Buyers on the Athens Stock Exchange are gradually trying to gain rhythm, with investors making satisfactory investments, improving the market psychology.
However, it is clear that more effort is required, as the current stagnation will only be lifted if the General Index breaks through the 1,450 resistance level, which has been plaguing Athens for weeks.
In any case, the focus of attention is on the upcoming placement in National Bank, as well as other corporate developments (AMC in Cenergy, entry of Cyprus Bank), which are expected to lead to a significant increase in the supply of shares in the short term.
As a result, in the first session of the new week, the General Index is up a remarkable 1.01% to 1,439.53 points, gaining about 14.5 points compared to Friday's close (1,425.19 points).
The arc of the daily fluctuations extends over 18 points (from 1,421.91 to 1,439.53 points), with the turnover of transactions ranging at 64 million euros, of which 21.5 million euros are pre-agreed packages.
The banking index attempts to reverse the stagnation pattern of recent weeks as it expands +1.68% to 1,240 points.
NBG shares climb +3.48% and 7.43 euros, Eurobank shares follow at +2.26% and 2.032 euros, Piraeus shares trade +0.84% and 3.832 euros, while Alpha shares are unchanged at 1.594 euros.
In the high-cap index (+1.26% and 3,499 points), the PPC share is up +2.5% and 12 euros, boosted by the positive Citi report (target price 14.7 euros). Metlen's share (+2.4%) follows closely behind, returning above 35 euros. Jumbo, Viohalco, Sarantis, AIA and ELVALHALKOR gain at least +1%. In contrast, Hellaktor's shares retreat to -0.8% and EUR 1.96. Titan Cement's shares also fall by 0.9%.
As for the mid-cap index (-0.28% and 2,332 points), Optima Bank shares stand out negatively at -3.3% and fall below 13 euros, with Ideal shares losing 1.3% and folding to 6 euros. Conversely, ABAX shares rally 5.8%, while shares of Fourlis, Lavipharm, ADMIE, HKE and Kri Kri rise more than 1%. Special mention should be made of Intralot, where a package for 2.3% of shares was "passed" at a price of EUR 1.2. The buyer was reportedly Intracom, whose shares are currently expanding by 2%.
