The Greek stock market is below the circumstances, as despite initial signs of a reaction, sellers are in charge for the fifth consecutive day. If the current scenario is maintained, Athens will record its 10th fall in the last 11 sessions. The 1,410 level is in question, "flirting" with a new one-month low.
Specifically, in Friday's (11/10) session and despite the bullish start, the General Index retreated by -0.15% and traded at 1,409.44 points, with a daily high of 1,417.42 points and a daily low of 1,409.22 points. Given the weekly decline, it is forecast to be strong. After losing 1,414 points on Thursday, the nearest support for the GC is now located at 1,394 points, which is the 200-day moving average (CMO).
Sentiment in global markets remains positive as Wall Street is in close proximity to its all-time highs. At the same time, traders are awaiting further details on the Chinese stimulus package, which has given a boost to the world's major markets.
The main sectoral indices of the stock exchange show modest gains. Banks are up +0.19% at 1,202.89 points, the FTSE 25 (high cap) is higher by +0.3% at 3,429.98 points, while the Mid Cap (mid cap) is down -0.06% at 2,275.33 points.
Trading activity is set at 6.496 million, of which 1.11 million is for packages. At 2.47 million euros, the gross turnover of Piraeus is at 2.47 million euros. The market capitalisation is EUR 98,751 billion. Positive signs for 59 stocks, negative for 22, while 4 stocks remain unchanged.
Among the systemic banks, Piraeus is up +0.71% at €3.693, followed by Eurobank (+0.46% at €1.979), Alpha Bank (+0.41% at €1.476) and ΝΒG (+0.3% at €7.444).
In the high capitalization, OTE, Autohellas and PPC stand out due to their gains. In the mid-capitalization, Techniki Olympiaki, Fourlis, Quest and ADMIE record strong gains. On the other hand, Plastic Thrace, Dimand and Optima Bank are down significantly. Second day of reaction for Attica Bank, which is trading at +25% and 2.55 euros