General Index to shows a satisfactory coursegiven that there are no intense liquidations.
Thus, despite the lack of substantial trading volume as a result of low visibility and reluctance to take unnecessary risks, the Stock Exchange managed “scissors” below 4% the distance from recent highs of 1,502 units, with 2024 total return with return above +12%.
In this context, technical analysis shows that the next resistance point of the General Index is placed at 1,460 unitswhile the main supports are maintained at the levels of 1,400 units.
However, at today’s meeting, the right to dividend “blocked” their actions Piraeus Street, Jumbo and Helleniq Energy, which should be targeted by sellers tomorrow due to the cut.
Bank shares were also in the spotlight, following the rating agency’s decision Moody’s to upgrade National – Piraeusfollowing the recent Eurobank – Alpha update.
Losses in Europe, waiting at the Wall
Abroad, now, investors’ attention remains focused on political developments in Franceresulting in Stoxx 600 double to -0.65% and 513 points, while the French CAC 40 loses at least 1.2%, after Moody’s warnings.
Across the Atlantic, waiting for your speech Jerome Powell (Fed chief) to the relevant congressional committee, US indices are showing mixed signals, with the S&P 500 and Nasdaq expand records despite losses to Dow Jones.
On the Stock Exchange Panel: 6-day euphoria at Helleniq Energy and the bar for the GEK TERNA rally
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)