Athens Stock Exchange: Looking for ramparts to withstand corrections

Pressures are increasing on the Greek stock market, which is now struggling to hold 1,090 points, under the weight of the correction of the majority of securities.

The general index recorded losses of 0.28% at 1,089.85 points, with the turnover at 58 million euros.

With sellers now moving more and more across the board, Coca Cola trying to offset pressures, Attica Bank in limit down and MIG in limit up, these are just a few examples of how differently portfolios are now moving in order to achieve performance maximization. And this is at the same levels that the market has risen to, i.e. 101 month highs.

The weakness

The market’s weakness in front of the 1,100 resistance was more or less expected, with many portfolios locking in some of the previous interval’s gains. After all, this is also the “health” of a bullish market, which has offered many emotions recently.

At the level of securities now, the pressures are strong on GEK Terna, Eurobank, Jumbo, National Bank, Mytilineos, Motor Oil, Terna Energy, Aegean and OPAP, while Lambda, Autohellas, Quest, Alpha Bank, Sarantis, Viochalko, EYDAP and Hellenic Petroleum. On the other hand, apart from +3.59% of Coca Cola, profits are recorded by Ellactor, Titan, Piraeus Bank, ELHA, OTE and PPA.