“Winners” for second consecutive meeting came out the sellers at the Athens Stock Exchangeas liquidations on selected stocks does not give buyers much choice.
At the same time, summer rastoni took the re transaction fixation, despite the market expecting them to financial figures of systemic banks for the first half of 2024.
On the other hand, however, “resistance” of 1,460 units maintains the scenario of rapprochement of the 1,500 units, which are the peaks of this year, but also the highest point in 13 years.
In this context, on the penultimate day of July, Mr. General index controlled notes drop of 0.51% and graduated in 1,460.46 unitslosing 7.5 points at Monday’s close (1,468.01 points).
O diurnal variation arc was fixed at eight points (from 1,460.42 to 1,468.75 points), with the volume of business for a change in just 63 million euros, of which 15 million euros related to pre-agreed packages.
Lebidakis: The faithful… appointment with the dividend and the family fund
The stock market is in a holiday mood
Today’s session at the Athens Stock Exchange ended without much excitement, as most managers seem to be on summer vacation.
It is no coincidence that the number of orders has been steadily decreasing in the last period, which is eloquently reflected in the weak daily turnover (only 67 million euros yesterday).
All of this, of course, is considered perfectly normal, as we are counting down to the end of July (and the 7th month) and the arrival of the traditionally slow august.
At the same time, all developments that could give a significant boost to the General Index were “frozen” and postponed to the fallresulting in the market being deprived of necessary fuel.
Even bank employees first half financial resultswhich will be announced from Wednesday to Friday, have been widely discounted by the investment community.
In this way, the fluctuations of the General Index are limited to a very limited range, with the main supports 1,438 units and as the first resistors the 1,487 units.
Of course, no one can rule out a… silent upward movement over the next few weeks, which could lead to a recovery scenario from this year’s peaks, that is, 1,500 units.
As far as corporate news goes, after yesterday’s HEXA results, tomorrow (7/31) the Titan Cement, Piraeus It is Eurobankthe day after tomorrow (1/8) the National Bank It is Optima Bankand on Friday (2/8) Alfa Bank.
Positive signs in Europe, Wall
Abroad, now, investors’ attention is focused on the two-day meeting (30-31/7) of the Federal Reservewhich continues to “weigh” all the data on the timing, duration and scope of the long-awaited reduction US Interest Rates. At the same time, the focus is on corporate sizesthat reasonably affect the psychology of investment.
With all this in mind, the pan-European initiative Stoxx 600 strengthens to +0.75% and 515 points, with the Italian FTSE MIB gain almost 1.2%. Across the Atlantic, the Dow Jones Index starts the session on a high, rising 160 points.
(The text above is the product of journalistic research and does not constitute an invitation to buy, sell or hold any stock)