The picture at the Athens Stock Exchange, today, shows intense nervousness and a fight to keep the general index in the zone of 1,150 units, whose shallowness and low trading have intensified the volatility today.
In particular, the General Index recorded losses of 0.35% at 1,149.94 units, while the turnover is at 29.9 million euros and the volume at 7.5 million pieces. The FTSE 25 also registered a fall of 0.36%, at 2,797.83 points, while the banking index lost 0.47% at 890.17 points.
In a quagmire
From the rise to the fall, and from the pressures to the defense. Without a clear pace, ATHEX is trying to stop the slide, but it also has to face the extremely negative climate in all the now small portfolios, which see the market through the prism of the last month. That is, the month of the fall and the correction of the excesses of the preceding rally.
No one is willing to stay exposed for long in a market that has been highly sensitive to negative catalysts lately, with every bounce being an opportunity for new liquidations. This is also the image conveyed to ot.gr by the desks, with the market having come out of the “headiness” of the previous bull market and having returned to the suspicion that the crisis bequeathed to the residents of Athinon Avenue.
Thus, from the 1,351 units of the last days of July, the “castles” of supports are falling with few remaining on the ramparts to face the “speculators” of profit taking. And we’ve come to today being under siege at 200, which technically divides the long-term trend into an uptrend and a downtrend. Loss looks increasingly likely, paving the way for spring supports, which have questionable staying power.
On the board
Cenergy is still under suffocating pressure today, with losses of 3.74%, while earlier it was at -5.10%. At -2.18% and index-weighted Coca Cola, with Eurobank “competing” it with its own -2.05%. Above 1% is the fall in Quest, Biohalco and Autohellas, while Ellactor, PPC, ELHA, Hellenic Petroleum, Piraeus Bank, Mytileneos and Titan are moving slightly lower.
Terna Energy is trying to restore its prestige with today’s +2.58%, with EYDAP at +1.09%. But the profits are small for National Bank, OPAP, Lambda, Motor Oil, Jumbo, Alpha Bank, Aegean and OTE. Sarantis is unchanged.
Latest News
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
Fitch Solutions: Greece Set to Welcome 40 Million Tourists Annually by 2028
However, Fitch Solutions highlights concerns about overtourism, cautioning that it could strain Greece's capacity to deliver quality services, potentially leading to neglect of popular destinations