The relatively satisfactory course of the last few days continues Athens Stock Exchangewhich, with the help (and) of foreign markets, hoped to have concluded five consecutive bull sessions.
This causes the General Index, on the one hand, to have outperformed mobile average of the last 50 days (1,447 units), on the one hand for having built a safe distance from the critical supports of 1,400 units.
Somehow, now, this year peaks of 1,502 units (closing 05/20) are slowly re-entering the “game”, with the first resistance point at 1,460 units. However, patience is required, as challenges lie ahead.
And this is because of the low visibility of investment, the political uncertainty in France, the strong variability and the traditional slowness of summer are factors that could at any moment bring down today’s data.
The advantage is, in any case, that investors still approach with a calm the unexpected events in Parisavoiding intense liquidations and offering stability to the stock market.
At the same time, the attractive reviews on the Greek board are a good entry argument for buyers looking to participate in this year’s upward movement, which exceeds +12% in 2024.
“The Greek stock market, being the “cheapest” of the “cheap” European markets, is in a position to attract international funds to the extent that conditions allow even a small change in strategy by managers in relation to the willingness to take investment risks” commented Dimitris Tzanas of Kyklos AHEPEY.
And of course, let’s not forget the successive businesswhich demonstrate the hidden values in many listed companies.
As far as the board is concerned, justified pressure is expected today to manifest itself in the actions of the Jumbo, Helleniq Energy It is Piraeussince they will negotiate not entitled to the 2024 dividend.
The image abroad
Abroad now, with all eyes on Paris, European index futures are set for a bullish start to the session, while Stoxx 600 has the 511 units as its starting point.
On the other side of the Atlantic, after the new historical highs reached last night in the S&P 500, the main indexes of the Wall Street should open with marginal fluctuations, in anticipation of tomorrow’s data for inflation.
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)