ΑΤΗΕΧ: Τug of war

The Athens Stock Exchange is currently trying to stay at least at 915 points, as it finds some support that helps it absorb the pressures that were manifested earlier. Of course, variability is predominant, with many titles changing sign in the blink of an eye.

In search of a catalyst

According to domestic analysts, the market, after a remarkable rally that brought the General Index from 830 points in mid-July to 930 points a few days earlier, is definitely at a crossroads that needs a strong catalyst in order not to slip to lower levels. This catalyst may appear tomorrow, when the course of GDP will be announced in the first half of the year, but the market already knows that the data will be better than expected.

In such a context, the General Index, although approaching 920 points, was found a little later even at 910 points, but with the turnover remaining low due to the holiday of the US portfolios. Now it is trying to stay at 915 units, with support from Sarantis and PPC. However, Ethniki, Hellenic Petroleum, Coca Cola and OTE are also operating positively.

On the other hand, IPTO recorded losses of 2.84%, with EYDAP and PPA following it with a significant drop.

GEK Terna, Lambda, OPAP, HELEX, Viohalco, ELHA and Ellaktor are keeping their pressures under control.