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The upward trend continues | TheGreekDeal.com
Athens Stock Exchange
The upward trend continues
For the fourth consecutive day, the upward movement on the Athens Stock Exchange continues, with buyers maintaining the "reins" and improving the short-term sentiment.
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For the fourth consecutive day, the upward movement on the Athens Stock Exchange continues, with buyers maintaining the "reins" and improving the short-term sentiment.

Taking a boost from abroad, where the DAX is at new record levels, the Greek market is attempting to "trim" the distance from this year's "peaks" of 1,502 points, which is now below 3%.

And all this, while investors are turning their attention to the crucial placement of the National Bank of Greece, which is scheduled for next week, as well as to the corporate figures for the first half of the year, which confirm the booming profitability of 2024.

Specifically, in the 4th session of the week, the General Index posted a remarkable 0.76% increase to 1,473.10 points, gaining 11 points compared to Wednesday's close (1,462.06 points).

The arc of daily fluctuations extends to 12 points (from 1,462.37 to 1,474.67 points), with a turnover of 58 million euros, of which 1 million euros are pre-agreed packages.

The banking index attempts to continue the positive movement, further trimming the distance from this year's peaks of 1,354 points. The result is, at the moment, it stands at +0.43% and 1,284 points.

NBG  shares, as mentioned above, are down slightly at -0.89% and 7.79 euros, while Eurobank shares widen to +1.68% and 2.113 euros, Piraeus shares are trading at +0.87% and 3.954 euros, and Alpha shares follow at +0.56% and 1.629 euros.

In the high-cap index (+0.82% and 3,591 points), Titan Cement's shares continue to climb into uncharted territory, gaining +4% and 35.5 euros, thanks also to the new price target of NBG Securities (41 euros). Jumbo's shares are also up 2.7%, which saw its first-half profitability improve by 14%. At the same time, Metlen's shares are in the green for the 6th consecutive session (+0.9%). Motor Oil, Hellenktor and Aegean are up more than 2%, with Helleniq Energy, GEK Terna and Sarantis following at +1%.

As for the mid-cap index (+0.32% and 2,356 points), ADMIE's shares stand out again today, as they are up +2.5% and 2.41 euros, setting an immediate target to break through the 2.42 euro resistance. AVAX shares also return to 1.5 euros, expanding by almost +1%. Kri Kri, EYATH and EXAE show gains of more than 1%. On the flip side, the shares of Techniki Olympiaki fold by 1.2%. Special mention should be made of PPA, which reacts +1.4% and 21.2 euros, after satisfactory half-year figures.

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