Athens Stock Exchange: In the hands of sellers

Pressures are increasing at the moment on the Greek stock market, with buyers looking more and more reluctant to absorb the offer that is being made available. The general index recorded losses of 0.81% at 1,264.18 points, with the turnover at 30 million euros.

The correction on the ATHEX has a purely technical character so far, with the movements being measured, as evidenced by the turnover. After all, with several stocks at multi-year highs, buyers don’t seem willing to absorb the supply just yet, leaving prices to become more attractive at lower levels.

Thus, today’s picture has not disturbed the upward dynamics of the market in any way. Any corrective move (first support 1170 points) will be seen as a (re)positioning opportunity until further notice, in titles that have generally shown the best bullish behavior throughout this period.

Titles

At the level of securities now, National Bank and Lambda are under great pressure, while the losses in Sarantis, Aegean, Alpha Bank, Coca Cola, PPC, Eurobank, EYDAP, Piraeus, OPAP, Titan, GEK Terna and Autohellas are also significant. Mytilineos, Motor Oil, Ellaktor, OTE, ELHA and Hellenic Petroleum are also in negative territory, while Jumbo, Biohalco, Terna Energy and Quest are in positive territory.