The Athens stock exchange is currently trying to improve a little the image of June, preserving once again the levels of 1,400 units, but without showing a strong reaction that gives the signal of recovery.

In particular, the General Index is up 0.67% at 1,409.83 points, while turnover is at 43 million euros and volume at 12.2 million pieces. The FTSE 25 is also up 0.83% at 3,419.29 points, while the banking index is up 1.01% at 1,221.88 points.

The market cannot move away from the red zone of 1,400 points, closing the first half of the year almost 100 points below the high of 1,505 points reached as recently as May 21. However, most domestic analysts believe that the market's recent weakness was a natural continuation of a correction that had been expected since last October, which came on the back of political uncertainty in Europe in the second half of June.

However, over the last three days, the market has been trying to play defence above 1,400 points, where significant forces have been deployed. Sooner or later, however, the combination of international political developments and "valuation fatigue" will be resolved, giving an immediate answer as to which direction will finally break the price range that the general index has summarized in recent weeks.

In the medium term, our bullish picture has not changed, and some who have been out of the market certainly see this as a positioning opportunity. However, several stocks have come significantly close to very important medium-term supports without yet giving us a chance for a more decisive move.

On the board now, Alpha Bank, following its upgrade by Moody's, is up +3.42%, with Aegean and Jumbo gaining 2.22% and 2.14%, respectively. Above 1% are up in PPC, Mytilineos, Motor Oil, ELHA, NBG, and Piraeus, while Autohellas, Sarantis, Viohalco, Coca-Cola, Ellaktor, Terna Energy, OTE, Helleniq Energy, and GEK Terna are mildly up.

On the flip side, Cenergy loses 2.25%, with Titanas at -1.18%. EYDAP, Lambda, AIA, OPAP and Eurobank are mildly down.