Pressures are increasing at the moment on the Greek stock market, with buyers looking more and more reluctant to absorb the offer that is being made available. The general index recorded losses of 0.81% at 1,264.18 points, with the turnover at 30 million euros.
The correction on the ATHEX has a purely technical character so far, with the movements being measured, as evidenced by the turnover. After all, with several stocks at multi-year highs, buyers don’t seem willing to absorb the supply just yet, leaving prices to become more attractive at lower levels.
Thus, today’s picture has not disturbed the upward dynamics of the market in any way. Any corrective move (first support 1170 points) will be seen as a (re)positioning opportunity until further notice, in titles that have generally shown the best bullish behavior throughout this period.
Titles
At the level of securities now, National Bank and Lambda are under great pressure, while the losses in Sarantis, Aegean, Alpha Bank, Coca Cola, PPC, Eurobank, EYDAP, Piraeus, OPAP, Titan, GEK Terna and Autohellas are also significant. Mytilineos, Motor Oil, Ellaktor, OTE, ELHA and Hellenic Petroleum are also in negative territory, while Jumbo, Biohalco, Terna Energy and Quest are in positive territory.
Latest News
ELSTAT: Inflation at 3.1% in April
Olive oil (63.7%), fruit (11.6%), fish (10.6%), and mineral water (12.5%) registered the highest increases annually
Greek Sunlight CEO Joins Industry Titans at Choose France Summit
At the heart of the "Choose France Summit" was the discussion surrounding the production of lead-acid and lithium-ion batteries, crucial for the green transition and storage of renewable energy.
Insights into Greece’s Real Estate Landscape; Consumer Expectations and Challenges
The study indicates that while 66% of Greeks find recent real estate price hikes concerning and liken them to a "bubble," over half (56%) still anticipate further increases.
Athens in Top 10 Best Value City Breaks
Every year, Post Office Travel Money compares the costs of short breaks in cities across Europe for UK holidaymakers
Athens Int’l Airport: Americans Lead Total Passenger Traffic in Q1
According to the data processed by AIA, the top 10 in foreign arrivals are dominated by Americans, followed by the British and Germans. Other top nationalities include Cypriots, Italians, French, Dutch, Israelis, Poles, and Turks.
Greek PM Mitsotakis and Turkish President Erdogan Meet in Ankara Today
No major developments are expected, as the key aim of the meetings between the two leaders is to maintain positive diplomatic relations, but Greece is always vigilant for any surprises from the Turkish leader.
New Athens Metro Line Hopes to Alleviate Heavy City Traffic
The massive project is expected to be completed in 2029
National Intelligence Agency DG to Accompany Greek PM to Ankara
Prime Minister Mitsotakis also gave an interview to Turkish newspaper Milliyet regarding his upcoming visit
Draft Bill Eyes Detection of Uninsured, Poorly-Maintained Vehicles in Greece
According to reports, at least half a million vehicles in Greece are uninsured, while the number of those without inspections is unknown
AIA: Passenger Traffic Up by 16.3% in April
Passenger traffic at the Athens International Airport (AIA) amounted to 2.49 million during April 2024