ATHEX – Sellers prevail

The lack of buyers in the Greek stock market is becoming more and more obvious, with the general index slipping to lower levels as sellers dominate. Of course, the low turnover does not show that the skeptics intend to immediately reduce the exposure on Athens Avenue (ATHEX premises), as it took almost 3 hours of sitting for 5 million stocks to change hands .

The overall index is moving with losses of 0.81% at 885.39 points, with Coca Cola again being at the center of the pressures, having a significant effect due to its weight. Also, the rise in Greek bond yields above the level of 0.90% again, has a negative effect on the treatment of Greek assets by foreign portfolios.

The stakes today may have been maintaining contact with the 890 points and preventing a return to the 880 – 881 points, where the first support of the general index is located. In fact, three moving averages pass in this range, 30, 60 and 90 days, where buyers watch for the short-term course of the market.

At the level of titles now, Coca Cola is losing 1.75%, with the pressures focusing on Biochalko, Mytilineo, Motor Oil, Jumbo and ELHA. In red is the majority of securities, with OPAP, OTE, Ethniki, PPC, Eurobank and Hellenic Petroleum also determining the balance in the market.