The Greek stock market is moving slightly upwards, but with dispositions to penetrate above the resistance of 910 points, but without being able to raise its trading activity very high, in order to give the message of the determination for these levels. And how could it be otherwise, when the derivatives are expected to expire at noon today, but also the verdict of DBRS for the Greek economy are expected at night.
The general index is moving with gains of 0.39% at 912 points, a margin that is extremely precarious to give the message of breaking the resistance, at a time when the signs in several titles are volatile. The possible resistance paves the way for significantly higher levels, which is based on two pillars: On the one hand, the behavior of individual stocks, and especially the index heavyweights, and on the other, the diffusion of liquidity in most of the board, which is a key component for a qualitative trend. The target in the expected traffic is initially the area of 950 units.
However, today, volatility may peak at the end of the session due to the restructuring of the FTSE indices today, with the Piraeus Bank share entering the FTSE All World and the FTSE Global Mid Cap.
In terms of securities now, Jumbo is gaining 2.84%, with Lambda, EYDAP and Ellactor following it with an increase of more than 1%. The contribution of Alpha Bank, Piraeus, National Bank, Coca Cola, Eurobank and OPAP is also positive, while on the other hand, Hellenic Petroleum is the largest loser with losses of 1.01%.
