Athens Stock Exchange: Banks champion the rise

With the banks holding the baton of the rise today as well, the Greek stock market is consolidating the breakdown of its nearby resistances, with a strong turnover.

The general index gains 0.75% to 1,254.10 points, with the turnover hopefully reaching 95 million euros.

With 52 stocks in negative territory, with many portfolios locking in some of their gains, the ASE is looking defiantly on its way up, albeit at a slower pace than yesterday’s breakout. In any case, even this supply that comes out is absorbed very easily, confirming the strong positive trend.

Technically, since the general index “noise” broke 1,224 units and today 1,250 units, it aims at the next target, namely 1,260-1,265 units. Now the trading levels of the General Index reflect the peaks of 2014, while in terms of capitalizations the market is flirting with 2009 levels.

The picture on the board

At the level of securities now, Alpha Bank jumps 5.58%, with National Bank, Eurobank, Sarantis, Piraeus, Biohalco, PPC, ELHA and Ellaktor following with significant gains. OTE, OPAP and Hellenic Petroleum are in positive territory, while Aegean, Mytileneos, Lambda, Quest, OLP, EYDAP, Terna Energy, Jumbo, Coca Cola and GEK Terna are in negative territory. Autohellas loses 1.66%.