The Athens Stock Exchange finally went green, with the buyers beating the sellers, extending the positive streak to 6×6. However, today's rise was literally decided on the sidelines, a sign of pervasive stagnation.
In any case, it is clear that the Greek market is maintaining its short-term uptrend, having recovered +6.7% from the August 5 lows (1,341 points). Of course, it is required to travel an additional distance of 3.1% to erase all of August's losses.
At the same time, investors are also turning their attention abroad, where all the attention is focused on the upcoming Jackson Hole banking conference in the US. After all, in a few weeks, we will have crucial decisions on the course of interest rates.
More specifically, in the first session of the week, the General Index recorded a subtle increase of 0.03% to 1,432.28 points, gaining just half a point compared to Friday's close (1,431.88 points).
The arc of daily fluctuations was fixed at eight points (from 1,428.44 to 1,436.74 points), with trading turnover dipping to just 52 million euros, of which 894,300 euros related to a pre-agreed package in the ETE.
The banking index was quick to digest the recent reaction rally, ending down -0.93% and 1,274 points. Still, however, the distance from this year's highs (1,354 points) is no more than -5.5%.
The Piraeus share folded -1.73% and EUR 3.917, the Eurobank share was limited to -1.22% and EUR 2.02, the Alpha Bank share traded -0.75% and EUR 1.595; and the National Bank share resisted +0.02% and EUR 8.116.
In the high-cap index (-0.04% and 3,491 points), OTE's shares expanded +2.2% and 15.2 euros, recovering all of August's losses. Motor Oil, Ellaktor, AIA, Viohalco, and Coca-Cola followed at -1%. At the same time, Helleniq Energy shares closed at +0.85%. On the flip side, shares of Jumbo, Sarantis and EYDAP were down more than -1%.
As for the mid-cap index (-0.96% and 2,261 points), Optima Bank's shares stood out negatively at -3.2% and EUR 11.98, retracing from historical highs. PPA and Intracom lost more than -1.7%. Conversely, Lavipharm's shares widened to +1.8% and EUR 0.86, while Kri Kri's shares continued to reach new all-time highs, climbing to +1.6% and EUR 12.2.
