ATHEX – Continuing to rise

The Greek stock market is moving steadily upwards, but also with many obstacles, which is trying to keep the narrow range above 900 points, raising the buttresses needed in case of unrest caused by today’s announcement of the Federal Reserve for its monetary policy.

The general index is moving with gains of 0.48% to 908.80 points, but being between + 2.53% of PPC, but also -2.55% of Coca Cola, with the former remaining in the spotlight due to of the open book of offers for its capital increase. The second obviously did not satisfy the market with the results of the third quarter that it announced, exerting pressure with its “weight” on the general index.

However, according to technical analysts, in order for the ATHEX to be able to change level and move to higher zones, it must penetrate the area of ​​910-911 points. In order to do this, the trading activity must be improved, which, however, is not expected immediately until the completion of PPC’s capital increase.

Also, in addition to the above titles, Mytilineos, Eurobank, Ethniki, OPAP, ELHA, Alpha bank, Biochalko and EYDAP make significant profits, supporting the positive soils of the general index.