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Towards strong weekly gains | TheGreekDeal.com
Athens Stock Exchange
Towards strong weekly gains
Today (6/12), the Athens Stock Exchange is engaged in a "battle" for the sign, with buyers and sellers constantly alternating in the "reins."
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Today (6/12), the Athens Stock Exchange is engaged in a "battle" for the sign, with buyers and sellers constantly alternating in the "reins."

Under the weight of the 4-day upward rally, which exceeds +4.4%, the Greek market is struggling to make the 5×5, as more than a few investors are rushing to consolidate some of the recent gains. Let's not forget, moreover, that the General Index is at its highest level in at least the last two months.

The breach of 1,450 points is undoubtedly a positive sign, with the short-term trend having turned positive and analysts not ruling out the possibility of a further approach to the multi-year highs of 1,502 points. All this is happening while the foreign markets continue to perform at record levels. 

Against this backdrop, in the last session of the week, the General Index declined imperceptibly by 0.10% to 1,454.30 points, losing 1.5 points compared to Thursday's close (1,455.81 points).

The arc of daily fluctuations extends to seven points (from 1,453.09 to 1,460.74 points), with a turnover of 43 million euros, of which 5 million euros are pre-agreed packages.

On the board, NBG now encounters a barrier at the recent placement price of 7.55 euros, while Eurobank reaches a new 9-year high. At the same time, Attica Bank continues its climb to valuations above EUR 1 billion, with OPAP sliding 1.2%.

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